Marsh USA  

CONSTRUCTION & DESIGN


Marsh is the only leading broker and risk advisor that can support a company and its construction projects from project inception to project completion and beyond. Our specialists understand construction and project management risks and help companies to control their total cost of risk through solutions aimed at deploying capital effectively. By managing costs and processes companies are able to decrease expenses, increase revenues, improve margins, and grow the overall value of their assets and portfolio to make them more successful and competitive.

Construction

Staying competitive and viable amidst the challenges of the construction industry requires the ability to navigate a multitude of industry issues and risks. Marsh’s Construction Practice experts provide focused expertise to help businesses address the complex issues confronting the construction industry today.

We understand the risks organizations face and the challenges they pose to maintaining financial stability, attracting and retaining employees, staying abreast of industry consolidation, managing insurance issues, planning for business continuity, handling supply chain risk, and the myriad additional risks inherent in construction.

Marsh’s Construction Practice provides risk management and insurance services to serve the needs of greater than a thousand construction clients, as well as more than 350 construction projects with total construction values exceeding $107 billion. Our industry expertise allows us to deliver the services and solutions that are relevant to the construction sector.

Our specialists understand construction and project management risks and can help control your total cost of risk through solutions aimed at deploying your capital effectively. Managing costs and processes helps you decrease expenses, increase revenues, improve margins, and grow the overall value of your company’s assets and portfolio to make you more successful and competitive.

We provide clients with comprehensive and timely advice on the risks inherent in their businesses and projects. We deliver practical, innovative, capital-efficient solutions that generate yield and margin growth for our clients. We are supported by Marsh’s global network of specialists, delivering expertise in risk management and insurance placement to help clients identify, quantify, prevent, mitigate, control, and transfer risk.

Marsh takes a consultative approach to understanding each client’s operations, business and growth strategy, financial position and philosophy, and risk tolerance. This allows us to identify and prioritize physical, operational, and financial risks to help lower the cost of risk today — and to anticipate future risk issues.

Our experts design cutting-edge insurance programs to address corporate as well as project-specific risks. They examine each client’s unique circumstances and then deliver the optimal blend of insurance, alternative risk transfer, and retained risk to provide effective protection.

Insurance Program and Design

Our insurance experts can design a program that fits your needs, often starting with typical property and casualty coverage. After assessing your risks and preferences, they discuss the benefits of adding insurance coverage such as environmental liability, professional liability, builders risk, political risk, directors and officers (D&O) liability, cyber risk, terrorism, and more.

Marsh’s experts can also help you analyze the benefits of alternative forms of risk finance and insurance delivery, such as a captive insurer, and then implement them with consulting, administrative and management services.

Surety

Marsh helps clients manage their surety programs to satisfy contractual obligations, protect assets, and support future business needs. Our construction surety experts specialize in complex, large capacity, and international placements.

We help contractors assess the benefits of subcontractor default insurance, and, if needed, implement a program best suited to their risk appetite, project type, and volume. Marsh’s construction benchmarking can help contractors gain a competitive advantage by favorably presenting their financials to their customers, using sophisticated financial scoring.

Construction Project Risk

Marsh helps clients identify and manage the full spectrum of construction risk. We focus on helping you reduce overall project risk rather than simply transferring the responsibility or consequences of risk.

Whether your emphasis is collaboration and risk sharing among all project participants or defining and enforcing individual accountability, we offer solutions for both insurable and uninsurable risk. Our customized solutions are designed with your project’s specific needs in mind and include risk evaluation, loss prevention, loss mitigation, insurance, and other services.

Claim Management

Marsh’s Construction Practice boasts dedicated claims construction resources throughout the United States. We work side-by-side with our clients’ internal resources to effectively minimize the exposures they face every day. Our collaborative approach has helped clients reduce their collateral requirements and improve their experience modification rating, thus gaining a competitive edge.

Subcontractor Financial Scoring and Prequalification

Subcontractor default presents a significant risk. A struggling subcontractor has far-reaching financial and performance consequences for a construction project, including jeopardizing profit margins. A defaulting subcontractor can adversely affect relationships between the contracting parties if the result is a delay in the project. We can help you analyze a subcontractors’ financial situation and provide guidance for managing the risk of subcontractor default.

Risk Consulting

Marsh offers extensive, process-driven strategies and tools customized to manage business and project risks from inception to completion. These include, but are not limited to, loss control and mitigation, supply chain, crisis management, business continuity, and mass tort and complex liabilities.

