Construction
From identifying and assessing potential exposures to managing claims, contractors need the proper balance of program elements to minimize their risks without breaking the bank.
Oswald Companies offers a complete line of construction and surety bond services for general contractors, commercial and residential construction, and heavy highway construction. Our advisors seek to understand your business needs during and after plan development. Offering more than 100 years of construction and surety experience, the Oswald team has the know-how to help you develop the right plan for your organization, or while helping reduce the overall cost of risk.
Our Construction Services
Program Administration and Risk Management
- Risk identification and analysis
- Coverage review and discussion of limitations
- Contract Reviews: Owner, Subs, Leases, etc. (risk transfer)
- Same-day certificate issuance
- Obtain project-specific coverage as needed (Builder’s Risk, OCP, etc.)
- Review certificates from Subs for compliance with subcontract
- Environmental and Professional liability
- Directors and Officers exposure reviews and consultation
Post-Loss/Claims Management and Loss Control
- Claims liaison and consultant on difficult claims
- Analysis of loss trends/root cause analysis
- Transitional work program
- Coordinate loss prevention and control/safety inspections
- Fleet safety
- Establish claims handling procedures and contacts
Our Surety Bond Services
Surety Program Review & Risk Profile Assessment
- Understand your business and surety needs, review appropriateness of your existing surety arrangements, and discuss surety carrier alternatives
- Benchmark your company’s surety strengths & weaknesses. Strategic advice & consultation on available surety strategies
Collaborative Surety Bond Action Plan
- Agree on strategic surety priorities, develop and execute a collaborative Surety Bond Action Plan
- Comprehensive, professional presentation to surety underwriters
- Negotiate favorable terms and conditions for bond line
- Responsive execution of bid and performance bonds