Construction Genius

Beauty Queen! How to Make Your Construction Company Attractive to Insurance Carriers

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Sinopse

Every company wants lower insurance premium costs. But with a hardening insurance market, how can construction companies lower their spending on insurance? What are actionable steps contractors can make to become more attractive to brokers? In this podcast episode, I talk to Mary Grandy, Senior Vice President at Epic Insurance Brokers and Consultants. She gives us a brief look at the insurance market today and how it is affecting construction companies. We ask her for some tips on how contractors can become more appealing to insurance agents. She also shares her expert opinion on what makes good partners and improving trust between agents and contractors. There's a lot to discover and learn from this episode. Check it out today!   Discussion Points: 0:00 Introduction2:20 Hardening market in insurance3:20 What is social inflation?4:25 How is the construction industry affected?7:21 Advice on addressing the challenges of insurance premiums8:46 Defining total cost of risk9:25 Contractor programs to address the to