2017 Construction Industry Risks

2017 Construction Industry Risks chart2017 Construction Industry Risks chart

Construction companies worry about their ability to attract and hire qualified workers, employee safety and the implications of a changing workforce. The latter two issues are of even greater concern to construction companies versus businesses overall.

Construction companies face an unprecedented shortage of skilled labor. When compared to businesses overall, they are equally concerned about finding skilled workers, yet somewhat more concerned about the impact the changing workforce may have on their business. They are also more concerned than all businesses about the threat that these two risks pose to employee safety.

Construction companies are also more concerned than businesses overall about driving accidents caused by employees, and employee workplace injury. Complying with OSHA requirements, which include crane and silica regulations, also concerns 36% of construction companies.

Fewer than 3 in 10 construction companies (28%) report that they feel confident they are properly insured. Just 17% of construction companies report that they consult with a safety professional from their insurance company, a strategy that can help them identify specific risks that the company may face, for instance, auto risks if employees drive personal vehicles for business use.

Buildings

Get the 2017 Travelers Risk Index

Download the report