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The State of Contractor Liability in 2015

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  • The State of Contractor Liability in 2015
  • |
  • Sep. 8th, 2015

No matter how thorough your plans, things can, and often do, go wrong on job sites. Fortunately, you can mitigate your risks with construction liability insurance, tight safety policies, and employee education.

Here’s a brief rundown of the realities when it comes to the issue of risk management for contractors:

The construction industry accounts for 1 in 5 worker deaths - In fact, the highest number of fatal work injuries occurred in the construction sector. This is why insurance for contractors is such an important topic in the industry.

In 2013 there were 828 work-related deaths in the construction industry - the highest number of fatal work injuries in the construction industry since 2009.

The leading causes of worker deaths by percentage were:

  • Falls - 36.5%
  • Being stuck by an object - 10.1%
  • Electrocutions - 8.6%
  • Caught-in/between - 2.5%

The construction industry accounts for 3 of the top 10 most frequently cited standards by Federal OSHA, including:

  • Fall protection
  • Scaffolding requirements
  • Ladders

Construction insurance is so much more than just workers comp these days. Unfortunately, a contractor's exposure also extends into commercial auto, property casualty, crime insurance, OSHA requirements, and more.

Contractors have enough to worry about in the course of their day-to-day duties. An investment in construction general liability insurance is one of the best ways to ensure that the main focus is on the project at hand—getting the job done on-time and on-budget.

Alliance Insurance Group offers construction business insurance that addresses all your business’ needs—from risk management, to claims management, to litigation management—our experienced leadership team will work with you to secure solutions.

For more information on best way to manage your liability risk with contractors insurance, contact us or read more at our construction industry page.

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