Construction
When it comes to completing a construction project on time and within budget, risk exposures such as employee and public safety; property and general liability; and environmental and pollution issues can dramatically impact the results. Mesirow Financial works with all parties involved in the construction process to create insurance programs that address these and many other challenges for all types of projects.
Our clients represent some of the largest and most prominent companies in the construction industry. No matter your role in a construction project, our experts can help protect your business, your employees and your profitability. We work with parties involved in all areas of the construction process, including:
- Contractors
- Subcontractors
- Developers
- Architects
- Engineers
- Property owners
Comprehensive Coverage For All Construction Projects
The experts in our Construction Practice have earned a reputation for evaluating risk on a project-by-project basis and implementing insurance programs that best respond to the circumstances of the specific project. We have created customized solutions for a spectrum of projects, including:
- Airports
- Bridges
- Condominiums and apartment buildings
- Convention centers
- Highways
- Hospitals
- Mass transit systems
- Office buildings
- Shopping centers
- Stadiums
Wrap-ups/Owner Controlled Insurance Programs
Mesirow Financial works with you to determine cost-effective methods for managing risk - such as wrap-ups and owner controlled insurance programs. These are master insurance programs that include workers' compensation and general liability for owners and contractors of every size. Because rolling wrap-up insurance is purchased as a whole, it achieves an economy of scale, which allows for greater negotiating leverage with insurance companies. Broad coverage is also achieved, as large corporations with multiple construction projects can acquire insurance that covers a wide variety of potential claims. Additionally, wrap-ups streamline and unify insurance standards between contractors and their clients.
A Holistic Approach to Risk Management
As part of Mesirow Financial, our Construction Practice clients have access to a holistic selection of insurance and risk management resources.
Employee Benefits
Our professionals analyze existing employer-sponsored benefits programs and determine the appropriate methods for improving and expanding coverage while maintaining cost considerations. We specialize in all areas of employee benefits programs, including:
- Medical
- Pharmacy carve-out
- Medical and dependent care reimbursement accounts
- Life
- Long term care
- Retiree health
- Dental
- HSAs/HRAs
- Vision
- Disability
- Voluntary insurance programs (VIP)
- Pension/Profit-sharing/401(k) plans
- Specialized benefit programs for key executives
Loss Control Services
Don't let employee injury, property and construction project losses drive up your insurance costs. Mesirow Financial's loss prevention consultants work with you to identify potential hazards and develop customized programs that help reduce your chances for a loss.Claims Management
Preventing a loss is our ultimate goal, but if a claim is filed our claims management experts act as your advocate to facilitate a timely, cost-effective resolution. Our services also include claim audits and coverage analysis.Financial Risk Management
Our financial risk management experts have the analytical expertise to quantify and analyze the financial impact of varying risk transfer mechanisms. Utilizing statistical, actuarial, and financial analyses, we structure the most cost effective insurance program for our clients. Our experts provide assistance in the areas of:
- Cost of risk allocation
- Captive insurance company feasibility
- Loss forecasts
- Variability analysis
- Retention analysis
