5 articles
Insurance used to feel like a cost of doing business. Now it feels like a second payroll, except this one shows up every month, does nothing to help you win jobs, and still gets more expensive every year.
Most operators obsess over fuel, repairs, and payments while insurance drains profit in the background. I've watched premiums climb fast enough to wipe out the margin from a solid month of work.
A lot of operators think fuel, repairs, or payroll are their biggest silent cost. I think it's insurance, because every year we pay more, fight harder for coverage, and somehow get less protection in return.
Insurance premiums have doubled for many operators in two years. Alex Boyd breaks down who survives, who doesn't, and why this is the crisis nobody in the industry is talking about.
Equipment insurance premiums have increased 15-25% over three years. Understanding market dynamics helps contractors manage risk effectively.