Category: Insurance & Leasing
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Managing Risk and Insurance Challenges in Green Construction Projects
With growing interest around the globe – and government programs to support the shift – both designers and construction firms are taking on an increasing number of green projects, both in Ontario and across Canada. Yet this new building trend comes with additional risks – risks that designers and builders alike may not always understand.…
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Palfinger Launches Financial Services Program for U.S. Equipment Buyers
Palfinger has launched Palfinger Financial Services, a new program that provides financing options for businesses purchasing its cranes, hooklifts and truck-mounted equipment in the United States. The program offers a streamlined online application process, with credit decisions available in one to two hours and funding typically within 24 to 48 hours. Businesses can bundle installation…
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Closing the Payment Gap: How Factoring Keeps Dump Truck Businesses Moving
You put in the hours, you haul the loads, and the job gets done. The work moves fast, but the check doesn’t. Sometimes it takes 30 days, sometimes 90, and in the meantime, you’re facing fuel bills, payroll and repairs that can’t wait. One truck may be sitting on bad tires, another in need of…
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5 Big Announcements Out of Trimble Dimensions 2025
Trimble revealed several major product updates and AI advancements at its annual Dimensions 2025 user conference, focusing on improving collaboration, interoperability, and automation across construction workflows. Here are five key takeaways: 1. ProjectSight 360 Capture Brings Reality Capture to Project Management Trimble introduced ProjectSight 360 Capture, a new feature that integrates 360-degree imagery directly into…
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Veriforce Acquires Highwire to Expand Contractor Risk Management Capabilities
Veriforce has acquired Highwire, a U.S.-based provider of contractor prequalification and risk management solutions for the construction and capital projects sector. The deal expands Veriforce’s reach in industries such as data centers, life sciences, advanced manufacturing, and healthcare, while combining Highwire’s construction-focused platform with Veriforce’s global safety and compliance expertise. Together, the companies now support…
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Streamlined Permitting: The Competitive Edge for On-Time, Profitable Construction Projects
The construction and building industries operate on tight margins and even tighter deadlines. As you undertake new commercial, residential, or infrastructure projects, a seemingly straightforward administrative step — the permitting process — often escalates into an unexpected and costly roadblock. Traditional permitting, a complex administrative maze of applications, reviews, and inspections, can introduce significant delays…
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Understanding Construction Contract Insurance Requirements: How to Avoid Costly Gaps and Legal Risks
It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving variables, dangerous environments and hazardous conditions that can generate serious losses. Risks include fires, trench collapses, accidents and even loss of life. Insurance is essential to protect the…
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Four Challenges Facing Construction in 2025 — and How Equipment Leasing Helps Contractors Stay Competitive
The construction industry is being stressed from many sides, but it has strong fundamentals and performed well in 2024. What challenges and opportunities do the industry face, and how are construction firms dealing with them? Here, we break down some of the challenges and explain how equipment leasing and financing is helping construction companies better…
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Copper Tariffs and Construction Site Theft: How Contractors Can Strengthen Security and Prevent Losses
Theft is a phenomenon that follows the news cycle. In a year marked by economic uncertainty and seismic changes in international trade, thieves have taken notice. Increasingly, they see opportunity on construction sites. With the August 1, 2025 rollout of 50% tariffs on semi-finished copper products entering the U.S., construction sites have suddenly become more…
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Construction Insurance Outlook 2026: How Contractors Can Manage Rising Costs, Labor Shortages and New Risks
Construction business leaders know how quickly market conditions can shift. Tariffs, labor shortages, and inflationary pressures are changing the cost of doing business, while technology and legal risks evolve just as rapidly. In this environment, a “set it and forget it” approach to renewing your insurance policy can leave gaps and create costly surprises. According…