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.