{"id":6075,"date":"2022-10-27T20:18:17","date_gmt":"2022-10-28T01:18:17","guid":{"rendered":"http:\/\/salvador-ins.one.zysites.com\/blog\/construction-contractors-may-be-at-greater-risk-of-exposure\/"},"modified":"2025-04-22T11:02:46","modified_gmt":"2025-04-22T16:02:46","slug":"construction-contractors-may-be-at-greater-risk-of-exposure","status":"publish","type":"post","link":"https:\/\/www.salvadorinsurance.com\/es\/blog\/construction-contractors-may-be-at-greater-risk-of-exposure\/","title":{"rendered":"Construction contractors may be at greater risk of exposure"},"content":{"rendered":"

Rising costs of property impacts contractors<\/strong><\/p>\n

Surging inflation, supply chain issues and labor shortages have led to the largest spike in construction costs in 50 years.1<\/span> Increasing material costs put contractors at greater property exposure risks as they store, transport or have property waiting at job sites.<\/p>\n

With material shortages and rising cost of those materials, contractors may react by buying inventory at higher costs, farther ahead of time and storing it longer. Contractors may need more coverage to protect them from loss. Additionally, there are proactive steps your contractor customers can take to help mitigate damage to property and potential losses.<\/p>\n

Actions to take<\/strong>
\nAs you’re having conversations with contractor clients about inflation and rising property costs, the following resources are available:<\/p>\n