A Hardening Construction Market
As you begin to put the wheels in motion to execute a strong start to 2021, it is critical that you have a plan in place to address the challenges within the hard insurance market.
After a prolonged soft market, prices have been rising over the past 8 quarters. The main factors being:
- Reduction in capacity
- Market performance
- Increased losses
- Uncertainty surrounding the pandemic – potential claims
- Impact on claims (reserve delays – standard procedure holds)
The continued dip in interests rates combined with the uncertainty of the market have put an emphasis on underwriting standards as well as stricter terms and conditions within the construction industry.
This webinar will focus on the factors you can control within your current program and educate on details surrounding your risk management program. We will discuss common changes within policy language as well as best-in-class risk transfer practices to help mitigate risk within the current state of the market.
Bill Nagy
Bill joined the Hausmann Group team in 2019. He made the move to HG because he knew it was the right long-term fit for his professional and personal values.
Bill is a graduate of the University of Wisconsin - Madison and also holds an MBA from Ohio University. He played football professionally for 3 years and followed up that experience as a coach. After transitioning out of football, he began his career in the insurance industry.
Bill's passion lies in ensuring people and their businesses are in the best position possible to be successful. He builds strong, lasting relationships with his clients who entrust him with their insurance programs so they can focus on what is most important.
Jon Templin, CIC, CRIS
Jon grew up around insurance – when he was young his grandfather owned an insurance agency in Peoria, Illinois. Now, he is the one that clients put their trust in to protect the businesses that they’ve built. Jon enjoys making clients of Hausmann Group aware of the risks that they face and teaches them how to address those risks so that their businesses can continue to thrive.
Jon is extremely detail-oriented when it comes to reading contracts and coverage forms and is very effective at making clients aware of unfavorable contract language in leases and construction agreements. He likes to dive in and help solve a client’s problems right alongside them. Clients appreciate the way Jon is able to advocate for them in a way that protects their interests and respects their professional relationships.
Watch and Learn
