It can be difficult for insurance agents to convince their contractor clients to buy additional coverage. (Photo: Fluky/Adobe Stock) It can be difficult for insurance agents to convince their contractor clients to buy additional coverage. (Photo: Fluky/Adobe Stock)

There's been no shortage of work for contractors over the last two years thanks to a booming construction market that's translated into plenty of demand for insurance coverage.

But supply chain disruptions, skilled labor shortages, ever-changing contractual requirements and economic uncertainty are among the issues that can lead to potential new exposures in risk segments that contractors are typically uninsured against. Also, social inflation trends fueled by an active plaintiffs' bar have increased the risk of costly claims that could arise from perceived negligence.

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