"As the U.S. economy continues to grow, all signs point to a slow and steady recovery of the commercial construction industry as well. Last year, studies such as the "Commercial Building Construction Market Research Report" from IBISWorld predicted five years of "robust revenue growth for commercial construction companies," while the American Institute of Architects (AIA) announced that several nonresidential commercial sectors were up, often at a double-digit pace from the year before. More recent AIA forecasts even project an 8% increase in 2015 commercial spending initiatives." 

"With the good comes the bad, however. While commercial construction liability has always been a concern to the discerning and conscientious contractor, many other liability issues have also entered the arena as the boundaries that commonly separated the responsibilities of contractors, architects and other building professionals are eliminated......"

Read the complete article here and for the discussion on the liability implications for a growing economy and a  more robust construction climate.  For more information on these or any of the products offered by New Day, please contact your New Day consultant at 609-298-3516 or info@newdayunderwriting.com.