Construction Risk Management NY NJ PA
Construction Risk Management
Construction Risk Management
Managing Risk in Construction
My Construction Payroll 's construction risk management services help contractors reduce exposure and improve safety. From documentation to compliance, we support your team in lowering insurance costs and managing project risk.
Cost of Risk is typically defined to include:
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Insurance Premiums – These include but are not limited to general liability, auto, property, excess, workers compensation, professional liability, pollution liability, employment practices liability, inland marine, surety, and employee benefits.
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Time spent analyzing and managing risk – This includes the time invested to identify potential losses and their causes and deciding on a strategy to manage those losses. It also includes time spent managing your safety program, human resources and claims.
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Time spent dealing with losses – This could involve efforts to work with employees and designated clinics for a workers compensation claim, dealing with an insurance adjuster on a property claim, or participating in your defense of a lawsuit against your company.
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Retained losses – Losses are either retained on purpose (deductibles, self insured retentions or self insurance) or by accident. Effective risk management should help avoid retaining a loss accidentally.
Our Risk Management and Safety Services include:
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Fully Insured Workers’ Compensation Coverage
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Dedicated Loss Prevention Specialist
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EMR Reduction Assistance
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Fraudulent Claims Investigation
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OSHA Compliance and Training
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Complete Claims Administration