Construction Consulting

Marsh has the industry expertise and analytical tools to help you manage project risks throughout a project’s lifecycle, and assist in preventing and recovering from project disputes. Our consultants are engineers, architects, project managers, schedule and contract specialists, certified public accountants, and other experts with substantial experience in large capital projects.

Marsh’s experience in construction disputes provides our clients with sophisticated and focused analyses, in addition to practical guidance regarding document limitations, cost, timing, and analytical support to determine the best alternative for the situation. Services include project governance, performance audits, claims and dispute avoidance/resolution, expert testimony, and insurance claim preparation for construction projects.

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Webcast: Building a Solid Foundation: A 101 Class on Environmental Risks During Construction (Replay)
January 24, 2014  |  Views: 13262 |  Comments: 1 
Webcast: Building a Solid Foundation: A 101 Class on Environmental Risks During Construction (Replay)
Our panel of experts provided real-world examples of strategies and tactics clients have used to mitigate environmental exposures.  >>
Court Decision Rejects Problematic Interpretation of Kvaerner
December 20, 2013  |  Views: 8217 |  Comments: 0 
Court Decision Rejects Problematic Interpretation of Kvaerner
Organizations could gain ground in efforts to advocate for insurance coverage around claims of faulty workmanship or defective products.  >>
Proposed Regulation Could Mean Higher Safety Costs for Construction Firms
November 21, 2013  |  Views: 10211 |  Comments: 0 
Proposed Regulation Could Mean Higher Safety Costs for Construction Firms
John Moore quoted in Business Insurance.   >>
Construction Market Update — First Half 2013
November 01, 2013  |  Views: 16974 |  Comments: 0 
Construction Market Update — First Half 2013
Some sectors of the construction industry signs of a sustainable recovery, with pent-up demand overcoming uncertainty and attracting capital to US projects.   >>
Virtual Roundtable: Accounting & Auditing Practices 2013
October 31, 2013  |  Views: 8825 |  Comments: 0 
Virtual Roundtable: Accounting & Auditing Practices 2013
Colin Daigle and Chris Knutson in featured in Corporate LiveWire roundtable.  >>
Risk Management Techniques to Mitigate Delay and Disruption Losses
October 29, 2013  |  Views: 15353 |  Comments: 0 
Risk Management Techniques to Mitigate Delay and Disruption Losses
Article written by Marsh consultants Shon DeVries and Todd Vandenhaak published in Construction Executive e-newsletter.  >>
Small, Midsize Contractor Failures Driving Surety Losses
August 06, 2013  |  Views: 23203 |  Comments: 0 
Small, Midsize Contractor Failures Driving Surety Losses
Drew Brach and Insurance Market Report quoted in Business Insurance.  >>
Additional Insureds:  The Importance of Indemnity and Insurance Provisions in Contracts and Policy Language
July 21, 2013  |  Views: 22491 |  Comments: 0 
Additional Insureds: The Importance of Indemnity and Insurance Provisions in Contracts and Policy Language
Contractual indemnity and insurance provisions and policy language, can indemnify parties in contracts, but care should be taken to define the additional insured’s rights to covera...  >>
Disruption Investigation Leads to Successful Dispute Resolution
June 13, 2013  |  Views: 14444 |  Comments: 0 
Disruption Investigation Leads to Successful Dispute Resolution
Construction consultants save client time, money with speedy settlement.  >>
Airport and Contractor's Looming Dispute Averted
June 13, 2013  |  Views: 14028 |  Comments: 0 
Airport and Contractor's Looming Dispute Averted
Construction consultants' comprehensive schedule and cost review aids in negotiated settlement.  >>
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Construction Project Risk Management for Contractors
Views: 17511 |  Comments: 0  | Article Rating
Construction Project Risk Management for Contractors
Marsh helps contractors identify and quantify the range of risks faced by all participants and promotes a collaborative, team-based approach appropriate for their projects.   >>
Construction Project Risk Management for Owners
Views: 16522 |  Comments: 0  | Article Rating
Construction Project Risk Management for Owners
Marsh helps owners identify and quantify the range of risks faced by all project participants and promotes a collaborative, team-based approach appropriate for their projects.   >>
Health Care Construction Risk Management
Views: 17658 |  Comments: 0  | Article Rating
Health Care Construction Risk Management
Marsh provides access to a highly experienced, nationwide network of risk consultants and brokers who help you to identify and manage health care construction risks.  >>
Subcontractor Default Insurance
