Alternative Risk And Captive Programs
HWI provides the in-house resources to provide the most suitable program structure as well as the most efficient transfer and retention of risk. Our groups of professionals cover a variety of alternative risk programs, providing cost savings through dividends and investment income, reduced volatility, and greater control of the claims process.
Find here the best alternative risk program.
Few industries are exposed to as much risk and potential litigation as the construction industry. The construction team recognizes the importance of Total Cost of Risk (TCOR) and we work diligently to tailor comprehensive risk solutions to each individual client’s needs. Whether project specific, a master program, domestic or international project, we leave nothing to chance.
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Subcontractor Default (SDI)
The advantages of the SDI program for a prime contractor who already implements strong operational practices based on subcontractor prequalification, management, quality control programs, and subcontractor default loss control would be substantial. We understand our clients’ operations and work collaboratively to devise a customized approach that ensures efficient & effective management practices.
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Contractors engaging in public and private work rely on having adequate bond capacity to qualify for these projects. Our surety professionals offer clients a proper surety program while balancing financial stability and managing continual growth objectives. Our relationships with the surety market provide clients with a bonding facility that will offer the best terms & conditions.
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Hugh Wood Inc. collaborates with the leading wrap-up insurance carriers and administrators to ensure the most innovative and exceptional program structure for our client’s. Our knowledgeable and experienced team will negotiate and place your wrap (OCIP or CCIP) to ensure financial stability throughout the project.
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