2020 Market Update: Construction Industry Trends and Challenges
Even before the coronavirus pandemic became a reality, the U.S. construction marketplace was expected to post only modest gains, while reshaping its 2020 business model through the ongoing reliance on technological advancements like 3D printing and robotics, design-build methodologies, sustainability and modular and prefabricated building solutions.
These issues were addressed in RT Specialty, LLC’s Environmental and Construction Professional Practice’s 2020 Market Update, which highlights the trends and challenges confronting the complex commercial insurance industry and defines the state of the environmental and construction-related professional liability insurance marketplace. The Update analyzes the industry at-large as well as the finer nuances of each policy form to provide insurance brokers and agents with information that may be useful to advise owners, developers and contractors regarding risks which may have the potential to financially cripple businesses, cause time-consuming delays and lead to litigation. Read more.