Construction Insurance

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Insurance for the Construction Industry

The Mahoney Group has delivered tailored, comprehensive commercial insurance solutions to our clients for more than 100 years. Our Construction and Surety Bonding team understands the risks inherent in your profession and has worked with general and specialty contractors nationwide to help them lower their total cost of risk.

From highways and bridges to sports stadiums and hospitals, we deliver comprehensive risk-management solutions for everything between a single job to multimillion-dollar projects.

Who we serve:

  • General contractors (commercial and residential)
  • Specialty trade contractors
  • Excavators
  • Home builders
  • Roofers
  • Engineers, architects
  • Construction managers

Coverages include:

  • Property and Casualty
  • Contractors Equipment
  • Builders’ Risk
  • Wraps/OCIPs
  • Commercial Auto
  • Professional Liability
  • Pollution Liability
  • Workers’ Compensation
  • Employment Practices Liability
  • Excess/Umbrella Liability
  • Cyber Liability
  • Bonding

The All-Important E-Mod and How to Change It

Getting your e-mod under control takes patience. It does not happen overnight. In fact, because it’s calculated based on several years of data, it can easily take two or more years to begin to see it drop.

Typically, our strategy is to begin holding quarterly meetings with our client to review all claims.

We coach our client on the importance of prompt claims reporting. We also help our clients understand that it is in their best interest to be thorough in helping the insurer gather the facts on a claim. In other words, our client has to become a partner in investigating claims with the insurer.

Here are four more important items you’ll want to consider to help regain control of your e-mod:

  1. If you’re in the construction business – or any business, really – it’s a good idea to start by checking your e-mod score to understand why it is what it is. You’ll want to ask about the data used to calculate your e-mod and whether it is up-to-date and correct. Don’t assume your current insurance brokerage is doing this for you.
  2. You’ll want to be sure you have a sound safety program in place. This includes providing new employee orientations, refresher training, and remedial training as needed. Also, report injuries early, make sure to maintain safety training records for OSHA reporting, and investigate accidents and near-misses.
  3. You’ll need a return-to-work plan. One of the best ways to help an injured employee recover, and to keep your claim costs down, is to offer them modified work tasks. Modified duty may include modifying a worker’s essential tasks, changing work conditions or physically modifying the workplace.
  4. Double-check what the insurance company is telling NCCI about your claim. Insurers will set up a reserve to pay for a claim and will often submit that amount to NCCI rather than the actual, possibly lower amount required to resolve a claim. That can end up causing your e-mod to go up more than it should.

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Press Release Mesa, Ariz., March 23, 2023: The Mahoney Group, one of the largest independent insurance and employee benefits brokerages in the U.S., has acquired a stake in …

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How to Prevent Water Leaks in Your Home

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Tackling Sexual Harassment in the Hospitality Industry

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Case Study: Getting Your Experience Modification Factor Right

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2-minute read THE CHALLENGE: How to fix an insurance company paperwork snafu that was sure to cost our client more than $120,000 immediately and untold thousands of dollars …

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 10 Things Contractors Should Consider in Hiring a Surety Agent

March 19, 2023

3-minute read When contractors are looking for a surety agent, they should consider several factors to ensure they find the right fit for their business. Here are some …

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A Guide to Owner-Controlled and Contractor-Controlled Insurance Programs

March 12, 2023

Insuring all of the risks associated with large-scale construction projects is a complicated business. The typical approach requires each party to procure and maintain separate coverage. Risk is …

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Protecting Your Business from Wildfires: Understanding Your Coverage Options

March 10, 2023

4-minute read Wildfire season will soon be upon us once again. The years 2020 and 2021 were particularly devastating wildfire seasons, with millions of acres lost across the …

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5  Ways to Prepare Your Business for a Recession

March 9, 2023

3-minute read No one knows for sure but it’s safe to say there’s anxiety building again that the U.S. economy could tumble into recession this year. While a …

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Addressing the Mental Health Crisis in the Restaurant Industry

February 17, 2023

5-minute read Restaurant work isn’t as stressful as, say, bomb disposal, being a traffic cop or an emergency-room doc. But it’s not far behind. A report from one …

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Proposed Independent Contractor Rule Would Drive Up Workers’ Compensation Costs

February 7, 2023

5-minute read Business owners could see their workers’ compensation costs ratchet up significantly under a new U.S. Department of Labor rule that would require them to reclassify  independent …

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Get in Touch With a Construction Insurance Professional

 

Contact Christopher Vincent for Exceptional Service
520-784-6682 

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The Mahoney Group Core Values

Service

We serve our employees, clients and business partners with a servant's heart.

Innovation

We deliver solutions that bring value and protection to the clients we serve.

Trust

We are accountable to each other, our clients and business partners. You can rely on us to always do the right thing.

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