Graham Company has the expertise to develop specialized products that fit your needs. Whether you are looking for an alternative risk financing mechanism, insuring a large construction project, making a critical acquisition, structuring coverage to protect your leadership, expanding overseas or dealing with environmental issues, we can develop a solution that is customized for your business and your specific situation.
WHATEVER YOU NEED
WE’VE GOT YOU COVERED
Through our partnership with Innovative Captive Strategies (ICS), Graham Company can advise you on Captive Insurance alternatives. Captive Insurance companies specialize in the insurance or reinsurance of the retained risk of its owners or participants. Captive Insurance is a risk financing mechanism used as an alternative to traditional insurance.
Group Captive brings together a group of independent businesses to form their own insurance company. This type of Captive provides workers’ compensation, general liability, automobile liability and physical damage coverage. Single Parent Captive is an option designed for organizations with annual premiums in excess of $3 million. Rental Captives are designed to “rent” space to multiple programs/insureds through a “Segregated Cell” structure.
These programs provide all the benefits of a Captive without the burden of ownership obligations.
Construction Wrap-Up policies allow a single sponsor to consolidate the purchase of certain insurance coverages for an entire project, or a series of projects, versus having each contractor provide their own individual insurance. Rolling Wrap-Ups encompass more than one project. A Wrap-up typically includes Workers Compensation, General Liability and Excess Liability insurance, but may also include Builders Risk, Contractors Pollution, Professional Liability and Subcontractor Default Insurance. Most Wrap-Up programs are provided on a Loss Sensitive basis, meaning that the claims experience of the project directly impacts the final cost of the insurance.
The overall financial success of a Wrap-Up rests solely on the program sponsor’s ability to keep insurance losses low. At Graham Company, we have an unwavering commitment to Safety and Claims Management and our in-house Loss Control Department maintains an active, on-site presence at the jobsite. This expert attention results in a safer project and significantly reduced loss rates than what is achieved by our competitors. We also assist with Wrap-Up administration services, considerably reducing the burden on the program sponsor. No matter how complex the project, we make Construction Wrap-Up simple.
- Eliminates redundant insurance coverage between multiple contractors
- Ensures a stronger negotiating position than each of the individual contractors on their own
- Results in lower insurance rates, a more efficient plan design, broader coverage provisions, consistency in coverage and higher limits to pay for potential losses
- Provides clearer and more consistent direction regarding Safety and Loss Control
- Single point-of-contact for claims administration significantly reducing the cost of claims
- Widens the pool of available subcontractors