Insurance Fraud in the Construction Industry: Common Schemes, Risks and Prevention Strategies 5 min read
Insurance fraud is not a victimless crime. It increases costs, creates legal problems, and can threaten the financial health of a business. The Coalition Against Insurance Fraud estimates that insurance fraud costs the United States about $308.6 billion each year—roughly $932 per person. For contractors and other labor-intensive businesses, the risks can be especially complex. […]