Construction Risk Management

Helping You Build Your Legacy and Reduce Your Exposure to Risk

Your organization understands what it means to have a firm foundation. For over a century, McGriff has developed foundational risk strategies for construction clients to safeguard their businesses. Our experienced team of more than 100 construction teammates partners with global, national, and regional companies in all sectors of the industry.

Our Expertise

We develop creative and innovative solutions for:

General contractors
Infrastructure and P3s
Specialty trades
Highway and civil contractors

A Program Designed to Fit Your Needs

Just as design is important to a construction project, program design is vital to a successful risk management program. Our combination of innovative and traditional risk management strategies lead to the most cost-effective solutions for our clients.

Your unique challenges depend on creative and innovative solutions. We have highly experienced construction risk management professionals in these areas:

Legal
Claims
Loss control
Actuarial services
Placement and structure recommendations
Alternative risk solutions
Total cost of risk

Bonding & Surety Services

As one of the largest surety practices in the U.S., McGriff has the knowledge and experience to deliver excellent service, competitive pricing, and the most favorable terms and conditions.

Many of our Surety specialists are former underwriters with expertise in placing programs for several industries.
Subcontractor Default Insurance (SDI): Since its inception in the late 1990s, McGriff has been heavily involved in the development, placement, and evolution of innovative SDI programs.
Subcontractor Prequalification/Risk Mitigation Consulting: Our partnership with TradeTapp delivers a best-in-class subcontractor prequalification platform—one that empowers our clients to expand the scope of subcontractor risk analysis, identify and mitigate risk earlier in the preconstruction process, and make better risk mitigation decisions.

Learn More

Alternative Risk Solutions & Captives

A Captive Insurance program is often an effective strategy to help contractors achieve their risk management and financial goals. Captive programs (single entity, group and sponsored cell captives) offer several advantages, including:

More control over claims management
Underwriting and investment income opportunities
Alternative risk control strategies
Long-term, construction-focused solution for managing insurance costs

Learn More

Controlled Insurance Programs (CIPs)

Also known as “Wrap-Ups,” CIPs are commonly used on major construction projects. In a traditional program, contractors, subcontractors, construction managers, and owners all provide their own separate insurance. A CIP on other hand allows the sponsor (either an owner or a general contractor) of a large construction project to purchase comprehensive general liability and/or workers’ compensation insurance that covers the owner, contractors, and subcontractors for the length of the project, plus up to an additional 10 years.

When the sponsor controls the insurance purchasing, they can provide broad and uniform coverage with high liability limits for all contractors and subcontractors under a master program.

Claims Consulting

We know that claims dollars are a primary factor affecting insurance premiums, indirect costs, and ultimately, profitability. Our claims management solutions mitigate claims costs and help lower the total cost of risk.

Learn More