M. Adams & Associates, Inc.

Umbrella Liability Policies are designed to provide further protection against third party bodily injury and property damage claims in excess above your primary policy limits. Primary policies are your General Liability, Business Auto and Employers Liability (Work Comp) policies.

Cyber Liability Insurance typically covers your business’s liability for a data breach that involves sensitive customer information. This includes credit card numbers, Social Security numbers, account numbers, and health records just to name a few.

Workers’ compensation covers the costs of employee injuries and illnesses, including lost wages and more. It’s required by law in most states for business with employees.

When an employee is injured or sickened on the job, workers’ compensation insurance will pay for medical expenses, lost wages, rehabilitation costs, and death benefits.
\r\n
\r\nYour business depends on your employees, your most valuable asset. Make sure you keep your business running by protecting your employees and giving them the confidence to work with you safely.

The Fiduciary Liability Insurance Policy (FLIP) is designed to protect fiduciaries against breach of fiduciary duty claims and more. It is the only type of insurance that does so. Contrary to popular belief, ERISA bonds and employee benefits liability (EBL) coverages do not fully cover fiduciary exposures.

Builder’s Risk insurance policies protect the construction project from the ground up to completion. The coverage protects not only the physical structure but also provides financial protection for the owner, builder, lending institution, subcontractors and material suppliers. The coverage incorporates materials, fixtures and equipment to be installed. It can also be extended to cover tools on the jobsite as well.

The Builder’s Risk form is flexible and can be underwritten to meet the needs of all parties involved in the project, municipal or private. These needs will vary by the nature of the construction project, its value and any contractual obligations. It can include business income and extra expense coverage, losses due to earth movement or flood, increased costs due to an ordinance or law and system testing.

There are many extensions and variations of coverages to the policy. Coverage may be extended to include the soft costs that arise when a covered loss causes a delay in the project. Some examples of soft costs include lost sales or rental income, interest on loans, taxes, and other expenses. These financial concerns must be considered when purchasing a policy.

Extensions are also purchased for scaffolding, construction forms and temporary structures; debris removal and disposal in the event of a loss; and pollutant cleanup. Coverage may also be available to cover the cost of upgrading a construction site to meet higher “green" environmental standards.

Additional interests to be named on the policy may include any person or company with a financial interest in the construction project such as the property owner as well as the general contractor and subcontractors. If the project is being financed, the lender will require coverage and have to be listed as an insured.

Owner Controlled Insurance Program and/or Contractor Controlled Insurance Program

Contractor's Legal Liability insurance rounds out your construction insurance program by providing coverage for job site pollution events, clean-up costs, defense costs, claims expertise, limits you need.  

Employment Practices Liability Insurance (EPLI) protects employers from allegations made by employees claiming discrimination, harassment, wrongful termination, and other employment related issues. The most discerning employer can find themselves in a situation where an employee believes that their legal rights have been violated and find themselves defending a lawsuit.

Broadened coverage for your owned, leased, borrowed equipment and tools including employees tools for physical damage and theft.  

Cover your installation materials while in transit and at the job site.  Loss valuation can include labor, overhead, & profit.

Railroad Protective Liability (RRP) insurance is required of contractors who perform work on or around railroad tracks, railroad right of way, or owned railroad property.  Railroad Protective Liability Insurance protects railroads from potential railroads from financial risks and hazards.

Owners &  Contractors Protective Liability Insurance provides dedicated limits to the named insured (usually the project owner) for covered bodily injury or property damage arising from work being performed for it by the designated contractor at the job site.

Coverage for your fleet includes liability, physical damage, hired and non-owned auto liability, rental reimbursement, towing, etc. Every company’s fleet is unique to their operations. Our experienced staff will design a policy for your company at a competitive price with the essential elements of coverage that you need to run a successful business.

Specialty construction insurance programs for street and road, pavers, line strippers, excavation, site utility contractors, sewer, drywall, etc.

Contract surety bonds for all types of contractors.  Work programs designed to give you the freedom to secure competitive contracts with ease.  Bid Bonds, Performance/Payment Bonds, Maintenance Bonds, Sub Division/Site Improvement Bonds, and bonds for start up companies.

Our team is prepared to offer assistance and guidance in training, fleet control, construction safety, property hazards, ergonomics, employee safety, product safety, and more. M. Adams & Associates partners with its clients and client insurance companies to help minimize or eliminate risk. Joining together with the insurance company loss control services our staff will assist you to:

• Implement your loss control program. If you do not have a Loss Control Plan, we have templates for you to use to guide you along.
• We provide a team approach to coordinate loss control efforts between our account executives, clients and insurance company safety consultants.
• We will help you set up and install insurance wording to prevent your subcontractors from involving you in their claims.
• We review every one of your subcontractors’ certificates of insurance to verify they have in place the proper coverage to protect you.
• Our core program also includes review of the Contractual Risk Transfer enforced on our clients as required by construction contracts. We also provide additional coverages as specified by contract: Owners and Contractors Protective Liability, Railroad Protective Liability, Contractors Professional Liability and Environmental Protection Liability.
• If a claim does occur, our team works directly with claim professionals to monitor claim management and their outcomes.
• Coordinate and keep our clients up-to-date on safety including OSHA 10-Hour, NFPA, DOT, MSHA and industry best practices.

Our team works directly with claim professionals to monitor claim management and their outcomes such as open reserves and claim settlements. This helps reduce the negative impact on your workers compensation experience modifier promulgated by the workers compensation bureau.