Construction

Because of its tight profit margins and the highly competitive business model, the construction industry has been hit particularly hard by volatility in the insurance marketplace, both in terms of product availability and rising costs. At Pipino, we understand the unique challenges you face. Our approach creates an infrastructure that emphasizes efficiency and control — ultimately helping you to better manage your total cost of risk. The changing complexity of construction projects often means the magnitude of risk involved for owners and contractors may increase as the project progresses. At Pipino, our trained team of specialists recognizes this potential and responds by providing new solutions and then adapting your insurance and risk management program accordingly. In addition to traditional insurance programs for construction exposures, Pipino has expertise in the design and on-going administration of Owner Controlled Insurance Programs (OCIPs) and Contractor Controlled Insurance Programs (CCIPs). Our services include:

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• Selecting the appropriate type of program by determining your appetite for risk, allocation of capital resources and any/all unique circumstances surrounding your project
• Assembling all underwriting information, directing the carrier marketing process and securing competitive bids for your coverage
• Evaluating the relevance of alternative risk strategies and their application within your program
• Creating and maintaining a proprietary claims management program and relational database for up-to-date and comprehensive claims information
• Providing on-going trend analysis and benchmark reporting for the client’s senior level management
• Implementing industry-specific safety and loss control engineering to reduce exposure and lower the overall cost of risk
• Conducting insurance policy audits and asset risk assessments for potential acquisitions
• Completing contract reviews for insurance language compliance
• Monitoring third-party relationships through Certificate of Insurance tracking and reporting
• Structuring Owner Controlled Insurance Programs (OCIP’s) and Contractor Controlled Insurance Programs (CCIP’s) for your construction exposures and monitoring their ongoing operation.

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