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: Where is the Construction Insurance Market Headed? (Replay)
February 22, 2012  |  Views: 470 |  Comments: 0 
Webcast: Where is the Construction Insurance Market Headed? (Replay)
Marsh experts Mark Reagan and Michael Anderson provided an overview on the state of the U.S. construction insurance market based on key findings from the recently released 2012 U.S...  >>
Marsh Insights: Energy Market Monitor November 2011
November 07, 2011  |  Views: 1509 |  Comments: 0  | Article Rating
Marsh Insights: Energy Market Monitor November 2011
There is no doubt that we have entered into a period where the energy market is more challenging, more difficult to read.   >>
Managing and Optimizing Litigation Costs
October 10, 2011  |  Views: 887 |  Comments: 0  | Article Rating
Managing and Optimizing Litigation Costs
In its August 1, 2011 edition, Engineering News-Record featured Marsh Risk Consulting's Reza Nikain's perspective on managing litigation costs.  >>
Marsh Insights: U.S. Contract Surety Issues in 2011
August 24, 2011  |  Views: 897 |  Comments: 0  | Article Rating
Marsh Insights: U.S. Contract Surety Issues in 2011
The latest issue of Marsh Insights: U.S. Contract Surety  Issues in 2011 provides an analysis of current risk issues affecting the Surety marketplace.   ...  >>
Contingent Business Interruption or Supply Chain Insurance?
August 19, 2011  |  Views: 2660 |  Comments: 0  | Article Rating
Contingent Business Interruption or Supply Chain Insurance?
Duncan Ellis, Marsh's Property Practice leader, discusses the difference between contingent business interruption and supply chain insurance coverage.  >>
Webcast: Windstorms, Earthquakes, Floods: Using Catastrophe Modeling to Strategic Advantage (Replay)
May 19, 2011  |  Views: 1370 |  Comments: 0  | Article Rating
Webcast: Windstorms, Earthquakes, Floods: Using Catastrophe Modeling to Strategic Advantage (Replay)
Listen to the replay of our May 18, 2011, New Reality of Risk Webcast.  >>
Risk Spotlight: CAT Models and the New Normal
May 02, 2011  |  Views: 2733 |  Comments: 0  | Article Rating
Risk Spotlight: CAT Models and the New Normal
Gathering the best data possible, presenting it to insurers, and understanding the models are critical pieces of an organization’s property insurance program.  >>
Risk Spotlight: Managing Supply Chain Resiliency in an Increasingly Risky World
April 18, 2011  |  Views: 3528 |  Comments: 0  | Article Rating
Risk Spotlight: Managing Supply Chain Resiliency in an Increasingly Risky World
Although it's tempting to categorize the recent earthquake/ tsunami/nuclear catastrophe in Japan as a highly improbable "Black Swan" event, the truth is that organizations operatin...  >>
Sustainability: The Changing Climate of Risk
March 30, 2011  |  Views: 844 |  Comments: 0 
Sustainability: The Changing Climate of Risk
This white paper is intended to be a catalyst not only for discussion around the risk issues raised by a changing climate, but also to serve as a guide to executives on how they ca...  >>
An Integrated Approach to Controlling Workers' Compensation Costs
March 02, 2011  |  Views: 2101 |  Comments: 0  | Article Rating
An Integrated Approach to Controlling Workers' Compensation Costs
Employers can help to minimize workers’ compensation risk by improving their hiring processes, safety programs and procedures, and claims management.  >>
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Construction Project Risk Management for Contractors
Views: 1120 |  Comments: 0 
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: 989 |  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: 975 |  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: 1061 |  Comments: 0  | 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: 1086 |  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.   >>
Benchmarking Services
Views: 2927 |  Comments: 0  | Article Rating
Benchmarking Services
The Benchmarking Portal's rapidly growing database contains information on nearly 115,000 insurance policies covering $US75 billion in premium placements.  >>
Construction Consulting Services
Views: 271 |  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: 621 |  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: 1174 |  Comments: 0  | Article Rating
Construction Project Advisory Services
Better manage the risks inherent in construction while supporting the goals of project planning.   >>
Construction Project Risk Consulting
Views: 1349 |  Comments: 0  | Article Rating
Construction Project Risk Consulting
Marsh provides access to a highly experienced, global network of risk consultants and brokers to help clients to identify and manage the full spectrum of construction risk.  >>
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U.S. Insurance Market Report 2012: Construction
January 30, 2012  |  Views: 510 |  Comments: 0 
U.S. Insurance Market Report 2012: Construction
The economy remains a major concern for the construction industry.  >>
