Return to Previous Page
Medical and Benefits Costs Are Top Concerns
Fifty-six percent of construction businesses surveyed for the 2016 Travelers Risk Index report they worry most about medical cost inflation and legal liability, followed by rising employee benefits costs and broad economic uncertainty. Rounding out the top eight construction business concerns are attracting and retaining talent, employee safety and workplace violence, legal and regulatory compliance, and cyber risk and data breaches.
Despite concerns about these risks, only 32 percent of construction respondents have a written business continuity plan, only 17 percent have a cyber/data breach response plan, and only 26 percent feel they are properly insured. For more information, visit travelers.com/riskindex
//to add proper spacing in between panes