Do You Effectively Protect Your Construction Business?
Imagine if you knew all your bases were covered and you could focus solely on growing your business. Sound crazy? This program can make that happen.
Business Insurance
Builders Risk
Bonds
Payroll/HR
Retirement
Group Benefits
Succession Planning
Do Business Confidently
This program is more than just a new insurance quote.
ConstructionGuard© is risk management that gets results.
ConstructionGuard Works For Any Construction Business
General Contractors | Remodelers | Residential | Commercial | Specialty Trades | Design-build
1
Schedule
Set an appointment with one of our experts
2
Analyze
We will review your current situation and conduct a thorough needs analysis.
3
Implement
Our team will help you put your plan in motion.
Download Your FREE Guide Today!
Are you up to date on your OSHA standards? If you were inspected today, would you pass? OSHA fines can add up quickly, and your workers can be left vulnerable. This guide contains summaries of the most frequently used standards in the construction industry. It’s yours free (all 40 pages) – we promise not to bug you!
Business Insurance
You’ve worked hard to build your construction business. The countless hours between client meetings, sub-contractor scheduling, job bidding add up fast. It’s a lot and we know it. Having the right construction insurance for your business is vital. When something goes wrong, you need to know with certainty that your policies will respond the way you want them to.
Coverages Include:
- General Liability
- Errors and omissions
- Property
- Workers Comp
- EPLI
- Cyber Liability
- Directors and Officers
- Business interruption
- Crime
- Pollution
Builder’s Risk
Construction projects, regardless of their size, can present complex insurance issues. A builder’s risk policy will financially protect builders, contractors and project owners from losses to property during the course of construction. Magnolia Insurance Group can protect you in the event of fire, flood, or theft. Our experts can even offer additional coverages to customize your policy to suit your needs.
Since builder’s risk coverage only deals with the property, it does not include coverage for worksite injuries or design/construction defects. For any mishaps that occur on the job, you should rely on liability and workers’ compensation insurance policies for coverage.
Additional coverages include policy time frames, financial costs due to delays, unexpected costs such as taxes or penalties, coverage for framing, cleanup, or debris
Bonds
- Bid Bond – provides financial assurance that the bid has been submitted in good faith. The contractor intends to fulfill his/her responsibilities at the price bid and will provide necessary performance and payment bonds.
- Performance Bond – protects the project owner from financial loss if the contractor fails to perform the duties outlined in the contract.
- Payment Bond – guarantees that the contractor will pay subcontractors and laborers, and for supplies relating to the project at hand.
Payroll and HR
Human Resources is at the heart of proper risk management. Businesses are made up of people. Those people interact with customers (people) or other businesses (again, constituted of people). SO the effective management of people is vital to managing an organizations risk. Through our partnership with Payroll Medics, we are able to offer comprehensive HR and payroll services at a very affordable price. In fact, as a client of Magnolia insurance Group, you will receive a discount off their regular pricing.
Retirement Plans
Part of maintaining a healthy workforce is planning for the future, and retirement is a vital part of that planning. The risk of outliving your money is too great to ignore. Hilbert Financial Group, a registered investment advisor, is equipped to help personnel of all levels; from ownership to entry-level employees. Ask your Magnolia Insurance adviser for an introduction to HFG today.
Services Include:
- Individual Planning
- Payroll-deducted IRAs
- 401k Plans
- And More!
Group Health Plans
Does health insurance confuse you? Are you as a business required to provide it? Health insurance is an ever-changing landscape, but you don’t have to be overwhelmed by it. Dedicated advisers at Magnolia Insurance are ready to help you. Just schedule an appointment today to get the wise advice you need.
We provide:
- Multiple carrier options
- Easy to use technology
- Traditional plans
- Self-insured options
- Enrollment services
- Ancillary products including dental, vision, life, accident, cancer, and more.
Business Succession Planning
Like most businesses, you are likely making plans for the future of your company. But how far ahead do you look? What scenarios have you accounted for? Do any of your plans operate if you or other owners arent in the picture? Good risk management takes into consideration the succession of a business. Succession planning accounts for both planned and unplanned changes in ownership. You may plan to retire and sell the business one day or pass it down to heirs or other partners. But what happens if an owner suddenly dies or is incapacitated? Magnolia Insurance Group has highly skilled experts ready to help you mitigate business succession risk.
