Construction Industry
You need a partner that can help you mitigate builder's risks and build out your workforce with benefits that protect your margins and your people.
Construction Industry Insurance
Where other brokers focus on placing policies, we focus on ensuring your coverage fully meets the needs of your project — with risk control as the focus from planning to completion. We have the capabilities via our network, industry expertise, course-of-construction insurance and experience to simplify and handle complex construction risks.
NFP helps owners and developers, service providers and suppliers, and contractors build with confidence through robust products and strategies:
General Liability-Only Wrap-Ups
Strategies to eliminate coverage gaps for cost-effective protection and comprehensive course-of-construction insurance coverage.
Owner-Controlled Insurance Programs
Single policy to give owners and developers control over the type of insurance programs the project requires.
Risk Management Strategy
Claims avoidance for reputational risk protection and risk control.
Completed Operations Coverage
Optional insurance for post-sale protection against bodily injury or property damage that arises after a construction project has been finished and handed over.
Capital-Efficient Strategies
Captives, alternative risk transfer for tough-to-insure large projects where a firm or group of firms form their own insurance company to cover their unique risks.
The Problem
An owner-controlled insurance program for a large golf course development project had been set up incorrectly, and several on-site contractors had been excluded. When the project doubled in scope, the project team was financially unprepared to meet both the significant additional premiums and increased construction costs.
The NFP Solution
NFP took over program administration, corrected the general contractor issue and removed other administrative issues through communications and an on-site visit. We negotiated with carriers to apply the premium already paid to the new program and found favorable terms for the cancellation and insurance rewrite. The team recouped money for the client on insurance credits, since there hadn’t been a system for general contractor bidding on the project, to reflect the insurance purchased by the owner.
Build with confidence using tailored construction insurance and benefits.
Connect with an NFP specialist today.
Building Construction Industry Workforce Resilience
From the field to the front office, our construction-aligned benefits strategy supports your people, your projects and your profitability. Whether it’s controlling costs, reducing downtime or improving retention, we bring together benefits that work in the real world, not just on paper.
We don’t just design plans — we solve problems:
Protecting Margins
Cost containment by managing pharmacy and healthcare costs.
Retaining Key Roles
Talent retention for field supervisors and estimators with targeted executive benefits.
Reducing Downtime after Injury
Supporting workers through integrated disability, injury recovery and return-to-work support.
Meeting Workers Where They Are
Using voluntary coverage to provide safety-net benefits like short-term disability, accident and hospitalization coverage.
The Problem
A private equity-backed national paving company with 1,000 employees wanted to address cost and management problems with their incumbent broker. The paving company had acquired a company and identified a 401(k) plan affordability compliance issue, which, if audited, could result in $1M in fines.
The NFP Solution
The NFP team helped the company unbundle their current medical program. With support from our Rx Solutions program and stop-loss experts, the team provided more value to the group and offered a more proactive approach to managing the benefits plans. For the 401(k) plan, the NFP team negotiated a 45.8% fee reduction and implemented a collective investment trust to reduce fees and address the plan affordability issue.
“The Construction and Infrastructure Group’s specialists deliver the market expertise and key relationships with carriers to every complex project our construction clients take on. We approach risk management with the understanding that no two projects are identical.”
Adrian Pellen
Leader, Managing Director, Construction and Infrastructure
Our Expertise in Action
See how our experts are implementing solutions for today's risk, workforce, wealth management and retirement challenges.
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We’re here for you, whether you know exactly what you need or just know you need a partner to help advocate for your business, your people or your life.
