Construction risk advisory and management services
Demand for construction is a constant. But the construction industry faces both perennial and new challenges. Construction companies need a partner experienced with current and emerging risk issues who can help you respond quickly to changing circumstances.
We are a global leader in construction risk management and insurance. We have over 50 years of experience and a team of 500 specialists with a wealth of market knowledge and construction industry experience who can help you with any challenge. We work with a wide range of clients including owners, developers, contractors, subcontractors and more.
Construction industry challenges
The construction industry faces ongoing challenges, including a scarcity of materials, shortages in available skilled talent and general economic uncertainty. And each project faces its own unique risks.
New challenges are always emerging. With the growth of digitization, the construction industry faces new cyber and intellectual property-related threats. And with investors adopting environmental, social and governance (ESG) factors, climate considerations are growing in importance too.
Through our dedicated global construction team, we can find the right expertise and provide informed guidance to help you identify and create effective risk management, risk mitigation and risk retention/transfer strategies.
Our construction industry expertise
Here are some of the benefits of working with us:
- Data-driven solutions: We use advanced tools and analytics to help you make smarter decisions about your construction project. We can help you find a balance between risk and reward, while optimizing your risk transfer and mitigation strategies.
- Industry-specific products: We offer customized products that are tailored to the specific needs and challenges of the construction industry. We have solutions for every stage of the project cycle, from planning and design to construction and operation.
- Insurance and surety bonds: We have access to a wide range of construction-specific insurance products and surety bonds. We can help you design and negotiate competitive coverage and terms for your project.
- Global and local expertise: We have a team of 500 construction specialists around the world, who have deep knowledge and experience in the construction industry. We can provide you with local insights and global best practices, and help you navigate the complex and changing regulatory environment.
- Trusted partnership: We are more than just a service provider. We are your partner in success. We work with you to understand your goals and challenges and deliver effective and innovative solutions that meet your expectations.
Our globally integrated construction specialists have one goal: to address your specific risk issues, both now and in the future. With our depth and breadth of construction experience, we will partner with you to deliver effective risk solutions.
WTW hopes you found the general information provided here informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, WTW offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).
