Complex projects are pushing contractors to rethink coverage, structure, and cyber readiness
The traditional methods of managing construction risk are struggling to keep pace with today’s realities. According to Rachel Dobbs (pictured), client executive at Hylant, construction projects now involve higher stakes, more players, and greater complexity. “We’re seeing a lot more complex projects, for sure,” she said. Joint ventures and public-private partnerships are increasingly common, changing how risk is insured and transferred.
That complexity is reshaping coverage placement. “Rather than having the traditional towers, where every contractor on a project has their own …