BancorpSouth and Cadence Bank have come together. Here's what you need to know: BancorpSouth customers / Cadence customers
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Construction

Risk management professionals that understand your unique risks.

construction workers on site

You need a team of risk management professionals that understand your unique risks. Cadence Insurance partners daily with builders, designers, contractors, and trade specialists to optimize every aspect of their operations and organizations. In doing so, we help ensure the best coverage possible while reducing costs. Beyond a policy, you can rely on our in-depth value-added services to protect your project, regardless of how large, complex, or specialized.

Innovative Strategies

Our Cadence Insurance Construction Practice team offers solutions through innovative strategies. In striving to improve your coverage, we focus on various aspects, including risk transfer options such as captives, high-deductible and self-insured retention options, annual aggregate deductibles and retrospective rating plans.

Additionally, we rely heavily upon expertise from other areas of specialty, including:
Surety

Our Surety professionals have extensive construction accounting and private equity experience. Their expertise extends to bid preparation, performance and payment bonds, as well as license, permit, court, appeal, plugging, and abandonment. We negotiate the best Surety rates with multiple companies and offer flexible indemnity positions that reduce personal financial risk.

Loss Prevention and Control Services
Effective loss control is an investment. We help clients proactively prevent, lessen, and manage exposures while reducing the frequency and severity of losses. Our risk improvement professionals identify critical areas that require improvement. We facilitate training and process updates to assure clients meet regulatory requirements and that exposure areas with the most risk are targeted and improved. We can provide on-site reviews, critiques, and training to help preserve operational integrity.
Contract Review
We offer indemnification provision reviews and limits and coverage requirement reviews for insurance compliance.
Carrier Access
Although we have access to and relationships with hundreds of carriers, we only do business with carriers that have at least an A rating which allows us to ensure you the best coverage and pricing possible. Our dedicated marketing colleagues will help you see all options available to you regarding guaranteed cost, deductible, retention, and captive programs.
Classification Analysis
We will review and advise you regarding proper classifications for General Liability per ISO and Worker’s Compensation per NCCI. Additionally, we provide advice about payroll allocation associated with class code selection and provide scope pages for your review and understanding upon request.
E-Mod Verification and Analysis
Once we verify paid and incurred losses with your carrier, we will review open claims for accuracy in reserves. Additionally, we verify paid and incurred losses with NCCI and instruct your carrier to reissue unit statistical cares to NCCI for any take down in loss. Finally, we assign in-house Risk Improvement (Loss Control) colleagues to impact your modifier positively.
Claims Handling and Review
Our dedicated staff responsible for reporting and auditing the claims process will provide regular follow-ups on claims to assure prompt closing and payment. We will assure accuracy and timeliness during the review process and assess possible impacts on your coverage. Finally, we will coordinate and communicate solutions with all necessary parties, including your in-house safety team.

Cadence Insurance is here to be your partner before the groundbreaking, during topping out, through the ribbon cutting and beyond. Let our Construction Practice team help you devise a plan customized to your needs by reaching out here.

Coverage Offered

  • General Liability
  • Workers’ Compensation
  • Auto
  • Excess Liability
  • Pollution and Professional
  • Builders Risk
  • Property
  • Inland Marine
  • Installation Floater
  • Rigging Liability
  • OCPs
  • Railroad Protective
  • Subcontractor Default
  • Cyber
  • Directors & Officers' Liability
  • Corporate Identity Protection
  • Fiduciary Liability
  • Owners Interest
  • Rolling Programs
  • Master Programs
  • Project Specific Programs
  • Joint Ventures
  • Controlled Insurance Programs - CCIPs, OCIPs, WRAP
  • International
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