Risk Factors

Construction defect lawsuits average $40000-$125000 in defense costs alone before any settlement or judgment.

Workers compensation claims in construction average $41000 per incident with lost-time injuries costing significantly more.

Contractors face property damage claims averaging $30000-$75000 when work causes harm to client or third-party property.

General contractors retain liability exposure from subcontractor operations making certificate verification and risk transfer essential.

Construction site theft costs the industry an estimated $1 billion annually with average losses of $5000-$50000 per incident.

Commercial auto accidents are a top liability exposure for contractors with average claim costs rising 8-10% annually.

Severe weather causes billions in construction losses annually through project delays material damage and safety incidents.

Falls remain the leading cause of death in construction accounting for over 300 fatalities annually per OSHA records.