Delays, Higher Insurance Costs Burden Owners, Contractors

Posted on: December 16th, 2021 by Leaders' Choice Staff No Comments

Increasing construction project delays are combining with a hardening market for builder’s risk and liability insurance to create headaches for project owners and contractors. If your project suffers from delays, you may find it difficult or costly to extend the length of your insurance coverage as insurers have tightened their underwriting policies and some have […]

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Big Changes to Construction Dual Classes in the Works

Posted on: November 10th, 2021 by Leaders' Choice Staff No Comments

There could be significant changes coming for a number of construction dual-classification codes that could see the threshold for the higher-wage workers jump by as much as $5 per hour. Currently, 16 of the Workers’ Compensation Insurance Rating Bureau’s construction and erection class codes are divided into two separate classifications based on the hourly wage […]

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