Construction season is usually at its peak in the summer, but that also means it is peak loss season for contractors’ equipment. Longer days, tighter deadlines, and increased jobsite activity create more opportunities for contractors, but they also increase exposure to theft, transit damage, weather-related losses, and equipment breakdowns. During the busiest months of the year, even one loss can quickly lead to delays and disruptions. Below, we breakdown some of the biggest reasons contractors’ equipment claims tend to rise during the summer months.
Increased Equipment Theft
As construction activity increases during the summer months, contractors’ equipment is often moved more frequently between jobsites and left onsite for longer periods of time, which can increase theft exposure. Skid steers, trailers, generators, and smaller tools remain common targets, especially when equipment is left unsecured overnight or over weekends. Preventative routine measures for theft often get overlooked during this time period. Practices including PS tracking, secured storage areas, proper lighting, and updated equipment inventories can help reduce costly losses and project disruptions.
More Equipment in Transit
Summer projects often require equipment to move more frequently between jobsites, increasing the chances of transit-related claims. Losses typically occur during:
- Loading and unloading
- Improper securement
- Roadway accidents
- Temporary storage between locations
Heat and Heavy Usage
Working during peak construction season with longer operating hours, extreme temperatures, and tighter schedules, there is a higher risk for mechanical errors and breakdowns. Preventative maintenance is usually delayed during busy periods, so disruptions like overheating, hydraulic issues, and tire failures become more common. It is important to keep up with routine inspections during the summer months to help avoid costly issues.
Rise in Weather Risks
Summer storms can create unexpected exposures for contractors managing multiple active projects. Heavy rain, flooding, hail, and high winds can damage equipment stored outdoors or left exposed onsite. Weather-related losses often become more severe when equipment is spread across several locations and crews are working under tight timelines. Having storm preparation procedures in place before severe weather develops can help minimize disruptions.
Key Takeaways
Summer construction activity naturally increases contractors’ equipment exposures. From theft and transit losses to severe weather and equipment breakdowns, contractors face a variety of risks during the busiest time of year. At Falvey, our inland marine team works closely with brokers and clients to build tailored solutions for your construction needs. Contact the team today to learn more about how we can help keep projects moving forward.
