Today’s building process is complex and each project delivery method has its own unique set of risks. Seldom do all the parties involved with a project have a comprehensive understanding of all these risks. While owners and contractors are called upon to react to many issues, managing all the participants and risks associated with the project often falls to the contractor. HKMB HUB International has been providing insurance and risk management advice to contractors for over 100 years. Let us put our experience to work for you.
Claims » Loss Control » Surety » Cost Control » Contract Analysis » Policy Wordings » Team Approach
Claims
HKMB HUB's in-house Claims Team has the resources, the expertise and the clout to provide our clients with first rate assistance in negotiating fair, expeditious settlement of claims. We have handled many difficult liability claims as well as losses related to fire and theft. We understand property/equipment replacement options, business interruption effects and your legal liabilities.
Loss Control
Losses can cause construction delays and cost overruns that will affect your bottom line. HKMB HUB's loss control team can assist you in developing a proper loss control plan that will aid in the prevention of costly accidents.
Surety
HKMB HUB's centralized Surety Team provides fast and focused expertise, negotiating surety bonds for all types of businesses, domestically and internationally.
Cost Control
HKMB HUB understands the implications of wrap-up policies and the reasonable loss expectations at certain stages of construction. We are able to present these probabilities to Insurers, and obtain the most competitive costings.
We are also familiar with the effects of deductibles and other self-insurance techniques which can be used to control overall risk financing cost.
Useful Contract Analysis
HKMB HUB assists contractors by providing contract analysis at the bidding and execution stages, including advice on contractor responsibilities, performance and insurance commitments.
We have dealt with all facets of design/management activities relating to major projects, including CCA standard documents and special contracts.
Policy Wordings Meet Client Needs
HKMB HUB's specialized knowledge enables us to manuscript policy wordings that meet our Clients' specific requirements for exposures such as:
- Builders Risk/Installation Floater
- Equipment, Owned and Leased
- Contractor's Liability
- Testing, Blasting, Underpinning, etc.
- Aircraft, Watercraft, Environmental
- Design/Professional Liabilities
- Claims Made/Occurrence Policy Formats
Always Someone There
HKMB HUB takes a team approach to account management ensuring that an informed person is always available to respond to client requests.
