Construction Rebound in 2015

DSC_0075The construction industry took a hit not only in Colorado but nationwide in 2009. It looks like we are recovering from that hit and the industry is looking to rebound in 2015. From a recent article on ibmag.com:

In fact, total US construction starts for 2015 are estimated to rise to $612 billion – an increase of % over the last year, according to the 2015 Dodge Construction Outlook. That’s compared to a 5% increase in 2014 to $564 billion.

Leading the pack are five sectors:

1. Commercial building – 15% increase
2. Single family housing – 15% increase
3. Institutional building – 9% increase
4. Multifamily housing – 9% increase
5. Public works construction – 5% increase

That positive growth is reflected in demand for appropriate insurance policies. And while that spells good news for producers specializing in the construction sector, every opportunity comes with its own set of challenges.

http://www.ibamag.com/news/the-5-hottest-markets-in-construction-insurance-22257.aspx

Please contact Orcutt Insurance Group to discuss insurance and your construction business.  Our company offers general liability, workers comp, commercial auto, builders risk, and other insurance products to any construction related business including contractors of all types.

Thank you for your consideration.

The Orcutt Group Team

www.orcuttgroup.com