Even the most well-planned construction project has some uncertainties. Equipment may be damaged. Materials may be stolen. Workers may sustain injuries.
Progress may be stalled. Design errors may be found. Need we go on? All of these come with hefty costs. And while insurance is yet another expense, it will protect you from a devastating financial loss if an uncertainty materializes.
Friedle Insurance Agency has placed insurance for large and small construction companies. We’ve helped control their cost of coverage by providing effective safety and risk management. We know what environmental, occupational and financial uncertainties threaten construction projects.
We’ve had years of service for:
- Commercial general contractors
- Commercial subcontractors
- Home builders
- Industrial contractors
- Utility contractors
- Trade contractors
- Street and road contractors
- Public works contractors
Common Construction Coverages Friedle Insurance Agency Handles:
- Surety Bonds
- General Liability
- Workers’ Compensation
- Commercial Auto
- Contractors Pollution
- Professional Liability
- Umbrella Liability
- Owners and Contractors Protective
- Builder’s Risk
- Owner Controlled Insurance Policy (OCIP)/Wrap-up
Safety programs can help control and even lower your insurance costs. Our risk consultant offer jobsite safety training to help reduce the frequency and severity of accidents, thereby reducing claims and improving your loss ratio to minimize increases in your insurance premiums. We also train in OSHA so that when accidents do happen, you have proper record keeping procedures that keep you compliant, thereby helping your company to avoid fines.
Your Experience Modification Rating (EMR) is used to calculate your workers’ compensation premium by comparing your actual losses to your expected losses based on factors like industry and company size. Thus, controlling your EMR is key to controlling your insurance cost. Friedle Insurance Agency will put you in a position of control by reviewing your EMR to ensure accuracy. We’ll also help improve safety programs to reduce your number of losses.
Many construction agreements contain language that can expose you to additional risk that may or may not be insurable. Friedle Insurance Agency will examine the liability you assume in contracts and advise on the options you have to avoid, lessen and transfer liability with changes to contractual language or your insurance policies. We can can also validate your subcontractors’ certificates through our in-house Services to help ensure they meet the insurance stipulations in your contracts. That way, you don’t – and won’t – have undue liability.