Views: 17653 |  Comments: 1  | Article Rating
Subcontractor Default Insurance
Marsh provides you with access to a highly experienced, global network of SDI and surety consultants to procure coverage alternatives for subcontractor default.  >>
Subsecure, A Subcontractor Financial Benchmark Service
Views: 16523 |  Comments: 0  | Article Rating
Subsecure, A Subcontractor Financial Benchmark Service
SubSecure financial benchmarking service can help you review a subcontractor's financial situation and provide guidance for managing the risk of subcontractor default.   >>
Construction Consulting Services
Views: 15872 |  Comments: 0  | Article Rating
Construction Consulting Services
Achieve superior project returns and minimize the risk of disputes through project planning and implementation.  >>
Construction Dispute Advisory Services
Views: 15742 |  Comments: 0  | Article Rating
Construction Dispute Advisory Services
Comprehensive tools and solutions to assist in resolving disputes quickly and efficiently.  >>
Construction Project Advisory Services
Views: 16497 |  Comments: 0  | Article Rating
Construction Project Advisory Services
Better manage the risks inherent in construction while supporting the goals of project planning.   >>
Construction Project Scheduling
Views: 15527 |  Comments: 0  | Article Rating
Construction Project Scheduling
Marsh can help contractors and owners to avoid delays through our Critical Path Methodology schedule advisory services.  >>
Construction Safety 360: A Catalyst For Better Safety Results
Views: 12985 |  Comments: 0 
Construction Safety 360: A Catalyst For Better Safety Results
Completing a construction project on-time and on-budget is the goal for every construction management team. However, any number of factors can cause project delays and overruns, am...  >>
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February 07, 2014  |  Views: 2273
Favorable US Insurance Market Conditions Expected in 2014: Marsh
The ample capacity and competition that helped temper firming of US commercial insurance rates in 2013 is expected to continue into 2014, barring higher than expected catastrophe l...  >>
November 19, 2013  |  Views: 2821
Increased Focus on Safety and Leadership Needed in Construction Industry: Marsh
A spike in construction-related fatalities coupled with a looming labor shortage highlight the need for a renewed focus on safety and leadership within the construction industry, M...  >>
November 15, 2013  |  Views: 2781
Insurance Rates Continue to Rise for US Construction Firms: Marsh
US construction firms on average paid more for their insurance in the first half of 2013 as underwriters continue to seek price increases across the breadth of their contractor por...  >>
May 28, 2013  |  Views: 3520
Chaman Aggarwal Joins Marsh to Lead Energy Construction Practice in US
Under the leadership of Chaman Aggarwal, Marsh will be even better positioned to offer industry-leading expertise and market solutions to help meet clients’ project risk needs and ...  >>
January 30, 2013  |  Views: 6680
Further Firming Expected in US Commercial Insurance Market in 2013: Marsh
US commercial insurance rates are expected to continue firming in many lines of business and industry sectors in 2013 as above average losses, subdued investment returns, and reced...  >>
December 05, 2012  |  Views: 12825
Marsh & McLennan Agency Acquires Brower Insurance Agency LLC
Ohio agency to serve as MMA's midwest hub  >>
August 30, 2012  |  Views: 14155
U.S. Construction Firms Facing Double-Digit Increases for Liability Insurance: Marsh
After nearly a decade of rate declines, insurers are typically seeking to raise rates on umbrella and excess liability insurance of between 8 and 10 percent.  >>
January 30, 2012  |  Views: 13548
Construction Industry Facing More Challenging Commercial Insurance Market in 2012: Marsh
Insurance market conditions for U.S. construction firms will continue to deteriorate in 2012, continuing a trend that began in the second half of 2011, according to a comprehensive...  >>
October 19, 2011  |  Views: 5673
Marsh Webcast October 26—Hot Topics and Innovations in Financial and Professional Liability
The webcast will examine the latest trends in financial and professional liability and the innovations being introduced to address the risks associated with the Foreign Corrupt Pra...  >>
April 27, 2011  |  Views: 6800
First-Quarter Insurance Rate Increases Confined to Loss-Affected Exposures: Marsh
Global Insurance Markets Under Pressure as Atlantic Hurricane Season Approaches Despite record level first-quarter catastrophe losses, insurance rate increases were confined to lo...  >>

Contacts
Mark Reagan
Global Construction Practice Leader
Morristown NJ United States
515 365 1316
mark.reagan@marsh.com
Michael Anderson
U.S. Construction Practice Leader
Philadelphia PA United States
215 246 1294
michael.w.anderson@marsh.com