Put Your Trust in IFS:Comprehensive Insurance Solutions for the Construction Industry
The construction industry over the last several years or so has seen steady growth around the country including in our own backyard of Delaware, Pennsylvania, Maryland and New Jersey. Green building continues to grow, for example, in both the residential and commercial sectors. A booming multifamily housing industry boosted construction growth in the last few years, with single-family construction picking up and remodeling in the luxury market experiencing a banner year. The public sector also contributed to the health of the construction industry.
With this growth also comes increased risk including the fact the construction sector has seen an uptick in worksite accidents and safety violations due in part to labor shortages and tighter regulation. There are also greater exposures for contractors because of the expanded role many have undertaken in overseeing the design-build of projects, which has opened up professional liability issues when something goes wrong that causes financial harm to a client. New overtime rules and stringent worker classification also contribute to the potential exposures the construction industry faces.
IFS Insurance is experienced in protecting the construction industry against potential pitfalls that can jeopardize your company’s assets and performance. Our professional staff keeps current on emerging issues, including new and expanded regulations that may impact your firm. In addition, we can provide assistance in risk management and loss prevention strategies to help minimize accidents, injuries and other losses that drive premiums and harm the reputation and good standing of a contractor and construction firm in the community.