The financially intimate relationship between contractors and insurers is more complicated this year, with contractors looking for relief from carriers on collateral or retained funds to cover deductibles for claims under workers’ compensation and liability policies. Photo: Richard Korman / ENR Liberty Mutual’s Conroy says there have been many conversations about credit. Those issues were among the thornier ones mentioned by carriers, brokers and contractors at the International Risk Management Institute’s construction conference held Nov. 2-5 in Oxon Hill, Md. With ample capacity for builders risk, general liability and workers’ compensation and with pricing generally soft, no one was concerned
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.