McGriff, Seibels and Williams, Inc. Construction Risk Services

Quote: "If you keep on doing what you've always done, you'll keep on getting what you've always got" - W.L. Bateman

Today's ever changing construction market presents new and unforeseen risks to contractors, both large and small. Understanding and assessing the potential costs of these roadblocks is difficult to do, especially without the benefit of future knowledge. Today's contractor must be able to seek out and use innovation as a means of quantifying the levels of risk inherent in their industry. They must structure a risk management program that will meet all of their short-term and long-term-needs that will, in the end, reduce their overall cost of risk. How do they do this? They need to empower a risk management team, capable of formulating a winning strategy towards managing and lowering construction risk.

6 Goals of an Effective Risk Management Team:

1. Program Design: Rome wasn't built in a day, and neither should your risk management program.
2. Risk Financing: Analyze the creative and technical options available risk financing.
3. Safety Management: Reducing losses is the only "sure thing" in controlling risk.
4. Claims Management: Mitigate results and handle all claims with a sense of urgency.
5. Risk Allocation: Contracts and subcontracts include risks. Understand your liabilities.
6. Broad Access to Markets: Explore available financing markets, both domestically and internationally.

It may sound like a very tall order, but it isn't. The construction industry deserves the very best advice and support in managing the increasingly rough seas of risk management. To do that, they need a partner with the experience, innovation and vision to think and act like a construction risk manager, capable of assessing and developing strategic goals to control overall construction risk. McGriff, Seibels & Williams, Inc. is that partner.

For 105 years, McGriff, Seibels & Williams has been providing and developing innovative and creative programs that anticipate and act upon the risks of its construction clientele. Our team of construction risk experts has the knowledge and know-how to meet all of your needs. Here's a sampling of what we can offer you:

• Risk Assessments and Exposure Analysis
• Surety and Financial Guarantee Alternatives
• Captive Feasibility Studies
• Claims Audits & Third Party Administration
• Contract Document Audits
• Safety Management, Training & Orientation
• Wrap-up/Owner Controlled Programs
• Information Systems
• Health, Life and Benefits
• Merger & Acquisitions Reviews
• Cost Allocation Methods
• Professional Liability
• Environmental/Pollution

With over 530 employees and 5 locations, our staff is at your disposal. Contact us for more information on how McGriff, Seibels & Williams can help you stay one step ahead of the game. http://www.mcgriff.com/.

Steve Davis
Senior Vice-President, Director of Construction Risk Services
McGriff, Seibels & Williams, Inc.
Birmingham, AL
(205) 581-9398
sdavis@mcgriff.com