Stopping Theft Before it Occurs on Your Construction Site

Theft is a growing problem for construction sites. From equipment to materials, construction businesses experience $1 billion in losses on a yearly basis. The issue extends beyond the physical loss of resources. Companies have to pay to rent or replace stolen equipment and tools, the associated costs with downtime while waiting for supplies, and a potential increase in insurance premiums for numerous claims all add up over time. Construction companies can mitigate much of their risk by taking the following steps.

Keep Job Sites Lit Even During Non-Work Hours

Proper lighting is a major deterrent for most would-be thieves. If they can get in and out without being seen, your job site is a prime target. Thieves are much less likely to strike if there is even the potential that someone is watching them.

Resupply on an As-Needed Basis

Having piles of supplies that workers will not need for weeks to come is a security risk. Thieves often scope out their targets ahead of time. They will make note of supplies that go untouched for long periods. This means businesses need to establish good lines of communication with their suppliers and project managers to avoid delays.

Invest in the Proper Construction Insurance

There are two types of insurance employers should consider when it comes to theft. The first is Builder’s Risk Insurance. This type of policy provides coverage for numerous issues, including theft. However, this does not include employee theft. If construction companies lack the manpower to oversee and remain in contact with all of their job sites on a regular basis, they should consider employee theft coverage.

While having these policies cannot undo the damage and delays caused by theft, it can help reduce the associated costs. The Reilly Company can help your construction company navigate the many types of insurance options available to you. To learn more about reducing your risk with construction insurance, contact us.

Managing Your Small Business Risk

Small businesses face a variety of risks. To protect yours, it’s crucial to identify the risks specific to your organization, then develop a strategy for managing them. Below are some common risks small businesses face as well as how to attenuate them.


A data breach is much more than a violation of your and your customer’s privacy. Depending on what the hackers access, they could harm your business beyond recovery. Cybersecurity insurance has come a long way to keep up with modern cyber threats. Business owners should protect their company from on-site and remote cyber threats.

Business Interruption

Business owners cannot predict when this type of risk will occur. Business interruptions are usually the result of a natural disaster or unforeseen events that force business owners to temporarily close or set up shop elsewhere. Business interruption insurance exists for these types of situations. Business interruption policies provide coverage for loss of income as well as expenses related to operating the business.


Businesses face a variety of potential lawsuits as part of their day-to-day operations. Some examples include slander or accidental injury. Following best practices can help reduce the likelihood of such a lawsuit, but it does not provide protection in the event of litigation. There are numerous types of liability insurance that provide coverage to reduce this risk.

Protecting your company is vital to remaining in business. Without the right insurance policies and appropriate coverage, it is easy for threats to overwhelm a company. The Reilly Company can help you decide which policies are best for your small business. We will help you identify risks to your company as well as develop strategies for managing them. To learn more, contact us.

Can Cybersecurity Protect Your Business Against Attacks?

In the early days of cybersecurity, IT professionals divided businesses into those that have been hacked and those that will be hacked. As technology improves and hackers hone their skills, this outlook has become bleaker. Now, IT security specialists view companies as those who know they have been hacked and those that do not.

While it is unlikely that every business in existence has experienced a data breach, the threat is real. Of the plethora of risks businesses face on a day-to-day basis, cyber incidents represent the third largest of them all. Victims are as varying as their attackers are. Large corporations, small businesses, non-profits, and even government organizations are prone to attacks. These cyber aggressors could be hacktivists for a specific social cause, individual attacks for fiscal gain, and more.

Protecting Against Cyberattacks

The situation is not as dire as many in cybersecurity make it seem. Businesses do not need to revert to non-technological forms of communication and data storage, but they do need to protect themselves. The easiest way to do that is with cybersecurity insurance. Unfortunately, many businesses neglect this type of insurance until it is too late.

The first step to managing cyber risk is acknowledging it requires attention and resources. If a business neglected cybersecurity in the past, they need to make it a priority now. This does not just mean preventing cyberattacks. Businesses also need to have a plan in place in the event of a successful breach.

Common Sense Measures

Beyond investing in cybersecurity insurance, businesses should also make sure they are engaging in best practices. Holding cybersecurity training for employees, discouraging sharing passwords, and changing passwords on a regular basis are simple measures employers can take to reduce the likelihood of a security breach. More often than not, hackers obtain their information from unsuspecting employees. If employees know the signs of a scam or suspicious email, they can take the appropriate steps to contain the threat.

Cybersecurity is a multifaceted issue that can be difficult for businesses to navigate. The Reilly Company can help your business understand what cyber protection policies are available to them as well as what type of coverage best suits their needs. To learn more, contact us.

Do Construction Companies Need Environmental Insurance?

Most construction companies know they need several types of insurance to protect their business, projects, workers, and more. There tends to be a heavy focus on general liability and workers’ compensation. However, there is a lesser-known risk that construction companies must consider: environmental damage.

Failing to address this issue can land businesses in court over damages their company inflicted on the environment. The Environmental Protection Agency (EPA) considers construction as a major source of pollution and subsequent damage. As a result, they view engineers, general contractors, subcontractors, and even architects as suspect in regards to pollution damage.

Things to Consider

Construction companies should not take concerns about litigation lightly. The potential for a lawsuit is all too real and can bankrupt smaller businesses. Other reasons to consider environmental insurance include:

  • Most liability policies (general and professional) do not provide coverage for claims related to pollution.
  • Even the most environmentally conscious construction crew can have a chemical spill or puncture an underground pipeline. Accidents happen and companies need to protect themselves from inadvertent releases of hazardous materials.
  • Improper disposal of hazardous materials can result in public exposure and illness.
  • Drainage issues at construction sites can contaminate local water due to runoff.

Having environmental insurance can protect construction companies in the event of a lawsuit. Most policies provide several coverage options that business owners can choose from to best suit their risk level. The construction industry is litigious; construction business owners need to protect their investment by reducing their risk. To learn more about environmental insurance, contact The Reilly Company.