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As the situation in Ukraine evolves, businesses should be mindful of potential risks to their people, assets, operations, or supply chains in the region and globally. Marsh, as part of the Marsh McLennan family of companies, has created a page with information, tools, and resources related to the Russia-Ukraine conflict. Please visit the page for the latest information.

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Construction

Our broad and deep knowledge of the construction industry enables us to design risk management strategies optimized for your business.

The construction industry is filled with risks—choosing an insurance and risk management partner shouldn’t be one of them.

Drawing on our deep well of construction industry experience, our professionals understand what makes your company’s risk profile unique. Our construction practice delivers value by providing smart business solutions designed to proactively manage risk, take advantage of opportunities, and meet emerging needs. Here are some of the specific ways we’re able to help you meet the challenges of your business:

  • Subcontractor and supplier performance risk 
  • Project financing and innovative delivery methods
  • Contract review
  • Compliance
  • Government contracting
  • Design and professional liability

Construction Industry Services

With extensive construction risk management experience, our full range of services can help you reduce exposures, mitigate losses, cut costs, and improve your cash flow.

Property and Casualty

For our full suite of property and casualty solutions, visit our P&C products page here.

Surety Bonding

Marsh McLennan Agency is known for solving complex surety challenges on a moment’s notice and our experience, market presence, and tenacious approach have benefitted thousands of contractors from coast to coast.

Environmental Consulting and Risk Transfer

Our environmental team helps organizations identify, quantify, manage, and mitigate complex environmental risks.

Workers’ Compensation

Workers’ compensation is one of your largest expenses and our technical experts will conduct a thorough claims analysis to ensure your experience modification rate (EMR) is accurate.

Risk Reduction Techniques and Training

We look beyond just preventing accidents and strive to help you develop safe, efficient work environments, increase awareness of safety issues within your organization, and help you maintain quality, production, and profitability for your business.

Claims Advocacy and Management

When an accident occurs, you can trust our claims management experts to help you achieve a prompt resolution.

Benchmarking & Data Analytics

We help our clients better understand their risks, evaluate alternatives, and ultimately reach the best decisions with the data and analyses to back them up.

Captive Solutions

Marsh McLennan Agency’s Group Captive Practice has helped many organizations create or join group captives to gain more control over their insurance expenses.

Health Management Solutions

We can help your company increase productivity, improve morale, and significantly reduce health insurance and medical costs.

Controlled Insurance Programs, OCIP vs CCIP, Wrap-ups

Controlled insurance programs (CIPs), or “wrap-ups” are a type of insurance purchased by a single entity for large or complex construction projects. The benefits of CIPs include greater control of coverage scope, reduced litigation, and potentially lower insurance costs.

Tailored Coverages for Trade Contractors

  • Concrete and Foundations
  • Mechanical and Plumbing
  • Electrical/Data
  • HVAC/Sheet Metal
  • Masonry
  • Municipal/Utilities
  • Painting & Industrial Coatings
  • Flooring
  • Street and Road/Bridge
  • Excavating and Grading
  • Waterproofing and Restoration
  • Carpentry/Roofing
  • Environmental/Demolition
  • Drywall
  • Steel Fabrication/Erection
  • Artisan Trades

Meet Mike, a specialist in construction risk.

Mike Piscitelli

Client Service Representative
Clearwater, FL

Learn More

Marsh McLennan Agency Alliances

We've united with several notable associations.

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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.

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