Construction Risk Management and Insurance
We Do the Heavy Lifting for You
Construction risk, covered from every angle.
From jobsite hazards to complex contracts and bonding requirements, construction risk hits from every direction. Hylant stays ahead of the curve so you can stay ahead of the work, delivering a tailored insurance program that tackles issues before they affect you.
What Risks Do Construction Companies Face?
Click the buttons below to explore the most common risks construction companies face.
Construction Practice Leadership
Christine M. Loiselle, Managing Director
Christine brings over 22 years of broker and risk management experience. She has managed risks arising from construction operations for some of the largest contractors in the Greater Cleveland area.
At Hylant, Christine runs a team of technically skilled service members with over 325 years of combined experience in construction risk management. She sits as an advisor over the complex contracting risks and designs programs tailored to the contractor's individual needs. Christine is also well-versed in builder’s risk and wrap-up insurance.
Your Hylant Team of Experts by the Numbers
0
Specialists - Dedicated Professionals
0 +
Years in Business
0 yrs
Combined Experience in Construction Risk Management
What Our Clients Are Saying
If we aren’t covered the way we need to be, I could lose my business; 300 people would lose their jobs. I feel that Hylant is always looking out for me.
John Hartsog
Financial Controller at Williams Plumbing & Heating
How Does Hylant Serve Construction Companies?
Hylant's construction practice combines program strategy and analysis, technology tools, risk management services, and OSHA and safety training — purpose-built for contractors, developers, and trade specialists. Our professionals bring creative strategies to analyze how best to place coverage for each client’s unique risks.
Program Strategies & Analysis
- Quality of Risk Report/Due Diligence Reports
- Benchmarking
- State of the Industry Reports
- Loss Trending & Analysis
- Program Performance Reviews
- Captive Analysis
- Stewardship Reports
- Renewal Strategy Meetings
- Historical Claims Evaluation
Technology & Resources
- Hylant Client Portal
- OSHA Safety Compliance Program
- Propeller for Bonding
- HyTrack - Certificate Tracking Program
- Benchmarking
- Risk Management Center
- INDIO Platform
- Zywave Resources
- In-House Risk Control Engineers
Risk Management Services
- Identify, Measure, Monitor & Control of Risk
- Contract Review
- Subcontractor Agreement Revisions & Recommendations
- Bond Solutions
- Loss Control Support
- Lender Compliance
- Contractor Education
- Proactive Claims Handling
- White Papers
OSHA and Safety Training for Contractors – Hylant Risk Management Center
- Safety Library
- Online Training
- Incident Management Tools
Construction Industry Associations
Hylant actively engages with local and national construction associations to stay connected with industry leaders and track developing issues across the country. That ongoing engagement keeps us informed on emerging trends and lets us bring new ideas and solutions to clients quickly and effectively.
Trusted Hylant Advisors
In the Construction Industry
The Value of Surety Bonds in Construction
What are surety bonds and how do they protect construction companies?
Surety bonds are three‑party agreements between the contractor, project owner, and surety that guarantee the contractor meets the terms of the contract. See how surety bonds protect your projects, strengthen your credibility, and help unlock new growth opportunities.
Construction Risk FAQs
Construction companies face risks from jobsite injuries, contract liabilities, project delays, material cost volatility, and cyberattacks. Carriers are watching these exposures closely, which is why a proactive risk management strategy that aligns insurance, contracts, and safety culture is critical.
Most construction projects require some combination of general liability, workers' compensation, builder's risk, commercial auto, umbrella, and wrap-up (OCIP/CCIP) coverage. The types of construction insurance should be tailored to the nature of the project, contract requirements, and the contractor's risk tolerance.
Construction insurance costs depend on factors like the type of work you perform, your loss history, project size, material cost volatility, and how your business is structured. Well-run businesses with strong safety programs and risk controls typically see more favorable pricing.
Builder's risk insurance provides financial protection for structures while they are being constructed and before traditional commercial property insurance is in place. Standard property insurance does not apply to unfinished structures, which is why builder's risk is essential on virtually every construction project.
A performance bond guarantees that the contractor will complete the project according to contract terms. A payment bond ensures subcontractors and suppliers are paid for their labor and materials.
Surety bonds are most commonly required on public construction projects, where contractors must provide bid, performance, and payment bonds as part of the bidding process. Private project owners and lenders may also require them to reduce financial and completion risk.
Contractual risk transfer shifts liability from one party to another through tools like hold-harmless agreements, indemnification clauses, waivers of subrogation, and additional insured endorsements. It helps general contractors ensure subcontractors assume liability for losses caused by their own work.
Yes, construction companies need cyber insurance. Construction firms are increasingly targeted by ransomware, wire fraud, and attacks on operational technology, and complex supply chains create contingent business interruption exposure when a key vendor is taken offline.
Related Insights
Talk to an Industry Advisor
Our advisors will help you find the best construction company insurance, risk management and employee benefits options for your particular needs.