Construction
Our mission is to be set apart from our competition by providing an excellent level of knowledge and service to our clients and ultimately be the insurance manager of choice to the business community. Edwards and Company’s unique corporate design gives you unparalleled single-course access to a complete array of solutions from our strategic partnerships – and a corresponding, comprehensive service model that is not just convenient, but responsive to your needs as a client. As a firm, Edwards and Company is committed to excellence and the continuous improvement in its business processes. This combination of technical advancement, organizational intelligence and personal commitment enables Edwards and Company to provide new solutions to its clients’ insurance needs quickly, in an increasingly fast paced and complex business environment.
Program Administration
Full Wrap-Up Administration
Contractor Enrollment, Policy/COI Issuance, Insurance Credit Calculations, Valuations, Payroll Tracking, Project Close-Outs. Cost Tracking / Allocation Between Projects, RMIS Services, Program Performance Reporting.
GL Only Wrap-Up Administration
The administration of a GL-Only wrap-up is like a full wrap-up with lower administrative costs, meetings are usually over the phone, there is no payroll tracking and reporting is lighter. Some benefits are the fact the Owners Controls purchase, and coverage terms, claims processes. Cost savings to owners as a result of avoiding GC overhead and profit loadings.
Wrap-Up Software
Our top-tier technology boosts efficiency and contains costs. We deploy custom software to simplify the wrap-up process. We offer these industry-leading resources to administrators, brokers, wrap-up clients, carriers, and contractor.
Certificate Tracking
Provide COI tracking insurance documentation-will request a certificate of insurance evidencing coverage from each contractor and subcontractor as required by contract. Our software will verify that all certificates meet or exceed the minimum required. You will have access to all collected certificates via your own client portal.
Subcontractor Compliance
Each certificate will be entered into a master contractor database where it will be monitored for expiration on a monthly basis. We will request renewal certificates 10 days prior to expiration. This consists of both email requests and a phone call directly to the contractor for their renewed certificate of insurance to ensure all enrolled contractors remain in compliance.
Edwards and Company through its Corporate Partners Provide Comprehensive Wrap-Up Administration (“OCIP/CCIP”) for Large-Scale or a Series of Construction Projects. Our wrap-up administrators have managed over $60B in construction value on over 500 project in over 28 countries since 2002
Targeted Industry
Segments and Products:
Corporate Programs
Project Specific Programs
Wrap-up Insurance programs
Subcontractor Default Insurance
Design Professionals/ Architects/Engineers
Contractors: GC's/CM's & Design Builders
Subcontractors:
Heavy CMI/
Mechanical/
Infrastructure
Environmental Construction
Marine
Construction
Energy and
UtilitiesRisk
Risk Management, Safety, Compliance
Reducing exposures and the resulting incidents produce a multitude of benefits: improved morale, increased productivity, reduced insurance and legal costs and better treatment in the marketplace. Recognizing that, Edwards and Company, alongside its corporate partners, provide loss control, safety consulting, and compliance to its construction clients, to provide them with an even broader range of risk management services for all insurance lines.
- Design & implementation of safety programs
- OSHA & DOT Compliance
- Jobsite Visits to evaluate & improve upon uncontrolled exposures
- Service planning, coordination, and quality control of carrier loss control services
- Post injury management, return to work program development
- Develop & implement comprehensive safety & health programs
We know how crucial it is that everything is monitored and tracked: tools; equipment; man hours; and measurements. And the same holds true for insurance. In response Edwards and Company provides the same treatment for the various facets of your risk management program. All the additional services and resources Edwards and Company provides its construction clients is designed to create transparency between the client, broker and carrier to attain better results. It is our belief that transparency, for better or otherwise, provides our clients with the critical tools, to anticipate changes in the marketplace, its program or operation, to remain competitive in likely the most litigious, complex and dynamic environment in the world.
Claims Management
A neglected or mishandled claim often results in long-term and disastrous effects on a firm’s future premiums and cost of doing business. In response, Edwards and Company takes a multi-faceted approach to claims management internally and through our strategic partnerships.
REVIEW ALL EXISTING OPEN CLAIMS. DESIGN & EXECUTE A STRATEGY FOR CLOSURE WITH OPTIMAL COST-SAVING IMPACT
MANAGE INDIVIDUAL LOST TIME CLAIMS, WHEN BENEFICIAL, EVALUATE & PRICE COST-EFFECTIVE LUMP-SUM SETTLEMENTS
CONDUCT INDEPENDENT MEDICAL REVIEWS & WORK WITH PHYSICIANS TO ESTABLISH TIMELY/ REALISTIC MEDICAL & LOST TIME ASSESSMENTS
WORK WITH CLIENT’S STAFF AND LEGAL COUNSEL TO PREPARE FOR PROCEEDINGS
AUDIT, ASSESS AND NEGOTIATE FAVORABLE RESERVES
HANDLE REPORTING
& STATISTICAL ANALYSIS, INCLUDING UNIT STATISTICAL REVIEW WITH THE INSURANCE CARRIER
PREMIUM RECOVERY
Review and analyze the workers’ compensation policy to ensure the accuracy of the cost-driving elements.
CODE 59 RULE
Ensure that you are in full compliance with the Workplace Safety and Loss Prevention Program as required by those who have more the $800,000 in payroll and and EMR in excess of a 1.20.
WRAP-UP RECONCILIATION
Involves the auditing of all pertinent wrap up payroll that should have been included within the appropriate time frame(s) of the relevant Experience Modification Rating (EMR).
Our leadership team understands the importance of embracing change. We know that while change brings challenges more often than not it brings new and innovative solutions – Edwards and Company remains focused on continually ensuring our clients, and the industry segments we service are getting the best our industry has to offer. While doing things the same way does not necessarily mean poor results – if we are not open to change how can we ensure we are getting the best results. This goes not only on how we operate our business, but how we support our clients.