With origins dating back to 1918, Western Pacific Insurance Network, Inc is the premier specialty wholesale insurance broker in the Rocky Mountain Region. As Vice President of Marketing for Western Pacific Insurance Network, Eric Richter is a foremost authority on the importance of, and the challenges that come with, helping clients achieve and maintain world class risk management programs. Click here to learn more about Western Pacific Insurance Network Inc., or contact Eric directly at Eric@westpacins.com.
We all know the challenges of insuring contractors. In many states, the construction industry is begging for legislative reform. However, what are contractors doing in practice to make their case for changes? How are agents helping their contractor clients be more attractive to an insurer? Too often, the costs of construction defect claims are overly inflated and a large reason is improper risk transfer between contractors and their subcontractors. The concepts to improve risk transfer processes are simple and assisting your clients with these processes can go a long way.