News

Common Issues in a Failed Business

The reasons behind the failure of a business can vary greatly between industries. 

In the construction industry in particular, businesses are subject to a wide variety of issues that can impact your company.  As surety companies monitored claims over a 10-year period, they could see some common trends in contractor failure.

Identifying stress areas in a business and working to address problems before they are significant is key in protecting your business.

Liberty Mutual’s infographic shows the elements of failure through the eyes of the bonding industry, but then also how to work towards strengthening your business for the future.

Illinois Office

  • 95 N Research Dr
  • Suite 100
  • Edwardsville, IL 62025
  • Mon-Fri: 8am - 5pm
  • phone 618.692.9800
  • toll free 800.556.2663
  • fax 618.692.9865
Directions +

Missouri Office

  • 2236 Mason Ln.
  • Ballwin, MO 63021
  • Mon-Fri: 8am - 5pm
  • phone 314.821.6560
  • toll free 888.868.6560
  • fax 314.821.5779
Directions +