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Construction

Practice Groups Construction

The U.S. Construction industry is pegged to experience annual growth over the next several years – from $1 trillion in 2014 to $1.1 trillion in 2019.* There are a number of factors driving this growth, including investments to modernize the country’s aging infrastructure and in the renewable energy sector along with a growing population and the resulting demand for expansion in residential construction. Commercial construction is also a contributing factor to the industry’s growth due to improved economic conditions, an increase in consumer spending, and government investment in tourism, office, and retail buildings in the next four to five years.

While the Construction industry has rebounded, challenges remain. The majority of operations continue to face a large share of losses that require the experience and expertise needed to drive down costs, minimize risks, and utilize capital more effectively.

A Customized Approach

The Construction Group at RPS is poised to assist our agency and broker partners to meet the demands of the construction industry. We offer end-to-end cost-effective insurance solutions and loss analysis designed to improve an operation’s risk profile and insulate against a variety of exposures. With dedicated producers throughout our national network of office locations specializing in Construction insurance programs, supported by our longstanding partnerships with top carriers in the Construction and Inland Marine space, we offer customized solutions that meet your client’s business needs every time.

From general contractors and owners-developers to trade and specialty contractors, RPS can provide you with a winning, tailored Construction insurance program for each of your insureds. 

* Timetric’s “Construction in the US – Key Trends and Opportunities to 2019”.

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Knowledge Center

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RPS Navigator - Fall 2018

Grab your cider and kick back—the Fall issue of the RPS Navigator newsletter is here! In this issue we explore:

  • Prefabricated Construction: The Wav…

OSHA Looks to Amend Electronic Reporting Rule

The Occupational Safety and Health Administration (OSHA) electronic injury reporting rule entered a new chapter recently when on July 30 OSHA opened a…

Contractors that Wear More than a Hard-Hat Need Professional Liability Insurance

Today, in a world where general contractors and design firms increasingly wear multiple hats and take on roles that previously were strictly in each o…

Falls Among the Most Common Construction Accidents on Job Sites

According to a recent analysis of Workers’ Compensation claims in construction-related accidents, one of the most common — and costly — causes of clai…

On the Horizon for the Construction Industry

As construction insurance specialists, RPS keeps its ear to the ground regarding the industry’s outlook and trends.

Why Professional Liability for Contractors is So Important

Professional Liability insurance for contractors in their design/build roles is equally as important to their protection against risk as is similar co…

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