Construction insurance for builders and contractors

The complex risk management challenges facing the construction industry require detailed specialization. IMA’s deep experience and expertise arms you with the tools you need to navigate this complex environment of risk control, surety, contracts and more to mitigate your risk.

We want your business to succeed, and that starts with understanding your organization from the inside and out. Our technical professionals then work with you to identify, develop and deliver customized risk control strategies and tactics:

  • Strategic thinking to advance safety and loss prevention
  • Client-specific service plans
  • Customized safety training

Want to see how we helped a civil construction client with risk control support? Click here. 


Beyond Coverage

In addition to services offered by traditional brokers, IMA provides:

  • Contract Review* within the scope of insurance and risk management when entering into agreements with a third party
  • Pre-underwriting your account to identify issues and proactively developing answers to potential underwriter questions
  • An audit of your existing program(s) to identify coverage gaps and potential enhancements
  • Coverage analysis to assist with selection options that fit your organization’s complexities
  • Benchmarking with claim trending tools to assist in determining appropriate limits
  • Claims specialists with legal and carrier backgrounds who understand construction claims
  • Workers’ compensation review to help reduce your experience mod factor
  • Alternative risk transfer options (self-funding, captives, association programs, etc.)
  • Loss sensitive programs
  • International experience and resources
  • Professional and pollution liability
  • Contractor-led design build
  • Aviation (manned and unmanned aircraft) expertise due to the rise in drone usage
  • Cyber exposures due to the increase in construction cyber breaches
  • Using Telematics to drive down risks and control losses
Industry Involvement

IMA is also active in the industry in legislative, education, and safety endeavors at the state and national levels. Additionally, the construction industry feels supported because of our constant desire to seek out alternative solutions to insurance and surety challenges.

Wrap Up Insurance for Contractors

IMA is at the forefront in the insurance community for contractors, providing the insurance and surety needs for more than 200 contractors and are active members in several construction associations.

The IMA wrap-up unit possesses a wealth of knowledge and experience that allows us to provide you with a high level of professional service.


IMA adopts an intensive service plan to fit your diverse needs. Our service team can provide:

Our expertise includes owner-controlled (OCIP) as well as contractor-controlled (CCIP) wrap-up programs for both commercial and residential projects.


IMA customizes an administration program for each wrap-up client. These capabilities include:

Database Capabilities

  • Enrollment Information
  • Welcome Letters
  • Certificate Tracking
  • Monthly Payroll Tracking
  • Contractor and Subcontractor Credits
  • Change Orders

Reporting Capabilities

  • Contractor Inventory (enrolled parties)
  • Monthly Payroll/Exposure
  • Change Orders
  • Contractor Credits
  • Policy Numbers

Not all builders’ risk policies are created equal

IMA develops builders’ risk programs that mirror clients’ risk appetite. IMA has relationships with regional, national and London markets. The global reach offers access to specific programs for global clients.

Challenges and issues in this area of insurance
  • Flood & earthquake coverage
  • Design responsibilities
  • Alternative project funding (public-private partnerships)
  • Wind Hail exposures and retentions
  • Site security
  • Existing building coverage & early occupancy
  • Owner-versus-contractor provided policies
  • Large retentions & risk transfer
  • Special requirements tax credit and HUD projects
  • Coverage forms
  • Testing, professional services, financing, damages, and other soft costs and their impact to program design
  • High hazard territories and reinsurance requirements
Industry focus
  • Commercial Construction – New and Renovation
  • Heavy Civil Contractors – Bridges, tunnels, dams
  • Power and Industrial – Wind, solar, nuclear, coal
  • Residential Construction – Homebuilders, condos and apartments
  • Contractors/Owners
Program structures
  • Master Builder’s Risk Program – Dedicated policy structure, limits and rates
  • Project Specific – Policy tailored for a specific project
  • Quota Share – Two or more carriers take on an allocated percentage of the risk
  • Loss Limit – Policy limit set to an agreed upon value