Construction Practice

The Horton Group has developed a great deal of expertise within the construction industry and features a specialized construction risk management team that works with clients to reduce costs and enhance operating profits.

In building our construction practice, we focus on bringing together five critical elements: Risk Management, Insurance, Safety, Claims & Risk Transfer.

Risk Management / Insurance

Many insurance brokers and contractors view insurance as simply a bidding process. The broker's primary role is viewed as securing the best price. While Horton considers competitive pricing to be a critical part of the insurance program, we also believe that there is much more required in putting together a successful risk management program. Additional elements to consider include:

• Analysis of exposure and risk tolerance
• Specialized coverages uniquely tailored for the construction industry
• Systematic internal processes for reviewing coverages
• An aggressive marketing campaign, focusing on insurers specializing in the construction industry
• Program consultation and design
• Loss-sensitive rating models
• Detailed comparison of policy forms
• Risk identification and analysis

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Safety

Construction companies today recognize that it is not enough to simply purchase insurance to cover financial loss. They understand that the cost of loss is the single most important factor in determining their insurance expense. In order to reduce the price of insurance, business owners must limit losses. In addition, there are substantial regulatory issues that present exposure to risk. The Horton Group offers the following services through our wholly-owned subsidiary, Network Safety Consultants, Inc.:

• Comprehensive Assessments
• Safety Training
• Management Training
• Safety Observations & Audits
• Ergonomics Consulting
• OSHA Compliance Assistance
• Making Safety a Marketing Tool
• Establishing Accountability
• Interaction with Insurance Company Representatives

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Claims

Managing losses is a crucial component of a successful risk management program. Specialized services from The Horton Group include:

• Developing a standardized process of reporting claims
• Claim and accident investigation
• Claim reviews and status reports
• Loss reserve analysis
• Return-to-work program development
• Preferred health provider network referrals
• Experience modification analysis
• Claim dispute resolution

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Risk Transfer

• Construction agreement contract consulting
• Certificate tracking programs
• Lease agreement analysis
• Risk financing programs
• Cost-of-risk analysis and allocation
• Feasibility studies
• Large deductible programs
• Captives

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