236220

Commercial and Institutional Building Construction

Cyber Liability Insurance for NAICS 236220

CYB

Ranked reasons a business in NAICS 236220, Commercial and Institutional Building Construction, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.

  1. 01

    Pay applications and draws move seven figures monthly.

    • Payment applications settle large sums to many subcontractors each month.
    • Banking details arrive and change by email across dozens of vendors.
    • One diverted payment must be funded twice.
    ASK
    How are changes to subcontractor banking details verified before payment?
  2. 02

    Coordinated models drive fabrication for every trade.

    • Building models coordinate structure, mechanical, electrical, and plumbing before fabrication.
    • Trades fabricate off that coordinated model.
    • Work built to a superseded model does not fit and is torn out.
    ASK
    How are model revisions controlled and issued to your trades?
  3. 03

    Liquidated damages run daily against the completion date.

    • Contracts assess damages for every day past substantial completion.
    • Schedules, submittals, and inspections are managed in project software.
    • Days lost to a systems failure are charged directly to you.
    ASK
    What are the liquidated damages per day on your current projects?

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