Lower premiums come from lower risk
Construction insurance pricing follows your loss history, your controls, and how clearly your operation is presented to underwriters. You do not need to accept big increases as inevitable.
Five ways to cut cost without weakening coverage
1. Reduce injuries and document the work • Run regular safety talks and record attendance • Enforce fall protection and site housekeeping standards • Keep written procedures for high risk tasks such as hot work and lifting
2. Fix the renewal process • Update revenue, payroll, and subcontractor usage so you are not rated incorrectly • Confirm project size, scope, and territories before quotes are requested • Remove outdated locations and vehicles that should not be on the policy
3. Clean up certificates and subcontractor compliance • Collect certificates before work starts and verify limits and wording • Track expiry dates so you are not absorbing uninsured subcontractor losses • Align your contract requirements with what you can enforce operationally
4. Control theft and equipment losses • Secure yards and sites with lighting, cameras, and locked storage • Use inventory tracking for tools and serial number logs for high value items • Set clear rules for equipment storage in vehicles and overnight parking
5. Make claims smaller and faster • Report losses quickly with photos and a clear incident timeline • Use preferred repair vendors where possible to speed up mitigation • Keep job documentation so liability claims are easier to defend
What to review every year
• Limits and deductibles compared to your current contracts • Completed operations exposure based on the work you do • Vehicle use and driver controls for fleets and pickups • Any change in scope such as design assist or new trades
Talk to Boardwalk
If you want to reduce premiums, start with a structured review. We can identify where pricing is being driven by avoidable exposure and help you fix it before renewal.