The construction industry is a high-risk industry, with frequency and severity of losses surpassing most other industries. Risk management is the balancing of an equation, with risks on one side, and risk management strategies on the other. Risks that a contractor can't avoid, retain, allocate or transfer by contractual methods, are typically transferred by purchasing various types of insurance.

The insurance industry has experienced a soft market for the past several years, but with interest rates rising and a hardening market, the cyclical shift from guaranteed-cost insurance to loss-sensitive programs is on the horizon. However, the next few years will be a period of major change in the insurance industry, promulgated by the dismantling of Glass-Steagall legislation and the proliferation of the Internet and e-commerce portals for evaluating and purchasing insurance online.

To assist you with evaluating insurance options, we have provided links to a variety of insurance resources. This information is listed into the following four categories:; Insurance Agents and Brokers, Insurance and Reinsurance, Insurance Service Companies, and Insurance Online Portals.

Please note that this information is provided by C-Risk for information purposes only and does not constitute the rendering of any legal advice and/or product recommendations. Insurance requirements vary from State to State. Therefore, you should always consult with competent legal counsel and your State Department of Insurance to determine the specific laws that apply in your State or in your specific circumstances. For your convenience, links to each State's Department of Insurance are listed in the State Insurance section of the Reference Library.