New Construction Company Overcomes Costly Gaps and Sleepless Nights
July 28, 2025
A construction company cut premiums by 50% and secured insurance coverage through a strategic partnership and advocacy.
A construction company cut premiums by 50% and secured insurance coverage through a strategic partnership and advocacy.
A new utility construction company with just a year of operations under its belt was facing an uphill battle. As a young business in a high-risk industry, they were navigating insurance without the guidance of a broker specialized in construction. Their previous insurance setup had placed their property and casualty insurance in the wholesale market with a nonstandard carrier, which meant higher costs, holes in their coverage, and less peace of mind.
One of the most pressing concerns for the company owner was a multi-million dollar piece of specialized equipment that was required by the insurance policy to be stored in a secure building at the jobsite each night. This was an impossible condition to meet and left the owner going to bed feeling uneasy, knowing he was on the hook for a major financial risk.
The company needed someone who could understand the nuances of construction, advocate for them with underwriters, and build a program that would grow with them.
The Miller Group’s team brought deep industry knowledge and a strategic mindset to the table. From the start, they recognized that the key to securing better coverage wasn’t just about numbers—it was about telling the company’s story in a way that would resonate with underwriters.
Our Business Development Manager highlighted the leadership team’s background to underwriters, including their previous experience with California firefighting efforts, and shared the company’s thoughtful business development plan. He worked closely with both the construction company and underwriters to demonstrate how the company was managing growth responsibly and setting itself up for long-term success.
The Miller Group was able to get the company out of the nonstandard market, securing insurance that was a significant upgrade in coverage and with fewer exclusions. They also eliminated limiting verbiage within the “additional insured endorsements,” a critical component in construction contracts that protects upstream parties like project owners and general contractors. These endorsements are complex, but The Miller Group’s expertise ensured it was handled correctly and efficiently.
Throughout the process, The Miller Group team maintained clear, consistent communication. The company owner was never left in the dark; he understood what he was buying, why it mattered, and how it would protect his business.
The results were immediate and impactful:
Most importantly, the construction company now has a trusted advisor and a specialized account team that understands the construction industry inside and out. The young company can now continue growing with confidence.
If you would like a strategic approach for your insurance and risk program, reach out to an advisor at The Miller Group. An advisor specialized in helping construction companies can share how to reduce your risk, gain peace of mind, and build a foundation for growth.