U.S. Insurance Market Report 2012: Surety
February 03, 2012  |  Views: 325 |  Comments: 0  | Article Rating
U.S. Insurance Market Report 2012: Surety
The surety line is set to once again be highly profitable for 2011, reporting strong profits on historically low direct loss ratios of less than 20 percent.  >>
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Global Regulatory and Tax Changes to Affect Multinational Companies
March 14, 2011  |  Views: 1583 |  Comments: 0  | Article Rating
Global Regulatory and Tax Changes to Affect Multinational Companies
Multinational companies are demanding greater adherence to insurance and premium tax compliance regulations, as they face enhanced scrutiny from governmental bodies.  >>
Multinational Companies Benefit from Soft Market but Face Regulatory Compliance, Taxation Challenges
March 11, 2011  |  Views: 1485 |  Comments: 0  | Article Rating
Multinational Companies Benefit from Soft Market but Face Regulatory Compliance, Taxation Challenges
The global regulatory environment has hanged substantially, particularly in relation to insurance requirements and premium taxes changes.  >>
Soft Commercial Insurance Market Conditions Expected to Persist in Fourth Quarter of 2010
November 19, 2010  |  Views: 1410 |  Comments: 0  | Article Rating
Soft Commercial Insurance Market Conditions Expected to Persist in Fourth Quarter of 2010
Soft commercial insurance market conditions are expected to persist through the fourth quarter of 2010, according to preliminary rate information published last week by Marsh.  >>
Court Ruling May Affect Open and Closed Workers' Compensation Claims
October 05, 2010  |  Views: 1338 |  Comments: 0  | Article Rating
Court Ruling May Affect Open and Closed Workers' Compensation Claims
The Sixth Appellate District of the Court of Appeal of the State of California affirmed a ruling last month that physicians are not limited to the strict application of the AMA Gui...  >>
Largest-Ever Punitive Damages Award in Employment Practices Case Highlights Need for Liability Insurance
June 14, 2010  |  Views: 2357 |  Comments: 0 
Largest-Ever Punitive Damages Award in Employment Practices Case Highlights Need for Liability Insurance
A recent ruling by the U.S. District Court for the Southern District of New York, in which the court awarded $250 million in punitive damages in an employment practices liability (...  >>
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January 30, 2012  |  Views: 417
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: 938
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: 2832
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...  >>
March 16, 2011  |  Views: 914
Marsh Expands U.S. Construction Practice
As part of its commitment to address the challenging risk issues facing the construction industry, Marsh, today announced the appointment of two veteran insurance brokers to its U....  >>
March 07, 2011  |  Views: 1172
Marsh Webcast — Developing an Integrated Approach to Workers' Compensation
As employers seek to manage escalating workers' compensation claims costs, Marsh will hold a one-hour Webcast on March 9 at 11 a.m. Eastern Time to explore the benefits of an integ...  >>
February 17, 2011  |  Views: 1681
Risk & Insurance® Power Brokers® Issue Honors 46 Marsh Insurance Brokers
Risk & Insurance® magazine has named 46 Marsh colleagues as Power Broker® winners and finalists in its annual issue recognizing the industry’s best for their creativity, problem-so...  >>
January 26, 2011  |  Views: 1710
Soft Commercial Insurance Market Conditions Set to Continue into 2011: Marsh
Soft commercial insurance market conditions persisted throughout the United States in 2010 and are poised to continue into 2011, according to a comprehensive report published today...  >>
January 20, 2011  |  Views: 845
Marsh Appoints Anthony Mastrolia U.S. Construction Risk Management Leader
Marsh, the world's leading insurance broker and risk advisor, announced today the appointment of Anthony Mastrolia as Construction Risk Management Leader in Marsh's U.S. Constructi...  >>
January 12, 2011  |  Views: 1061
New Report Warns Current Global Governance Systems Lack Capacity to Deal with Global Risks
The financial crisis has drained the world's capacity for dealing with shocks. The frequency and severity of risks to global stability have amplified, while the ability of global g...  >>
August 02, 2010  |  Views: 727
Marsh Appoints Danette Jones as Construction Practice Leader for Southwest Partnership
Marsh, the world's leading insurance broker and risk adviser, announced today the appointment of Danette Jones as Construction Practice Leader for its Southwest Partnership as part...  >>

Contacts
Theresa Kerr
Knowledge Manager
Urbandale IA United States
515 365 1318
theresa.kerr@marsh.com
Mark Reagan
Global Construction Practice Leader
Morristown NJ United States
515 365 1316
mark.reagan@marsh.com
   
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