Smarter Insurance & Risk Strategies for Design & Construction's New Era

From rising material costs to labor shortages – it's a tough time for the sector

Smarter Insurance & Risk Strategies for Design & Construction's New Era

Construction & Engineering

By Emily Douglas

This article was created in partnership with Victor Insurance.  

In the ever-evolving design and construction industry, risk management has become increasingly complex due to a confluence of factors. As claims severity remain highly elevated, design and construction firms must reassess their insurance and management strategies to ensure financial resilience and maintain a competitive edge. 

In an upcoming webinar from Victor Insurance in association with Insurance Business - Securing the future: Smarter insurance & risk strategies for design & construction’s new era  - industry professionals will learn all about how to navigate this complex sector and address ongoing challenges in the market - challenges don’t seem to be going away anytime soon.  

From rising material costs to labor shortages, supply chain disruptions to climate-related risks – professionals need a bevy of strategies and solutions to ensure they not only survive in the coming months, but they thrive. This webinar, hosted on July 15th at 2pm EST, will look at key issues including; 

  • Current Landscape: Understand the macroeconomic and environmental forces reshaping the design and construction sector—and how they influence risk profiles 
  • Insurance Strategy: Explore how rising claims and costs are transforming coverage needs and prompting firms to rethink their insurance approach 
  • Real-World Insights: Learn from real case studies that reveal common coverage gaps and the consequences of underinsuring 
  • Client Guidance: Equip yourself with tools and strategies to better advise clients in navigating today’s coverage challenges 
  • Future Preparedness: Discover how to help clients shift from reactive to proactive risk management, ensuring stability through uncertainty. 

Join IB and Victor Insurance for this informative webinar, where we will explore the current challenges facing the design and construction sector and how these factors are reshaping insurance needs. You’ll gain valuable insights to help guide your clients effectively through these turbulent times, ensuring they are well positioned with insurers. 

Keep up with the latest news and events

Join our mailing list, it’s free!

IB+ Data Hub

The Ultimate Data Intelligence Platform for Insurance Professionals

Unlock powerful dashboards and industry insights with IB+ Data Hub—your essential subscription for data-driven decision-making.