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Construction

Giving your organization a strong foundation.

Your organization is building the future. But who helps you thrive? From attracting skilled labor and succession planning to materials pricing and availability, it's no secret you have your fair share of challenges within the construction industry. To help tackle these, our specialized team will work with you to tailor construction insurance, employee benefits, and retirement services. We build indispensable partnerships with all types and size of construction companies, including:

  • General contractors
  • Specialty contractors
  • Construction management firms
  • Architecture and design firms
  • Engineering firms
  • Real estate developers/owners
  • Material suppliers
  • Equipment lessors

Construction industry solutions

You need things on track from day one when you're an owner, general contractor, or sub-contractor. Whether through construction coverage that hits every nail on the head or our other full range of solutions, we’ll help you reduce exposures, mitigate losses, cut costs, and improve your cash flow.

Workforce management

Support your employees’ mental health and total well-being, giving them effective tools on and off the job site, so they can power your organization forward.

Surety bonds

With surety professionals in all 50 states, we can help safeguard your projects with all your surety bonding needs.

Environmental consulting and risk transfer

Identify, manage, and transfer your environmental risk, giving your construction business holistic coverage solutions.

Captives and alternative risk solutions

Our captives and other alternative risk solutions will help you gain better control of your construction insurance, and greater efficiency with your financial resources.

Claims advocacy and management

Whether it's advocacy, consultation, or review oversight, you deserve a claims management team that stabilizes your costs.

Risk management

Lower workers’ compensation expenses and ensure an accurate experience modification rate with robust risk solutions.

Builders risk

Safeguard your investment and help mitigate potential financial losses with builder’s risk insurance. Our Builder’s Risk Panel protects your projects under construction or renovation against risks like fire, theft, vandalism, and natural disasters.

Subcontractor default insurance

We protect our clients from financial losses caused by subcontractor defaults. “SDI” covers the costs of finding replacement subcontractors, completing unfinished work, and any resulting delays or disruptions.

OCIPs, CCIPs, and wrap-ups

Consolidate insurance coverage, streamline claims handling, and provide cost savings for all parties involved, using owner-controlled or contractor-controlled insurance programs for large, complex projects.

Meet Mike, a specialist in construction risk.

Mike Piscitelli

Client Service Representative
Clearwater, FL

Learn More

Marsh McLennan Agency Alliances

Associated Builders and Contractors, Inc.

Associated General Contractors

American Subcontractors Association

Contruction Financial Management Association

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Frequently Asked Questions

Construction can be dangerous. Even if you’re doing everything right, your business might still be exposed. You should invest in the right coverage lines and risk control to help protect your business from financial losses and comply with regulations.

General liability insurance covers an array of third-party claims for bodily injury or property damage caused by your employees during construction. It’s usually best to combine that coverage with builders’ risk and contractors’ errors and omissions insurance to potentially address additional incidents such as design errors, structural damages, or natural disasters.

Depending on your company’s size and specialization, dedicated contractors’ pollution liability coverage may protect you from claims after environmental damages, either during transport or at the construction site.

Outside of these industry-specific incidents, you should follow general best practices in business and invest in workers’ compensation and commercial auto policies. That way, the expenses from accidents or lost wages may not affect your bottom line.

Construction insurance is just an umbrella term for a wide range of policies, so you’ll need to mix and match different options to reflect your unique business needs.

While it’s crucial to be aware of the potential losses that property damage can cause for your construction business, you should always view your operations holistically. That means accounting for every independent contractor, just like professional liability insurance does—not to mention more modern threats like cyberattacks.

The construction sector is certainly more prone to accidents than other industries, but even a natural disaster never translates to the need for flood insurance alone. It often comes with hidden problems and costs for you and your staff.

To ensure you’ve considered everything from vandalism to employee benefits, contact a Marsh McLennan Agency consultant.

Policies like professional liability, workers’ compensation, or commercial property insurance are common outside of construction, so the basic principles remain the same. That said, it’s crucial to consider the scope of damages unique to construction companies’ needs and find dedicated coverage options for the industry.

An insurance package that specifically reflects the liability and claim profile of a new construction project will account for the equipment involved, materials used, and special cases of liability. Industry-specific insurance will also help you follow regulations and include higher coverage limits for complex contractual relationships and high-value equipment.

A Marsh McLennan Agency consultant might find the right insurance package for your company with coverage that may be more comprehensive than a general-purpose policy. Thanks to our industry knowledge and experience with the needs of a construction company, it may be more cost-effective compared to the broad offerings on the market.

Outside of industry-specific coverage lines, you need an insurance partner familiar with the construction industry. We tailor a range of services to your needs.

Our Mental Health Toolkit offers specific assessments for the construction industry related to job site culture, employee communication, prevention and awareness, and more. We also provide solutions around prevailing wages to contribute to our clients’ competitive talent strategy.

Financial stress keeps workers from focusing on the task at hand, particularly in blue-collar jobs. We provide retirement consulting and advisory solutions from employer retirement plans and financial well-being to asset management. This helps alleviate the stress of retirement for the aging workforce.

From excess liability to executive management liability, Marsh McLennan Agency will fine-tune specialty solutions and personalized services to protect your wealth and safeguard the people you value the most.

Meet a construction specialist.

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