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Surety

We have experience in managing some of the largest and most complex surety programs, both international and domestic as well as contract and commercial.

Our approach to all surety accounts is to utilize the resources we have across our organization and curate a team that best ﬁts our customer’s needs.

Highlighting Your Strengths: We begin with an analysis and comprehensive understanding of your company and the projects it performs. We then use this information to develop a carefully packaged submission that demonstrates your business principles, project success, and company growth. By providing an overview of your operations and philosophy, we eliminate assumptions, save time, and build confidence with the underwriter. This translates to more favorable terms and faster response times from the market.

Embracing an Innovative Mindset: We stay on the cutting edge of product development and growth, providing you with the surety solutions best equipped to meet your needs.

An Ongoing Management of Your Program: Our philosophy is to continue as an on-going resource for you and your company, evolving to meet your needs as they change over time. This approach allows us to constantly reevaluate and adjust our plan of action so that it remains tailored to your business and optimized to meet goals relevant to its success.

See below for more information on the various surety programs we manage:

Contract: Our longstanding commitment to contractors is embedded in everything we do. From quickly executing bonds to introducing new project opportunities, we focus on delivering continued value to help contractors compete and win in today’s marketplace. At the same time, we never stop looking for ways to do more. Strengthened by the diverse expertise of our team and an extensive network of resources, we provide industry-leading support to help you meet strategic objectives and growth initiatives for both the short and long term.
Commercial: From small license and permit bonds to even the most complex developer bonds, our commercial platform provides products and services for the entire life cycle of your project. Our team is known for its ability to pioneer the best solutions, even when faced with challenging requirements and shifting markets. When approached early, we can develop a cost-effective package customized for each stage of your negotiations.
International: We help contractors navigate the complexities of international bonding to help preserve their valuable access to capital. While working to maximize surety capacity, we tailor all solutions to meet the specific needs and regulations of a project. Our connections and expertise span a diverse range of global markets, fueling our ability to structure bonds in Canada, Latin America, Africa, Asia, Australia, and Europe. Supporting both international and reverse flow operations, we represent some of the most reputable contractors, asset managers, and engineering firms worldwide.

Insurance

We help you analyze the risks and rewards of your program so that you can take control, save premium dollars, and change the way you do business.

American Global takes a consultative and collaborative to achieve the best results when it comes to your insurance program.

Understanding Your Needs: As opposed to just building upon your existing program, we begin with a fresh, in-depth analysis to understand your company, its current programs, and loss history. We use this information to uncover any potential risks or extra costs, formulate loss projections, and develop a thorough, comprehensive submission.
Designing & Implementing Your Program: Using the information uncovered in the discovery phase, we’re able to benchmark your program structure and costs against others working in your marketplace. After exploring alternative solutions and discussing your best options, we’ll build and execute a customized program and even modify individual policies to meet your specific needs.
Managing Your Program: Even after policies and procedures are put into practice, our continued involvement and interest in your business’ success continues. Our support and regularly scheduled meetings allow us to identify changes to your operations, address any new risk exposures, and refine our plan of action on a regular basis.

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Captives

We have the expertise and experience to help you build and design a captive insurance program that fits your needs. One distinct type of alternative risk financing is the captive.

Why Consider a Captive: Companies utilize captives for a variety of reasons, but most often, captives are formed to improve cost and gain greater control of their overall corporate risk.
Determining If a Captive is Right for You: We'll assess if forming a captive is suitable for your company. Ideal candidates often have high-risk tolerance, low loss ratios, profitability, tax-paying status, strong cash flow, long-term objectives, stable earnings, and significant insurance expenditures.
Maximizing Your Captive as it Evolves over Time: In addition to selecting a captive structure that offers maximized benefits, we continue to perform a periodic review of captive operations to ensure the captive is being utilized to its fullest potential.

Project Solutions

At American Global, no solution is out of reach. We design and service Controlled Insurance Programs across all risk areas and project types, protecting the interests of everyone involved. With your project in mind, we focus on your specific needs and risk exposures, developing a well-designed CIP program that minimizes cost and optimizes coverage.

Considering a CIP? Contact our project solutions president, John McGill, at: john.mcgill@americanglobal.com

Controlled Insurance Programs: Controlled Insurance Programs (“CIP”) can eliminate coverage uncertainty and provide more efficient use of capital when addressing project risk for Owners, Contractors, and Subcontractors. Designed for either a single project or a series of projects, CIPs can provide a solution for general and umbrella/excess liability, workers compensation, and employer’s liability.
Project-Driven Solutions: Each project stakeholder has their own view of risk, risk tolerance, and ideas for how insurance and capital can and should be used. To set your project up for success, we work to align everyone’s interests, developing a win-win situation for the architect, developer, owner, general contractor, and subcontractors.
A Full-Service Team: Under one integrative platform, we’ve combined technology and personal service to handle every aspect of your CIP program. Our construction-focused experts collaborate across multiple areas, including design and placement, safety and loss control, claims management, and program administration to ensure all your bases are covered. Supporting you at every stage of your project, we also address Builders Risk, Environmental and Professional risks, captive implementation, and actuarial services.
Valuable Data: We develop project-specific tools to optimize our client’s risk buying, resource utilization, and operational health and safety practices.
With weaponized data, you’re better positioned to make insurance-linked investments, plan for the future, and meet long-term goals.
AGLOW: RMIS Software: At the core of this platform is AGLOW, our wrap-up management software designed to streamline administration and ensure your program’s success. Web-based and customizable to clients, AGLOW offers convenient access to all information and documents relevant to a user’s participation in the program.

