Search results for: “Construction”

  • Single-Parent Captives: A Strategic Risk-Financing Tool for Construction Leadership

    A single-parent captive offers construction leadership a strategic alternative. For large construction firms, insurance is not just a line item. It is a material operating expense and a source of earnings volatility. As premiums fluctuate with insurance market cycles, carrier appetite, and industry-wide losses, even the safest contractors with a strong risk management culture can…

  • Construction Project Insurance Protection: A Guide to OCIPs and CCIPs

    Insurance plays a vital role in managing the inherent risks associated with large-scale construction projects.   One of the ways to manage the risk for a project is by the use of a Wrap-Up which is also known as a Controlled Insurance Program or CIP.  A CIP is comprehensive insurance program that is designed to…

  • Construction

    Construction Helping You Build Your Legacy and Reduce Your Exposure to Risk Your organization understands what it means to have a firm foundation. For over a century, McGriff has developed foundational risk strategies for construction clients to safeguard their businesses. Our experienced team of more than 100 construction teammates partners with global, national, and regional…

  • McGriff hires Araujo as Head of Projects/P3s – Construction Risk Management

    DALLAS – McGriff has hired Rafael Araujo as Head of Projects/Public-Private Partnerships (P3s) – Construction Risk Management in its National Construction Practice. Araujo previously served as a senior vice president for another large global broker in its Construction & Infrastructure Practice.  He was responsible for managing and servicing many of the broker’s global contractors with major…

  • McGriff hires Ross, Moriarty to lead National Construction Risk Practice

    November 2, 2022 McGriff has hired Danielle Ross as Head of Construction – Risk Management in its new National Construction – Risk Management practice. Ross brings more than 17 years of experience in the construction industry as an underwriter and broker of complex risk management programs for national and international contractors. She most recently spent…

  • The High Cost of Workplace Complacency in Risk Management: Why Organizations Can’t Afford to Ignore It

    Beyond the direct and indirect financial losses, complacency exacts a heavy toll on the human element—leading to more injuries, lower morale, and even loss of life—and erodes the safety culture that underpins sustainable operational success. As businesses navigate demanding production schedules and challenges in hiring and retaining good employees, complacency remains a hidden but costly…

  • How Subcontractor Default Insurance (SDI) Can Protect Your Project’s Balance Sheet, Timeline and Delivery

    Subcontractor Default Insurance (SDI) is an innovative insurance policy designed to protect general contractors and project owners from the financial impact of subcontractor defaults. Since its debut in 1995, SDI has become a trusted solution for managing subcontractor risk. Why Choose SDI? Top-tier fleets are being affected by: Comprehensive Protection: SDI covers both direct and…

  • Navigating Pollution Liability Exposures: Strategies for Effective Risk Management

    Pollution incidents—chlorine leaks at hotel pools, dust from construction sites, chemical releases in manufacturing, etc.—pose significant safety and liability challenges across many industries, including hospitality, construction, manufacturing, healthcare, transportation, and agriculture. The scenarios above highlight the critical need for organizations of all sizes and across all sectors to integrate pollution risk management into their safety…

  • Insurance Insights for Unmanned Aerial Vehicles

    The use of unmanned aerial vehicles (UAVs), typically referred to as drones, has become increasingly instrumental in a wide range of sectors, including construction, energy, real estate, and government contracting operations. As a result, the need for specialized insurance continues to grow. How Government Contractors Use Drones Many of today’s government contractors use drones as…

  • Client Advisory: Insurance Strategies For Renewable Energy Tax Credits

    Combining Tax Insurance and Business Interruption Insurance To Achieve Tax Credit Qualification and Quantification Certainty It’s hard to believe that more than a year has passed since the Inflation Reduction Act (IRA) was signed into law. The climate-related impacts of this sweeping legislation are certainly already being felt. Significant investments from a broader investor pool are…