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Industry Industry

Construction

Willis Towers Watson is a leading provider of insurance, reinsurance and risk management services to the construction industry. For developers, designers, owners and contractors worldwide, we offer industry-specific products and solutions.

Commitment to construction

Willis Towers Watson has made a special commitment to the construction industry in North America with a strong presence in more than 35 major cities in the U.S. and Canada. We anticipate trends and issues and develop strategies that help clients to improve risk profiles, lower cost and increase profit through customized risk management and financing programs.

We have specialized and dedicated teams in all lines of construction risk solutions including, casualty and excess liability, builder’s risk, contractor’s equipment, controlled insurance solutions, professional and environmental liability and other lines including subcontractor default insurance, financial products, captives and various risk financing alternatives. We use analytics extensively to help customize clients’ programs and our placement and claims management teams bring deep experience to negotiation to help ensure the right coverage and settlement outcomes.

Front-line client support

Our clients include general contractors, construction managers, sub-contractors, engineering and construction firms, owners and developers, civil contractors, manufacturers, alternative energy constructors and producers and power firms.

We support clients’ businesses through product and service innovation, including:

  • Products such as Subguard (to manage subcontractor default risk)
  • Branded Builders Risk policies
  • Data management software programs to manage projects from a risk management standpoint such as WillCIP
  • Integrated umbrella policies, which include coverages typically insured elsewhere, such as professional Liability and environmental risk

In addition, we provide the following specialist services tailored to construction clients:

  • Risk management: We design and implement programs for national accounts for property and casualty. In addition, we develop best practices, design and market new products, act as a liaison to the rest of Willis Towers Watson and manage corporate-level insurance carrier relations.
  • Wrap Up: We sell and service project-specific insurance programs including owner-controlled insurance programs (OCIPs) and contractor controlled insurance programs (CCIPs) and variations on them.
  • Surety: We manage carrier relations, lead sales efforts on major surety clients, developing and implementing best practices for surety.
  • Professional/Environmental: We have national leaders in this area who act as product resources to clients.

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