IOA’s Contractor Practice is national in scope, representing thousands of clients and nearly $1.5 billion in construction-related volume over the last five years. Our Developer & General Contractor Practice provides specialized risk services that help developers and GCs avoid losses and effectively transfer risk to the appropriate parties.
Policy placement is the easy part. Our extraordinary value to clients occurs when our team:
- Reviews contracts for effective contractual risk transfer as well as for insurance gaps and misplaced liabilities
- Conducts site visits to help managers reduce losses and comply with OSHA
- Vets subcontractors and other sources of potential risk, such as real-time tracking of insurance certificates
- Provides owners with bid load sheets to ensure compliance with contracts
- Partners with expert legal service for claims help
- Reviews program for alternative risk options, such as captives and risk retention groups
- Provides specialized experience-modifier analysis for workers comp
- Provides dedicated IOA claims adjusters and claims portal for real-time access to claims info
In addition to traditional lines of coverage, we have specialists that focus on OCIP and CCIP programs, subcontractor default insurance (SDI), and the placement of builders’ risk. We combine that knowledge with experts in the professional and environmental spaces to serve contractors and developers across the residential and non-residential sectors. Our dedicated bond department has the expertise to underwrite any small to jumbo contractor. Our many specialists are available nationwide to answer questions and give critical advice. It’s a total-team effort to make sure clients’ needs are met.