construction comes with risks unlike any other business.  

As a general contractor, your work involves numerous risks, from job site accidents to equipment damage and liability claims. The right insurance coverage is crucial to safeguarding your business. But beyond simply having insurance, partnering with our agency that provides risk management consulting ensures you’re protected from every angle.

At Sound Risk Management, we understand that general contractors face unique risks. That's why we offer specialized insurance solutions tailored to your business. From reviewing certificates of insurance from subcontractors to assisting with workers’ compensation and general liability audits, our services go beyond traditional insurance offerings. We believe that a good insurance agent should also be a risk management consultant. 

Why General Contractors Insurance is Essential

General contractors deal with many moving parts. Whether you're coordinating multiple subcontractors or managing construction timelines, there are inherent risks. Accidents happen, and if you don’t have the right insurance, you could face financial disaster. Standard policies such as General Liability Insurance and Workers' Compensation Insurance are foundational, but comprehensive coverage goes further.

We shop for the best policies available to ensure you get coverage that fits your specific needs.

Do You Understand, NYS Labor Law 240 - The "Scaffolding Law" -  AKA "Action Over" or "Labor Law Coverage"?     We do...

In New York, general contractors must comply with specific regulations that increase their exposure to liability. One of the most important is New York State Labor Law 240, commonly referred to as the "Scaffolding Law." This law imposes absolute liability on contractors and property owners when workers suffer gravity-related injuries, such as falls from heights or accidents involving falling objects.

Due to the strict nature of Labor Law 240, contractors must be especially diligent about their insurance coverage. Failing to have the proper protections in place could result in significant financial consequences. This is where risk management consulting becomes essential — helping you evaluate and ensure your coverage aligns with these specific legal requirements. Our team at Sound Risk Management can help you navigate these regulations and protect your business from costly claims.

The Importance of a Risk Management Consultant

A key differentiator between an average insurance agency and a comprehensive risk management service is the added value of consulting. At Sound Risk Management, we offer several services that help general contractors navigate the complexities of their insurance policies and reduce risk:

• Insurance Certificate Reviews / Subcontractor Management: It’s critical to ensure your subcontractors are carrying the appropriate insurance. We provide detailed reviews to confirm their coverage meets your contractual requirements.

• Indemnity Agreements and Contract Reviews: We assist in reviewing the insurance requirements outlined in your job contracts to ensure your coverage aligns with project needs.  Working with us this is done in advance of presenting bids and helps ensure your margins are not cut by unforeseen insurance costs. 

• Workers’ Compensation & General Liability Audits: Insurance audits can be stressful. We assist contractors in preparing for and navigating these audits, ensuring compliance and reducing potential liabilities.

More Than Just Insurance Broker: A Long-Term Partner

At Sound Risk Management, we pride ourselves on being more than just an insurance broker. We act as trusted advisors, working closely with you to reduce your insurance costs while providing superior protection. Through our access to multiple markets, we secure policies that offer the best value and protection for your business.

To learn more about how we can help protect your business and offer expert risk management consulting, contact us today.