What is Loss Sensitive Insurance?

Loss sensitive insurance

As the construction industry continues to experience a changing economy, insurance products that allow more control over your total cost of insurance are desired. Loss Sensitive insurance can lower upfront costs resulting in more savings for contractors who have low claims activity.  

We offer tailored Loss Sensitive business insurance coverage and plan structure for large commercial contractors, including: 

  • Large deductibles. 

  • Retrospective rating plans, including close out options. 

  • Self-insured plans. 

  • Customization for project specific programs, including Wrap-Up and Joint Ventures. 

  • Customized solutions for single-parent owned captives. 

  • Flexible collateral options, including letters of credit, cash collateral, money market accounts and trust accounts. 

We differentiate ourselves by aligning the right resources to provide timely solutions to meet your needs while maximizing the value for your dollar.  We do this through: 

  • Local, dedicated Loss Sensitive account executives who understand the local and multi-state issues contractors face. 

  • Taking a results-oriented team approach, made up of dedicated Underwriting, Claim, Risk Control, and Risk Management Information Services experts who are focused on: 

    • Reducing potential loss exposures. 

    • Identifying opportunities for improvement. 

    • Managing losses to the lowest possible costs. 

    • Supporting your safety and risk management strategy. 

  • Engaging in stewardship sessions — using performance indicators, claim metrics, benchmarking and peer comparisons — to monitor your progress. 

  • Ultimately improving your competitive advantage by helping you manage your total cost of risk. 

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