After a Decade of Upgrade Work, Success: DC Water’s Re-design of Pipes
and Tunnels Demanded an Insurance Program That Could Hold Water
PHILADELPHIA--(BUSINESS WIRE)--
While cities across the U.S. grapple with antiquated water and sewer
infrastructures, a new advisory released by ACE Group demonstrates the
value and cost savings of implementing a continuous construction
insurance program to support capital dollar improvements. “A Decade of
Success” outlines Washington, D.C.’s water department, the District of
Columbia Water and Sewer Authority (DC Water), and their effective
implementation of a rolling owner-controlled insurance program (ROCIP)
supporting a ten year program designed to minimize insurance and claims
management costs. The advisory is the latest installment in ACE’s series
of insurance and risk management perspectives for risk managers.
DC Water worked with the ACE USA Construction division; ESIS, Inc.,
ACE’s risk management services company; Albert Risk Management
Consultants; Aon plc and MFL Consulting to create the ROCIP in an effort
to reduce risks and losses. As a result of this program, DC Water has
significantly improved safety, streamlined claims handling and avoided
millions of dollars in insurance costs, while allowing many prime and
subcontractors to obtain insurance.
“For any organization, managing a wide variety of construction projects
can be daunting and we are pleased that DC Water chose to adopt the
combined expertise of ACE and ESIS for their construction coverage and
high level risk management and safety strategies,” said William P.
Hazelton, ACE Construction & Environmental Division. “Ten years later,
the program, now in its third iteration, continues to provide cost
savings, remove obstacles to participation from smaller and minority
firms and foster an overall culture of safety. We look forward to
another decade of success with DC Water.”
According to Tanya DeLeon, DC Water’s Risk Manager, “Everyone involved
in the program was committed to supporting DC Water’s drive to meet its
overall goals. Through commitment, communication, collaboration and
consistency, DC Water achieved our goals and established important
partnerships that will continue to support us in our future endeavors.”
Key highlights from ACE’s advisory include:
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Successful development of an ongoing ROCIP
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Improvements in safety through best practices and accountability for
contractors
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Enhanced claims management to reduce overall claim frequency and cost
To read the full advisory, click
here.
ACE Primary Casualty Construction Coverage for Wrap-Ups & Other
Project Specific Risks
ACE Construction specializes in multi-year Owner Controlled and
Contractor Controlled insurance programs (OCIP/CCIP) to address the
risks inherent in construction projects. These range from stand-alone
projects and rolling programs with multiple projects, to large plant
maintenance wrap-ups.
Coverage & Benefits of an ACE OCIP/CCIP:
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Workers Compensation
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Employers Liability
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General Liability
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Dedicated and experienced construction underwriters
Seamless
multi-line program and coverage solutions through the ACE Construction
Industry Practice
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Dedicated risk engineering, claims servicing, premium auditing and
policy issuance from ESIS Construction Risk Services.
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Flexible program designs and customized program servicing capabilities
Click here to learn more about ACE’s Construction Industry Practice. http://www.acegroup.com/us-en/businesses/construction-industry.aspx
The material presented in this report is not intended to provide legal
or other expert advice. It is presented for informational use only.
Readers should consult legal counsel or other technical experts, as
applicable, to answer any specific questions they may have. Product
highlights are summaries only; please see the actual policy for terms
and conditions. Product offerings may vary by ACE location.
ESIS®, Inc. (ESIS) is part of ACE Group, providing claim and
risk management services to a wide variety of commercial clients.
Insurance is provided by insurers within ACE Group. The product
information contained herein is a summary only. For more information
about ESIS, please visit www.esis.com.
About ACE Group
ACE Group is one of the world’s largest multiline property and casualty
insurers. With operations in 54 countries, ACE provides commercial and
personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance and life insurance to a
diverse group of clients. ACE Limited, the parent company of ACE Group,
is listed on the New York Stock Exchange (NYSE: ACE) and is a component
of the S&P 500 index. Additional information can be found at www.acegroup.com,
or follow ACE on Twitter, https://twitter.com/ACEGroupNA.
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Source: ACE Group