We collaborate closely with you to tailor construction risk and insurance strategies that address your specific challenges. Our goal is to create programs aligned with your strategic objectives, optimize your financial resources, and safeguard your business both now and in the future.
The construction industry plays a vital role in the global economy, maintaining a steady pace of activity. The demand for both renovating existing infrastructure and building new structures remains constant. However, the industry’s trajectory is often influenced by socio-economic factors, resulting in fluctuations. Construction firms must stay vigilant about current and emerging risks and possess the agility to adapt swiftly to changing conditions.
Various challenges, including digitalization, environmental concerns, social impacts, and governance factors such as climate risks, escalating construction expenses, and supply chain disruptions, as well as litigation trends, which significantly influence the risk landscape for construction companies. Understanding these challenges enables the development of a comprehensive risk management framework that addresses the organization’s risk retention, mitigation, and transfer requirements.
Patterson & Associates Insurance Agency, Inc. offers extensive support to clients undertaking construction projects in Austin, Dallas, Fort Worth, Houston, Plano, Richardson, San Antonio, and other cities we serve in Texas. For more than four decades, we have assisted businesses in accurately assessing risks, reducing uncertainties, and integrating safety measures as a strategic business component. We have expertise with builders, general contractors, construction managers and all specialty trades.
