Our Specialty Services
5 Star Service™
Client-Focused, Results Oriented
- Commercial Insurance Services
- Loss Prevention & Claims Management
- Employee Benefits
- Surety Services
- Risk Management Services
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
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
- 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.
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.
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
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