Construction & Surety

Amsure is a leading professional advisor in the areas of construction risk management, insurance and contract surety bonds.

We start by analyzing a contractor’s unique risks and exposures. We then develop a risk management program accordingly. While insurance is certainly an important component of our process, we place equal emphasis on structuring a contractual risk transfer program that protects our clients and preserves their assets. We also negotiate and maintain surety credit lines on behalf of our clients and advise on non-construction performance guarantees, fidelity insurance programs, and other sources of alternative risk financing.

Specifically, Amsure provides the following risk management and insurance services to contractors:

  • Strong relationships with construction insurance carriers
  • Insurance program knowledge, negotiations and comparisons including loss sensitive programs, guaranteed cost plans, and captives
  • Contractual Risk Transfer Analysis
  • Review of Subcontractor Agreements
  • Loss Prevention and Claim Cost Containment Programs including:
    • Supervisory Safety Training and Development of Formal Safety Programs
    • Loss Control Inspections
    • Job Site Surveys
    • Pre- and Post-accident Investigation Programs
    • Driver Training Programs
    • Fleet Maintenance Programs
    • Return to Work Programs
  • Risk Management Training
  • Claims Management Services
  • 24-hour claim service
  • Experience Modification Monitoring and Analysis
  • Premium Audit and Classification Reviews
  • Participating members of construction industry associations including:
    • New York State Association of General Contractors (NYSAGC)
    • Eastern Contractors Association (ECA)
    • Northeastern Subcontractors Association (NESCA)
    • National Association of Surety Bond Producers (NASBP)

We provide the following insurance coverage to our construction clients:

  • Blanket replacement cost on buildings and contents
  • Loss of Income and Extra Expense (up to 24 months)
  • Equipment Breakdown
  • Inland Marine
  • Contractors Equipment
  • Builders Risk/Installation Floater
  • Commercial General Liability
  • Owners and Contractors Protective (OCP) Liability
  • Workers Compensation (including guaranteed cost, loss sensitive and self insurance programs)
  • Automobile/Fleet Insurance
  • Flood and Earthquake
  • Environmental Impairment/Pollution Liability Coverage
  • Umbrella/Excess Liability
  • Professional Liability/Contractors Errors and Omissions
  • Employment Practices Liability
  • Fiduciary Liability
  • Crime/Fidelity
  • Employee Benefits Liability

Our bonding services include, but are not limited to:

  • Strong relationships with construction surety carriers
  • Negotiate Contract Surety Credit Lines on a per project and aggregate basis
  • Maintain Contract Surety Credit Lines
  • Review contract bid specifications and advise clients of requirements
  • Interact with other client representatives (e.g., legal, banking and accounting advisors) to ensure compliance with surety requirements
  • Monitor corporate and personal indemnification agreements and requirements

Our surety and fidelity practice unit provides the following specific bonds:

  • Bid
  • Performance and Payment
  • Subdivision
  • Labor and Material
  • Financial Guarantee
  • Maintenance
  • Supply or Installation
  • Site Development
  • Fidelity
  • Court and Litigant