Construction Industry Trends & Insights

Chubb Construction is a leader in Maintenance Owner-Controlled Insurance Programs with experience writing these insurance programs for more than three decades. The high level of understanding and dedication to this space allow Chubb to craft tailored programs to meet the clients’ unique needs.

Commitment, collaboration, communication, and accountability were key to the success of this insurance wrap-up. Designed for a capital program, unprecedented in vision and scope, the program yielded ongoing, positive results.

Meeting the challenges of environmental risks in international construction

Contractors are expanding their roles (for example, into design) at the same time cyber threats are increasingly more sophisticated and malicious. It’s essential to take steps to mitigate the resulting, evolving exposures.

Companies taking on international construction projects are subject to vastly differing local regulations, compliance scrutiny, and tax implications as well as the usual exposures. Chubb outlines the complexities and solutions.

Large plant owners who combine the workers' compensation and general liability for all the plant’s contractors get more control, reduce potential coverage gaps or overlaps, and typically save an average of 60 percent overall on insurance premiums.

Contractors Building Success During Challenges Times - Strategic Insights to Forge Ahead

As contractors expand their roles in construction projects — for example taking on design or engineering consultation — and grow their technology use, they also increase their professional liability exposures.

With the aim of elevating awareness and enhancing the safety culture for construction firms, this guide identifies, explains, and recommends proactive safety procedures and practices that have proven successful.

Inhalable particles of crystalline silica are found in many construction operations and can lead to lung and other diseases and death. It’s critical to understand the legal standards, your exposures — and to mitigate your risks.

Construction can be a dangerous business. From hazard analysis and worker training through return-to-work plans, a proactive safety strategy can save lives, prevent injuries, reduce litigation costs, and improve productivity.

Wearable devices can increase construction safety and efficiency. Whether monitoring worker fatigue or keeping track of personnel on an active building site, wearables can be assets in ever-changing construction environments.

Technology is transforming everything from building design and construction methods to project management and worker safety. But these technologies come with evolving and heightened cyber exposures.

Chubb provides critical, data-backed insights for construction industry activity. Our overview of aspects such as growth markets, materials costs, and labor and employment trends can help you plan for and mitigate headwinds.

Create consistency and cost efficiency and reduce coverage uncertainty with our liability wrap ups. These controlled insurance programs (CIPs) combine general and excess liability for contractors and subcontractors under a single policy.