We start by analyzing a contractor’s unique risks and exposures. We then develop a risk management program accordingly. While insurance is certainly an important component of our process, we place equal emphasis on structuring a contractual risk transfer program that protects our clients and preserves their assets. We also negotiate and maintain surety credit lines on behalf of our clients and advise on non-construction performance guarantees, fidelity insurance programs, and other sources of alternative risk financing.
Specifically, Amsure provides the following risk management and insurance services to contractors:
- Strong relationships with construction insurance carriers
- Insurance program knowledge, negotiations and comparisons including loss sensitive programs, guaranteed cost plans, and captives
- Contractual Risk Transfer Analysis
- Review of Subcontractor Agreements
- Loss Prevention and Claim Cost Containment Programs including:
- Supervisory Safety Training and Development of Formal Safety Programs
- Loss Control Inspections
- Job Site Surveys
- Pre- and Post-accident Investigation Programs
- Driver Training Programs
- Fleet Maintenance Programs
- Return to Work Programs
- Risk Management Training
- Claims Management Services
- 24-hour claim service
- Experience Modification Monitoring and Analysis
- Premium Audit and Classification Reviews
- Participating members of construction industry associations including:
- New York State Association of General Contractors (NYSAGC)
- Eastern Contractors Association (ECA)
- Northeastern Subcontractors Association (NESCA)
- National Association of Surety Bond Producers (NASBP)
We provide the following insurance coverage to our construction clients:
- Blanket replacement cost on buildings and contents
- Loss of Income and Extra Expense (up to 24 months)
- Equipment Breakdown
- Inland Marine
- Contractors Equipment
- Builders Risk/Installation Floater
- Commercial General Liability
- Owners and Contractors Protective (OCP) Liability
- Workers Compensation (including guaranteed cost, loss sensitive and self insurance programs)
- Automobile/Fleet Insurance
- Flood and Earthquake
- Environmental Impairment/Pollution Liability Coverage
- Umbrella/Excess Liability
- Professional Liability/Contractors Errors and Omissions
- Employment Practices Liability
- Fiduciary Liability
- Crime/Fidelity
- Employee Benefits Liability
Our bonding services include, but are not limited to:
- Strong relationships with construction surety carriers
- Negotiate Contract Surety Credit Lines on a per project and aggregate basis
- Maintain Contract Surety Credit Lines
- Review contract bid specifications and advise clients of requirements
- Interact with other client representatives (e.g., legal, banking and accounting advisors) to ensure compliance with surety requirements
- Monitor corporate and personal indemnification agreements and requirements
Our surety and fidelity practice unit provides the following specific bonds:
- Bid
- Performance and Payment
- Subdivision
- Labor and Material
- Financial Guarantee
- Maintenance
- Supply or Installation
- Site Development
- Fidelity
- Court and Litigant