Construction
Protect the business that you’ve built.
With over 100 years of collective experience serving the construction industry, OneGroup has amassed the specialized knowledge and expertise needed to offer unique solutions to a broad range of business challenges. We represent the premier insurance carriers available to the construction market. Our construction insurance specialists advise you of risk transfer strategies only after evaluating your business operations, putting your unique needs first.
Laws differ by state; for example, if you are a builder, contractor, or developer in NYS you are required by law to carry insurance. New York also holds very strict labor laws in the event of a scaffolding or flooring gravity-based accident therefore making the contractual risk transfer for contractors a necessity to keep claims and legal costs down. Contact us to learn more about your state’s requirements.
OneGroup’s construction clients can expect the following services, and more:
- Review risk management and offer a plan for putting risk transfer in place
- Review contracts for indemnification
- Supply sample insurance contract provisions
- Supply ongoing contract review for projects in the course of bidding
- Insurance bid rates supplied annually for job costing
- Payroll and workers’ compensation audits and overpayment recovery services
- Risk reduction through safety management
- Claim management
- Provide contract surety bonds
- Automated insurance certificate issuance
- Certificate holder tracking
We make it easy for you. Save time. Save money.
Understanding Contract Surety Bonds
In the realm of construction and development, contract surety bonds are indispensable tools that ensure the successful completion of projects.
NYS 2024 Workers’ Compensation Updates
There have been significant changes applicable to New York State workers’ compensation in 2024. For the ninth consecutive year, an aggregate rate decrease is on the horizon.
The Importance of Wrap-Ups in Construction
On-site contractors also secured their own workers’ compensation insurance. According to the International Risk Management Institute, all these insurance coverages added about 6% to the total project cost. Often, project participants were confused about who had coverage or whose insurance would pay a claim.