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Capitalizing on the trend to build green can quickly turn your profit margin from black to red if you don’t have a clear understanding of your additional contract exposures.
Since private owners cannot afford to gamble on a contractor whose reliability is uncertain, a surety bond is a great safety net for the investment.
Schauer Group suggests project owners and general contractors turn to a wrap-up insurance program for construction projects to manage their risks.
Schauer Group recommends the following plan of action to ensure that you remain in compliance with your insurance recordkeeping.