CHICAGO, Jan. 13, 2015 /PRNewswire/ -- Insureon, the nation's leading provider of small-business insurance, announced today the launch of construction.insureon.com, a microsite dedicated to business-growth resources for owners of construction and contracting businesses. The launch coincides with growth in the construction industry that insiders suggest could be even greater with the availability of more qualified labor.
Notably, a survey conducted by the National Association of Homebuilders found that, among nine key trades, 46 percent had workforce shortages in 2014 to an extent that hasn't been seen since 2000. Many of the industry experts surveyed conjectured that recovery in the housing market could be significantly stronger if there were more construction and contracting professionals available to work on new housing starts.
One particular bright spot for the construction industry is a renewed ability to attract talent from similar industries, such as oil and gas. The combination of surging construction demand and slowing oil production, according to industry sources, have helped construction companies compete for high-skilled manual labor needed to accelerate growth.
"These resources [at construction.insureon.com] offer a support structure to the nation's smallest construction businesses," said Ted Devine, insureon CEO. "Whether you're just starting out or you're seeing these opportunities and starting to grow, you'll find something to help you serve more clients and increase revenue."
In addition to insurance price estimates for a variety of construction and contracting professions, the new microsite includes tips on obtaining licenses and permits, complying with industry OSHA regulations, classifying contractors and subcontractors, and managing liability with contracts and insurance.
The site also includes an eBook on managing risk as the owner of a small contracting business, answers to frequently asked questions, and a tool that allows construction professionals and contractors to submit questions they don't see answered on elsewhere.
To peruse these and more resources, visit https://construction.insureon.com/.
The nation's leading online provider of small business insurance, insureon has written policies for more than 4,000 small construction and contracting businesses. It offers builders insurance (General Liability, Surety Bonds, and more) through its online application.