In Construction, you have to wear many hats, so you probably don’t have much time to think about insurance and risk management. As the leading Construction insurance brokerage on the West Coast, Woodruff Sawyer has the depth and expertise to handle all your insurance needs and anticipate trends that could adversely affect your business.
You get a dedicated and experienced team of insurance specialists to serve you throughout the life
of our relationship. We offer full-service capabilities, from general liability, contractors professional liability and environmental liability, to workers’ comp, builder’s and inland marine risks. Our experts provide contract and surety advice, fierce advocacy when claims arise, and best practices in loss control and safety.
Covering The Spectrum
- General Building Contractors
- General Engineering Contractors
- Major Specialty Contractors
Captive Insurance for Construction
Joining a captive insurance group is an alternative way for construction companies to manage risk—offering control, consistency, and a way to stabilize your cost of risk over time.
What is a Captive?
Captives are licensed insurance companies owned by a group of affiliated businesses that pool together to insure the risks of its members. Construction companies may want to consider captive insurance to gain protection from hardening in the market, added long-term stability, and more oversight over the various facets of insurance, including more autonomy in claims management.
Woodruff Sawyer’s Captive experts will guide you through an unbiased process to determine whether you’re a good candidate for a captive. Learn more about how we can help you with captives.
The number of buildings constructed with mass timber (also known as engineered timber or cross-laminated timber (CLT) is expected to double every two years through 2034, highlighting the critical importance of surety bonds.
Despite a slowing economy and continued supply chain issues, rate increases in most lines of coverage are slowing. The exceptions to this are the umbrella and property markets, which continue to experience double-digit increases.