New home construction client builds $2.5m profit center while reducing construction defect risk.
A large BKS Construction client experienced significant construction defect liability for new home development. The client’s subcontractors had unreliable insurance coverage in place and expressed about administrative responsibilities in launching a wrap up insurance program.
BKS Partners launched a wrap-up insurance program to consolidate insurance purchasing, minimize coverage gaps, and lower costs. We were able to isolate subcontractor responsibilities to offsite liability, workers comp and auto. BKS was also instrumental in developing internal invoicing and administrative processes which prevented subcontractor burden.
