Orion Construction Insurance
Construction is risky business. In California, the proliferation of “Construction Defect” lawsuits has aggravated the situation even more. Workers’ compensation insurance premiums are the highest in the nation. To operate profitably in this marketplace, contractors need a construction insurance expert to make sure they have access to the most appropriate coverage available.
General Liability
The majority of GL insurance policies available today provides very little real coverage, but come at a very high price. Since all coverage is expensive, it’s critical that the coverage you purchase be the best for the price. This is where the construction insurance experts of Orion come in. Do you really want to spend $100,000 or more for an insurance policy that will never pay a claim? Sadly, many contractors do exactly that. Besides access to all the major insurance carriers, Orion actively utilizes Lloyds of London and a number other carriers unknown to most ordinary brokers. In addition, Orion has created a whole new concept of insurance, that enables the larger contractor an opportunity to write his own policy, including coverage for mold, subsidence, condo construction, and other items which otherwise are not insurable today.
Risk Purchasing Group – With its exclusive affiliation with the California Contractor’s Risk Purchase Group, Orion can now offer a lower-cost alternative to ordinary Liability Insurance. This policy is written by an A-rated national insurance company and offers some attractive coverage features, in addition to a low price. Depending upon when coverage is purchased, you might be able to lock in coverage and a fixed premium for up to two years!
Worker’s Compensation Insurance
While premiums are starting to trend down, contractors still pay far too much for Workers Compensation Insurance. As premiums stabilize, proper claims handling will again be critical to getting the best quote.
Orion’s specialists can create a custom workers’ comp program for larger contractors that offers an opportunity for you to recover premiums at a later date if claim costs are low.
In addition, Orion’s excellent claims management services assure that when you have an accident, a claims expert is managing the insurance company’s handling of the claim to make sure it gets closed as quickly, and inexpensively, as possible.
Orion offers a complement of other insurance products, including group medical insurance, property and auto coverage, and even employee pension/401k plans. |
