Verge Insurance Group

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CONSTRUCTION 


Building custom programs for the construction industry…

Our Construction division is staffed by experts who understand the needs of all types of construction contractors in many different areas of the construction industry sector.

We are members of the Heavy Construction Association and the Niagara Construction Association

COVERAGE HIGHLIGHTS INCLUDE:


•  Builder’s Risk Coverage
•  Blasting, Shoring, Underpinning
•  Equipment Floaters
•  Contractor’s Liability
•  Environmental Liability
•  Wrap Up Liability
•  Design and Professional Liability
•  Directors and Officers
•  Employment Practices
•  United States Liability and Worker’s Compensation
•  Fleet Insurance
•  CCDC Compliance

CONTRACTORS’ EQUIPMENT:

 

·       Coverage for rented, leased or borrowed equipment

·        Replacement cost on newer equipment

·        Loss of income due to loss of use of equipment

      ·     Rental reimbursement for equipment
CONTRACT SURETY BONDING:

Our centralized surety team provides a high level of expertise arranging surety terms for our clients. The surety team routinely assists clients with the preparation of the necessary information in the manner required to obtain the most beneficial bonding facility, be it first time bonding or increasing your capacity. All bonds are prepared by our team, utilizing our powers of attorney for the major surety companies. Customized bonds are dealt with quickly and accurately. All types of bonding are routinely underwritten.
Let us ensure that you and your contracting customers have access to an entire line of products that are required to properly protect your interests. 
. 
OUR SURETY BONDING PRODUCT OFFERING:

 

·         Bid Bond
·         Tender Bond
·         Surety’s Consent
·         Agreement to Bond
·         Performance Bond
·         Labour and Material Payment Bond
·         Supply Bond 
·         Maintenance Bond
·         Lien Bond 
·         Release of Lien Bond

 

RISK MANAGEMENT SERVICES:

 

·       Loss Control Design
·       Contract Analysis
·       Custom Policy Wordings
·       Team Approach
·       Alternative Risk Financing
·       Premium Finance
·       Centralized Surety Team
·       Business Continuity Planning
·       Fleet Safety Consulting
·       Customized Support Team for quick issuance of required documents/bonds
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