Contractors and insurers are adjusting to continued volatility
Tariffs and inflation have long been pressing concerns for the construction industry, but in recent years, their impact on builder’s risk insurance has become even more pronounced. As material costs fluctuate and supply chain issues persist, contractors and insurers alike are reconsidering approaches to risk mitigation, pricing, and project planning.
The uncertainty surrounding tariffs has made it difficult for contractors to project costs with any degree of confidence. That uncertainty is compounded by inflation, which has driven up the price of materials, labor, and transportation.
Brian Cooper (pictured), US national construction practice lea