Construction

Helping construction firms manage risk with confidence and clarity.

At BlueStone Advisors, we provide specialized insurance solutions tailored for contractors across various trades.

Our extensive coverage options address the unique risks faced by construction professionals, including general contractors, subcontractors, and specialty trades.

Why It Matters

The construction industry involves a complex array of challenges, from project management to the jobsite. Our expertise ensures that your business is prepared for risks such as job site injuries, equipment damage, and contractual obligations. With over 30 years of experience, we have supported contractors in protecting their assets, workforce, and projects.

Key Risks to Protect Against

Based on claim data compiled by the insurance industry, the unique risks associated with the construction industry are:

The Big Picture

In an increasingly litigious construction landscape, understanding the interconnectedness of project timelines, safety regulations, and client expectations is essential. Our insights into industry trends, contractual liability, and risks empower you to make informed decisions that enhance your operational efficiency and project success.

The Bottom Line

Our comprehensive coverage includes essential options like General Liability, Workers Compensation, Auto, Builders Risk, Equipment, and more. We also offer multiple program structures, including Captives, to meet the size and risk appetite of contractors, ensuring your business is safeguarded against both current and emerging risks. By implementing effective risk management strategies and insurance structures, we help you reduce premiums while promoting a safer work environment.

The Upside for You

With our extensive construction experience and consultative approach, you gain direct access to experts in risk mitigation strategies that protect your business and lower costs. Our dedicated claims handling team ensures prompt support when you need it most, driving down EMRs, while allowing you to focus on delivering quality projects. We work collaboratively to help you navigate challenges like job site accidents and OSHA issues, all while fostering a culture of safety and efficiency.

5 Ways BlueStone Advisors Can Help Limit the Cost of Your Construction Insurance

By focusing on these strategies, brokers can effectively assist construction businesses in managing their insurance costs while ensuring they have the necessary coverage for their operations.

Comprehensive Risk Assessment

Conduct detailed risk assessments to identify potential hazards specific to construction projects. By addressing these risks and implementing safety measures, businesses can lower their risk profile, which may lead to reduced premiums.

Safety Training Programs

Advocate for regular safety training and certifications for employees. A well-trained workforce is less likely to experience accidents, which can result in fewer claims and lower insurance costs.

Experience Modification Rate (EMR) Management

Monitor and manage the company’s EMR, which reflects its safety record. A lower EMR can lead to reduced workers’ compensation premiums. Brokers can assist in understanding and improving EMR through better safety practices.

Policy Customization

Help tailor insurance policies to fit the specific needs of construction projects, ensuring that coverage is adequate but not excessive. This customization can eliminate unnecessary costs and reduce premiums.

Claims Management

Implement effective claims management strategies to minimize the impact of any claims on future premiums. Proactive claims handling can help maintain a positive claims history, leading to lower rates over time.