Heading into 2019, USI Insurance Services' 2019 P&C Insurance Market Outlook Report states immigration and labor force issues, offsite fabrication, green construction, technological advances and effective subcontractor prequalification are expected to impact construction firms’ ability to manage risk effectively. The construction industry had a record-breaking year in 2018, as evidenced by a 6 percent year-over-year increase in construction put in place, and the growth forecast remains strong for 2019 due to favorable outlooks for all major public and private sectors.
Here’s a deeper dive on some of the key report findings related to construction organizations.
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