Construction Insurance

Build your field of dreams with confidence.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

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.

2023 Construction Industry Insurance Benchmark Report

December 5, 2022

The latest survey of hundreds of insurance brokerages serving the construction industry offers fresh insights on the lines of insurance their clients are buying, the limits and deductibles. …

2023 Construction Industry Insurance Benchmark Report Read More »

Inflation, Natural Disasters Drive Insurance Rates Higher  

November 21, 2022

3-minute read Inflation, massive hurricanes, and flooding. All played a role in once again driving up premiums for a mix of business insurance policies in the third quarter, …

Inflation, Natural Disasters Drive Insurance Rates Higher   Read More »

Employers Increasingly Turning to Cancer Centers of Excellence

November 9, 2022

3-minute read It’s a staggering and sad reality: cancer patients today are more worried about the cost of their cancer care than dying from the disease. They needn’t …

Employers Increasingly Turning to Cancer Centers of Excellence Read More »

Harvard Gets Schooled on Claims Notice Deadlines

November 2, 2022

4-minute read Doing things on time. Most of us understand the importance of that, and we try not to make lame excuses when we bust a deadline. Harvard, …

Harvard Gets Schooled on Claims Notice Deadlines Read More »

The Holidays are Upon Us! Watch Out for the Liability

October 25, 2022

5-minute read ‘Tis the season for holiday parties and not to sound like the Grinch, but whether at the office or at home, any host needs to know …

The Holidays are Upon Us! Watch Out for the Liability Read More »

Why Artisan Contractors Need Their Own Insurance

October 4, 2022

4-minute read The old saw – pun intended – among carpenters is measure twice, cut once. In other words, act with care to avoid errors and waste. If …

Why Artisan Contractors Need Their Own Insurance Read More »

A Business Insurance Policy for When Recessions Hit

September 29, 2022

3-minute read Economic storm clouds are everywhere, and any questions about recession tend to focus on the extent of damage expected, rather than if we’re in a downturn …

A Business Insurance Policy for When Recessions Hit Read More »

Case Study: The Second Opinion That’s Saving Lives

September 26, 2022

3-minute read THE CHALLENGE: “Mark Lamb ought to be dead.” That was the opening sentence in the 2022 “White Mountain Independent” article on Mark’s life-threatening health scare and …

Case Study: The Second Opinion That’s Saving Lives Read More »

10 Things to Know About Owner-Controlled Insurance Programs (OCIPs)

September 26, 2022

5-minute read Whether it’s hundreds of homes or thousands of apartment units, a large real estate development project can carry great rewards – and great risk. Wrap-up programs, …

10 Things to Know About Owner-Controlled Insurance Programs (OCIPs) Read More »

Suns Owner Robert Sarver Makes the Case for Employment Practices Liability Insurance

September 19, 2022

5-minute read The NBA’s $10 million fine against Phoenix Suns owner Robert Sarver was the maximum allowed by the league and is doubtlessly the tip of the iceberg. …

Suns Owner Robert Sarver Makes the Case for Employment Practices Liability Insurance Read More »

Get in Touch With a Construction Insurance Professional

 

Contact Christopher Vincent for Exceptional Service
520-784-6682 

"*" indicates required fields

Name*
Areas of Interest*
This field is for validation purposes and should be left unchanged.

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.

Scroll to Top