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Overview

Insurance coverage should not be overlooked, especially within the construction industry. Understanding which types of coverage and policy limits could most benefit your company is crucial.

Brown Smith Wallace does not sell insurance. We work as part of your risk management team to help craft the best solutions and evaluate your options and identify gaps in coverage or areas with insufficient coverage for you to address. Many organizations overpay for insurance, and the construction industry is not immune. While some don’t have the time or expertise to perform their own insurance plan review, others have simply not found the appropriate outside professionals for the job. Our independent insurance consulting experts provide an impartial insurance review to help you implement a more economical solution for your needs. Our independent insurance review includes:

  • Bonds
  • Workers’ compensation
  • Medical benefits
  • Pollution liability
  • Directors and officer liability
  • General liability
  • Business interruption
  • Captive insurance companies

If our independent review indicates that a captive insurance company might be feasible, we can perform a comprehensive insurance analysis to discover if a captive is right for you. A captive covers self-insured liabilities and can provide your company with additional tax benefits if it is structured to the regulatory criteria. If interested, we can work with you to tailor a captive to your insurance needs.

Another option for your construction company might be a Contractor Controlled Insurance Program (CCIP). We can provide the appropriate analysis to determine if this is a good option for your construction company.

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