237990

Other Heavy and Civil Engineering Construction

Cyber Liability Insurance for NAICS 237990

CYB

Ranked reasons a business in NAICS 237990, Other Heavy and Civil Engineering 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

    Payment depends on documentation the agency accepts.

    • Certified payrolls, submittals, and test results are required for progress payment.
    • Agencies withhold payment until documentation is complete.
    • Missing records stop payment on work already done.
    ASK
    What certified payroll and submittal documentation do your contracts require?
  2. 02

    Survey and design models control what gets built.

    • Design models load into machine control and set finished grades and elevations.
    • The model is the specification once work begins.
    • A wrong model builds work that must be removed and redone.
    ASK
    How are your survey and design models loaded and verified?
  3. 03

    Progress payments and subcontractor payments are targeted.

    • Large periodic payments move between owner, you, and subcontractors.
    • Banking instructions arrive and change by email.
    • One diverted payment must be funded twice.
    ASK
    How are changes to subcontractor banking details verified before payment?

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