Ironwood Blog Insurance Implications for the Growing Construction Industry

With record employment numbers and spending, the construction industry is booming. The sector gained on average 12,000 jobs per month in 2019, the most for any sector in the U.S. job market.[1] Spending on homebuilding and government projects is contributing substantially to this growth, leading to an expanding workforce and new green and sustainable technologies. All of these factors require more from owners, employees, equipment and workspaces. If your construction business is experiencing growth, you may wonder how expansion influences your insurance coverage. Key areas of consideration include: