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Construction & SURETY


We work closely with you to help determine the best course of action for your specific needs.  Once implemented, we monitor your insurance plan’s effectiveness and adjust accordingly as needed.  We want you to have the right coverage for every aspect of your construction project; from planning through construction and beyond.

 

 

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Construction & SURETY


We work closely with you to help determine the best course of action for your specific needs.  Once implemented, we monitor your insurance plan’s effectiveness and adjust accordingly as needed.  We want you to have the right coverage for every aspect of your construction project; from planning through construction and beyond.

 

 


Project-Specific Programs

Big projects can often leave big holes in coverage. With so many moving parts, we make it simple to make sure you're completely insured. We specialize in assembling custom project-specific programs (often called "mini-wraps") to meet the unique needs of each development. In addition to P&C, various alternative risk products are included to protect all aspects of the project.


Builder's Risk Insurance

With each phase of development bringing new challenges and risks, every contractor should be properly insured. A builder's risk policy is designed to cover property in the course of construction. By tailoring your coverage around your specific plans and needs, we optimize your coverage and make sure you are protected for the duration of your project while only paying for the coverage you actually need.


Wrap-Ups

Whether owner-controlled (OCIP) or contractor-controlled (CCIP), Wrap-Ups effectively cover all or a majority of the parties involved, rather than requiring each participant to be responsible for the procurement of their own insurance. They typically provide general liability insurance, workers comp. and excess liability coverage for the length of a project or on a “rolling” basis by aggregating jobs.

 

Subcontractor Defaults

Subcontractor defaults can not only derail the completion of your project but they can cause financial havoc for both the general contractor and the owner. Designed as an alternative to bonding, default insurance compensates the insured in the event a contractor fails to fulfill its contractual obligations. This solution allows you to cover a contractor's default without going out of pocket.


Railroad Protective (RRP)

Doing a job on or near the railroad right-of-way?  Railroad Protective Liability (RRP) insurance is required of contractors who perform work within 50 feet of any railroad-owned property. This coverage is purchased for the benefit of the railroad, solely apply to operations while in progress and are site specific.  The coverage also provides protection for the acts or omissions of the railroad.


Owners & Contractors Protective

Are you covered for claims arising from independent contractors such as design professionals? Owners & Contractors Protective policies provide coverage for a construction project owner's exposure to liability for negligent work on the project. Unlike a project liability policy the project owner is the named insured in case of inadequate coverage by the contractor.

 

Surety



Performance bond

Satisfy public job requirements and/or put private job stakeholder concerns at ease by procuring a performance bond.  Many public jobs, as well as certain private jobs, require a contractor to have a performance bond. A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee that the contractor will perform the work in accordance with the construction contract.  Increase your bonding capacity today and win more jobs.

 


BID BOND

Get your foot in the door by getting a bid bond so you can bid on bonded work. Used in conjunction with the construction bidding processes. The bid bond acts as a guarantee that, if awarded the contract based on the bid submitted, the contractor will enter into a contract to perform the work at the price quoted. If the contractor declines to enter into a contract to perform the work at the agreed-upon price, the bid bond will reimburse the owner or general contractor the difference between the defaulting contractor's bid and the next lowest bid, up to the amount of the bond.


PAYMENT BOND

Suppliers and subcontractors might require a general contractor to have a payment bond to guarantee they will be paid for materials and labor furnished to the contractor. The owner's purpose in requiring a payment bond is to guarantee that the project will be delivered free of liens. Let us quickly procure payment bonds as well as all other types of surety bonds including maintenance and supply bonds on your behalf, at competitive prices, in order to meet all of the bond requirements on your jobs.