In today’s rapidly evolving construction industry, companies face complex risks that require innovative solutions. Leading the way in addressing these challenges is Jeremy Riddle, Executive Vice President at ROEHR Insurance.
ROEHR Insurance’s success in the construction industry is rooted in his customer-centric model. He takes the time to truly understand each client’s specific needs and operational risks, allowing him to craft customized risk transfer solutions that align perfectly with a company’s appetite for risk. His ability to handle even the most complex and unique challenges has earned him a reputation as a trusted advisor in the industry.
ROEHR Insurnace’s depth of knowledge and experience provides a comprehensive suite of risk management services that go well beyond the traditional insurance placement. For construction companies, risk can come from numerous sources, and ROEHR Insurance is prepared to address these risks with targeted solutions, such as:
Contract Reviews
Identifying hidden exposures in contracts.
Safety Program Audits and Analysis
Improving workplace safety through detailed evaluations and corrective actions.
Claims Management
Reducing settlement times and improving outcomes.
Cybersecurity Analysis
Addressing the increasing threat of cyber-attacks as construction becomes more digitized.
Employee Training
Ensuring compliance with safety standards and best practices.
Surety
Managing bid bonds, performance bonds, and subcontractor bond monitoring.
Certificate of Insurance (COI) Monitoring
Ensuring vendors, suppliers, and subcontractors maintain appropriate coverage throughout projects.
These services provide clients with an extra layer of protection, ensuring business continuity and peace of mind.
The construction industry is in a state of transformation, driven by rapid advancements in automation, artificial intelligence (AI), and digital technology. With new opportunities come new risks, including:
Supply Chain Disruptions
Global supply chain fragility threatens construction timelines.
Labor Shortages
An aging workforce and fewer new entrants create a shortage of skilled labor.
Regulatory and Legal Risks
Increasing compliance costs due to stricter environmental regulations – carbon emissions, waste management, and sustainability practices.
Technology Vulnerabilities
Adoption of digital tools like Building Information Modeling (BIM) increases exposure to cybersecurity threats.
Contractual Risks
Fixed-price contracts create financial risks as material and labor costs rise.
ROEHR Insurance has developed an unmatched expertise in identifying and foreshadowing these emerging risks. This foresight allows ROEHR Insurance to stay ahead of industry changes and ensure their clients remain protected against evolving threats.
What sets ROEHR Insurance apart from traditional risk advisors is our ability to offer non-conventional insurance solutions that go the traditional insurance placement. Our expertise encompasses a range of advanced financial tools designed to transfer risk, including:
Captive Arrangements
Allowing construction companies to create their own insurance entities or join established group captives with other construction companies to better manage and finance risks.
Loss-Sensitive Programs
Customizing insurance with high deductibles for clients with favorable loss experiences.
Alternative Risk Financing Options
Innovative methods to reduce insurance costs and improve cash flow.
This strategic approach ensures construction companies are not only protected but also maximizing their financial outcomes over time.
In an industry as dynamic and risky as construction, companies need more than just an insurance broker—they need a true partner who understands their business and can anticipate future challenges. ROEHR Insurance brings a combination of deep industry knowledge, technical expertise, and a relentless commitment to client success. Whether it's safeguarding a company’s assets, designing innovative risk transfer solutions, or helping contractors navigate the challenges of tomorrow, ROEHR Insurance is the go-to advisor for businesses that want to thrive in a fast-changing world.
For construction companies looking to secure their future and protect their bottom line, the choice is clear: ROEHR Insurance is the partner you need.
Contact me today.
Executive Vice President
513.985.4208