SPECIAL FEATURES:

- Web-based and Mobile-friendly
- Integrated Paperless Communication
- Real-time Data and Updates
- Secure Access for All Stakeholders
- Claims Integration
- Customized Reporting
- Certificate Tracking and Compliance Evaluation
- Payroll Compliance Monitoring
- Insurance Costs and Financial Performance Verification

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Subcontractor Default Insurance (SDI)

American Global has utilized its deep expertise to customize subcontractor default insurance programs for some of the most reputable general contractors and construction management firms.

SDI is an insurance program specifically engineered to protect against the potentially adverse impact upon a construction project resulting from a subcontractor's default of performance. SDI promotes claims responsiveness and has helped general contractors keep projects moving on schedule and on budget even when a default occurs.

SDI as a Tool: SDI has been a great “tool” or “sleep insurance” for GC’s that have gone bare or only selectively bonded for subcontractor default risk.  In many cases and without additional workforce/workload it has enabled a GC to enhance risk mitigation strategy (Sub Mgt; Safety, QA/QC) where it counts.
Implementation: The American Global team will place you with the SDI program and carrier that is right for you. After your program is in place, we are dedicated to working with our customers to improve their internal control procedures and subcontractor prequalification practices.
Business Development and Maintenance: SDI has been a mark of distinction for GCs and for use as a tool in business development. Some owners will specify SDI as a requirement in RFP. Many rating agencies and lenders look positively on having SDI on a project for an owner’s performance risk guarantee. American Global will help you utilize your SDI program to develop your business as well as maintain your SDI program and internal control procedures and expectations.

Alternative Project Delivery

The team at American Global has a history of providing valuable risk and insurance advisory services for a variety of P3 and alternative delivery projects throughout North America. Whether during the procurement process or post-award, we work as an extension of your concessionaire and/or contractor team to identify project risks, assist with risk allocation negotiations, advise on optimal and cost-effective insurance programs for your project and provide insurance cost estimates for your proposal, based on market indications.

Post-award, our broad and diverse construction experience enables us to clearly communicate the unique characteristics of your project to the insurance markets, helping to demystify or alleviate any concerns about project risks, thereby maximizing your project insurance coverages while reducing costs.

Learn how our experience and unique qualifications can help you successfully navigate the risks and complexities of alternative delivery projects (ADP):

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Claims

We fight vigorously on your behalf to limit the impact a loss has on your business before, during, and after one arises.

Our unparalleled support begins immediately on all claims, new and old. Working together, we help you reduce your total cost of risk, limit collateral obligations, and deliver the best underwriting result.

Our Team Becomes Your Team: Recognizing the economic impact claims have on our clients, we’ve made significant investments in developing a superior claims team. Nearly ten percent of our staffing resources are dedicated to claims, enabling us to function as your “in-house claims team” with expertise spanning across all lines of coverage.This extensive team is supported by our most senior claims leaders. These industry influencers are involved from the very beginning and remain active in managing your claims program. Their involvement is usually more than most expect but precisely the level we think our clients deserve.
Claim Prevention: Our fully integrated risk management program is designed to improve safety and reduce costs. We focus on helping contractors develop, implement and execute powerful risk management strategies, allowing them to manage and mitigate their exposure to preventable loss.
Claims Handling: We will provide you with the tools, analysis, and measurements to timely report claims and receive a quality investigation. An accurate liability assessment reflects a clear view of the exposure, ultimately leading to better outcomes and lower costs.Efficient & Expeditious Protocols:
- Thorough investigations
- Fair, reasonable & quick resolutions
- Active involvement in the claims process
- Extensive carrier resources
- Aggressive action plans to close claims
Legacy Claims: As a new client, we take a deep dive into your old claims to ensure that they have been properly handled with your best interests in mind.  In reviewing legacy claims, we have identified several missed risk transfer opportunities, allowing us to reduce reserves and close out files to the benefit of our clients’ bottom line.

Risk Engineering

Continuous improvement in the areas of safety, quality, and productivity for contractors is key to maintain their competitive edge in the industry.

The impacts of safety, quality and productivity decisions that are made daily often dictate project and contractor solvency. There is a lot at stake when it comes to the risk engineering of your company, and we provide the guidance to help you “move the needle” and get ahead of potential claims. We will help your individual projects and your organization as a whole move toward your goals by evaluating, educating, and identifying opportunities for improvement.

Evaluate Training, Operations, and Culture: Understanding the construction process is key to properly evaluating the risk exposures and controls in place. Finding the “missing link” is often challenging, but it is key to identifying opportunities for improvement, which will impact safety, quality, and productivity. Observations regarding training, operations and culture from an experienced construction professional that is not part of the day-to-day operation can be extremely valuable to achieving project and corporate goals.
Getting the engagement of all levels, including ownership, is the difference maker between organizations that are successful and those that are struggling to survive. When all levels of an organization are engaged and safety is an integral part of the process, goals can be achieved.
Educate: The education process in risk engineering is beyond regulatory compliance or “checking the box” training, it is part of a successful continuous improvement program. The quality of management, supervisory and worker training will determine the outcome. Educating supervision and the workforce on the why’s regarding risk exposures and risk controls can lead to a stronger culture and successful results for any program.
Identify Opportunities for Improvement: Assisting contractors with solutions is just another way we can help you protect your business. Often, the costs for solutions are minimal, but have a huge impact on the success of an organization or project. The solutions are typically not “off the shelf,” as the operations are typically not “off the shelf.” Let us build a custom risk engineering solution that continues to work for you and your business.

Surety

Insurance

Captives

Project Solutions

Subcontractor Default Insurance (SDI)

Alternative Project Delivery

Claims

Risk Engineering

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