Contractors hit by liability insurance cost increases

05/17/2004 | MLive.com (Michigan) (free registration)

Contractors in all sectors of the construction industry are being hit with crippling increases in liability insurance premiums, threatening the survival of some builders. Craig Smith, administrator of Oregon's Construction Contractors Board, says as a result of the rate increases, "we're going to lose a lot of small family businesses that aren't putting consumers at risk."

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