Construction

At Frank Crystal & Company, the members of our national Wrap-Up team have an average of 25 years and $34 billion of project-specific brokerage and administration experience. Additionally, with real-time information, our dedicated loss control and claims management experts typically achieve a 15-25% per-project loss ratio, which is notable as anything below 70% is considered successful in the industry. We help companies devise comprehensive risk transfer solutions for their construction exposures.

Construction contractors face significant and varied liability exposures, both during the performance of their work and after the completion of the job. Exposures, including contractual obligations, hold harmless clauses, indemnifications, residential defects, mold, and others, are all challenges that contractors face when trying to keep their risk management processes current. Up-to-date risk management practices are necessary in order to adequately protect contracting companies, regardless of whether they are publicly or privately owned.

To help our contractors stay current on these exposures, Frank Crystal & Company utilizes a process that focuses on the contractor's total cost of risk. This process includes the following elements:

• Holistic approach to risk – risk identification, proper location, and treatment options
• Aggressive placement strategy – contractual analysis and prudent risk assumption practices
• Analyze exposure to major risk types – financial, hazard, operational and strategic. In addition, Frank Crystal is focused on providing basic insurance services to our contractors which include
• Local brokerage expertise on all lines of coverage for contractors – including property/casualty and benefits
• Analysis and support of our clients' safety management programs to help prevent potential losses
• Proactive handling of claims to help mitigate the ultimate cost

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