Construction
Gencorp’s Construction Practice Group delivers unsurpassed customer service, quality products, and outstanding value in the management of insurance and surety programs to meet the needs of its contractor clients.
Our industry experts don’t just understand the insurance and surety businesses: we understand your business. This unique knowledge base allows us to create innovative risk management and bonding solutions, and in doing so allows you to avoid financial pitfalls and keep your business on track.
Surety Programs
A contractors’ bond program is a critical component of his business. Gencorp specializes in planning, facilitating, and optimizing the surety bond relationship. We do so by understanding our clients’ financial structure and bond requirements, and by listening carefully to fully understand our clients’ short-term and long-term business plan.
The Construction Practice Group at Gencorp continually monitors the ever-changing construction and surety industries, and builds their clients’ bonding relationship by matching the contractors’ business plan with the risk appetite, target market, and individual characteristics of the surety. This means we constantly monitor trends in rates, work programs and capacity, carrier financial strength, and carrier commitment to the marketplace.
We maintain strong relationships with virtually all of the major national and regional underwriters, to facilitate a surety relationship that is optimal for you.
We also maintain solid connections with leading CPA firms, financial institutions, and law firms, to help you create the partnerships that are necessary to advance your business plan.
Insurance Programs
Construction, by its nature, is a risky business. Gencorp’s Construction Practice Group arranges insurance programs for contractors, providing guidance on those risks that may be transferred to a third party, the insurance company. The Construction Practice Group at Gencorp has decades of insurance industry experience, and has the knowledge and resources to deliver optimal insurance programs to contractor clients.