Construction Practice Group

Turning Risk into Reward with Expert Captive Management

Companies in the construction industry face unique risks, from project delays & accidents to liability & property damage.

A company in this sector might form a captive or explore alternative risk transfer strategies for reasons that include:
  • The need for tailored risk management solutions to address the specific risks of construction projects
  • The desire for more stable and predictable insurance costs
  • The opportunity to gain direct access to reinsurance markets, potentially lowering the cost of risk
SRS leverages a comprehensive suite of tools to address these challenges, including captive formation and management, risk assessment services, and customized insurance program design. Our team works closely with construction clients to identify unique risk profiles, then crafts bespoke captive insurance solutions that include targeted coverage in areas where traditional insurance might fall short.
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Benefits and Outlook for 2025... & Beyond

Clients can expect significant savings delivered through reduced insurance costs and improved cash flow management. Key performance indicators (KPIs) such as Total Cost of Risk (TCOR) and return on safety investment (ROSI) currently show marked improvement and are poised to continue in that direction.

Looking ahead, the construction industry is well positioned for growth, with captives playing a critical role in managing the evolving risk landscape. Companies partnering with SRS can expect enhanced risk management capabilities and better financial performance, making now an opportune time to explore SRS captive solutions.

Construction Practice Group FAQs

How can a captive insurance company help manage the unique risks in the construction industry?
A captive can provide tailored coverage for industry-specific risks such as project delays, equipment damage, and liability issues¬¬¬¬¬—all of which standard insurance policies may not adequately cover. This customized coverage allows for more flexible and comprehensive risk management.
Can a captive insurance solution help in stabilizing insurance costs for construction projects?
Yes. By directly controlling the underwriting and claims processes, captives can help stabilize insurance costs over time, reducing the volatility typically associated with commercial insurance markets.
How does SRS assist construction companies in setting up a captive?
SRS provides end-to-end assistance (including feasibility studies, domicile selection, regulatory compliance support, and ongoing management), ensuring your captive aligns with your risk management goals.
Are there specific construction risks that are more effectively managed through a captive?
Yes. Risks such as subcontractor default, environmental liability, and professional indemnity are examples for which captives can offer more customized and effective coverage solutions.
What are the long-term benefits of using a captive for construction risk management?
Beyond cost savings, long-term benefits include enhanced control over claims, improved safety and loss prevention programs, and the ability to respond flexibly to the industry’s evolving risk landscape.

SRS Construction Practice Stats

  • 45 Single-Parent Captives
  • 5 Cell Captives
  • 13 Group Captives
  • More than $250 Million in Annual Premium Volume
13 Active Domiciles
    • Alabama
    • Arizona
    • Bermuda
    • Cayman Islands
    • Georgia
    • Luxembourg
    • Missouri
    • North Carolina
    • Oklahoma
    • Oregon
    • Tennessee
    • Texas
    • Vermont
SRS owns or partially owns several different sponsored cell facilities across the globe with the aim of offering cell vehicles to the construction industry.
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Construction Sectors Served

  • Architectural Design
  • Bridge Construction
  • Building Construction
  • Concrete
  • Demolition & Dismantle
  • Design-Build
  • Electrical
  • Engineering Services
  • Excavation
  • General Contracting
  • Heavy Construction
  • Heavy Rigging
  • Highway Construction
  • Industrial Construction
  • Lean Construction
  • Limestone Quarry
  • Masonry
  • Painting
  • Paving
  • Plumbing & HVAC
  • Production Plant
  • Residential Construction
  • Residential Remodeling
  • Roofing
  • Sheet Metal Fabrication
  • Strip Mine Excavation
  • Site Development
  • Underground Utilities
  • Steel Fabrication
  • Stone Setting

Insurance Programs We Manage

  • Auto Liability
  • Auto Physical Damage
  • Completed Operations
  • Employers Liability
  • General Liability
  • Home Warranty
  • Medical Stop Loss
  • OCIPs/CCIPs
  • Professional Liability
  • Structural Defect
  • Subguard
  • Workers Compensation

About Strategic Risk Solutions

SRS is the world’s largest independent insurance company manager. With over 25 years’ experience, SRS provides management and consulting services to a wide range of insurance company structures, from single-parent captives to complex commercial insurers and reinsurers. SRS has operations in North America, South America, Europe, Barbados, Bermuda, Canada, Cayman Islands, and South Africa.
Establish a trusted partnership with SRS.
Existing Captives
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