The three biggest risks for general contractors in 2023

“Construction is a high-risk industry due to its unpredictability and dependence on major economic factors, such as commodity prices, purchasing power, labor force, and housing demand,” said Jim Albi, vice president, contracting, Selective Insurance. general contractors, their ability to identify, anticipate, and manage multiple workplace hazards can determine their performance and, more importantly, their business resilience.”

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