Our Specialty Services

Construction

Construction

Real Estate

Real Estate

Employee Benefits

Employee Benefits

5 Star Service™
Client-Focused, Results Oriented

PentaRisk 5Star Service™ is comprised of specialized departments that strategically join forces to handle the risk management issues you face:

We deliver our services through a client-focused account team. Each team is managed by an experienced broker and risk management professional and includes a dedicated account executive, loss control and claims management specialists, and experienced account servicing personnel. This team approach achieves a level of success that goes far beyond our competition.

 

Commercial Insurance Services

Commercial Insurance Services: Property and Casualty
At PentaRisk, our goal is to protect the financial well-being of our clients. Central to PentaRisk’s success is our ability to reach beyond the conventional handling of commercial insurance using creativity and attention to the individual needs of our clients. With service that extends beyond mundane tasks or complex solutions, PentaRisk is committed to a level of professionalism that exceeds our clients’ expectations.

Negotiation and Placement of Custom Insurance Programs

As a full-service boutique insurance brokerage, we can place an array of coverage, a sample of which includes, but is not limited to:

  • General Liability
  • Excess Lines/Umbrella
  • Automobile Liability
  • Workers’ Compensation
  • Commercial Property & Inland Marine
  • Professional Liability
  • Environmental Liability
  • Management Liability
  • Foreign Liability
  • Captive Insurance Programs
  • OCIP/CCIP – Wrap-Up
  • Immediate certificate of insurance issuance
  • Laminated insurance cards for vehicle fleet and emergencies
  • In-house invoicing and accounts payable processing
  • Contract review
  • Risk diagnostic report
  • Policy review
  • Audit review
  • Premium finance capabilities
  • Project-specific policy placements
 

 

Loss Control & Claims Management

At PentaRisk, Loss Prevention and Claims Management services work as a team to reduce the loss potential associated with our clients’ business operations. Through observance and consultation along with determining frequency and severity trends from historical loss data we can develop customized programs to prevent Property, Liability, Fleet, and Workers’ Compensation losses. These programs are available as part of the services we provide without additional fees (in most cases). This allows our team to participate on a continuous basis while providing services with no interruption or purchased hours running out. Our Owners’ Safety Dashboard application provides owners and risk managers with updated information on their safety performance and prefills your OSHA 300 log.
 

Employee Benefits

Our experienced team helps you navigate the ever changing benefits landscape with tailored services including:

  • Cost management strategies
  • ACA compliance and support
  • Vendor management
  • Extension of your HR staff

We have relationships with all the top markets, and deliver cutting edge benefit programs to keep your employees healthy and happy. 

Surety Services

PentaRisk has decades of combined experience and established relationships with A-Rated sureties all across the nation. Our services far exceed simply delivering a bid, performance or payment bond. PentaRisk’s technical skill and professionalism are unmatched in the industry. From International accounts to middle market accounts to smaller specialty accounts, PentaRisk makes placing bonds easy so that you can achieve your business goals. Some of the services we provide include:

Bid, Performance and Payment Bond Implementation

A surety broker’s most important function is to assure that the bonds are executed and delivered to exact specifications. PentaRisk holds powers of attorney in every surety market we represent to ensure flawless execution of your surety services.

Surety Marketplace Monitoring

The surety market is complex and constantly changing. PentaRisk continuously monitors the marketplace for new companies entering the trade and for underwriting procedure changes in established firms. PentaRisk clients are constantly provided with the most recent information regarding rate, indemnity, work program trends, carrier financial strength, and commitment to the marketplace.

Building Strong Surety Relationships

As the main point of communication between the contractor and the surety, PentaRisk works to assure that the expectations of all parties are clearly defined and to maintain strong surety relationships. We can also leverage our relationships with financial institutions, CPAs and other contractors to create partnerships that would help you in the execution of your business plan.

Owners and Subcontractor Pre-qualification

Management of subcontractor/specialty contractor exposures has become a vital issue for project managers in the highly competitive construction marketplace. Risk can be mitigated by requiring these subcontractor/specialty contractors to be bonded. However, many times the outcome of this request is a bond written by a financial weak surety company. PentaRisk can confirm that the bond you are accepting is backed by a responsible surety company. When subcontractors are unable to secure required bonds, PentaRisk may also be able to assist in the process.

Subguard

Subcontractor Default Insurance is a viable alternative to traditional subcontractor bonding. This alternative is typically designed to meet the needs of construction companies with annual subcontract volume of more than $50 million. This product provides comprehensive coverage for all subcontractors, and allows the general contractor to take quick, effective control of its project in the event of a subcontractor default.

 

Risk Management Services

We use custom designed risk management strategies and procedures to lower your risk profile. Starting with a comprehensive risk diagnostic review of your operations, safety program, subcontract agreement, bid qualifications, insurance coverage, and claims history, we recommend practical solutions to lower your risk profile, which leads to immediate insurance premium savings.

Our services include:

  • Updated subcontractor insurance requirements
  • Review and update of your safety program
  • Subcontractor insurance compliance audits and training
  • Project manager and estimator training on project and contract risk
  • Bid qualification wording
  • Builders risk strategies with owners’ contracts