Lutgert Insurance - Construction Insurance Insurance - Naples, Marco Island, Fort Myers, Bonita Springs, Sarasota and Ave Maria, Florida

Construction Insurance Construction Surety and Insurance Needs

For the past fifty years, Florida has been synonymous with development and new construction. Recently Lutgert Insurance has seen development come to a complete stop. We at Lutgert Insurance remain focused on partnering with our clients, and our insurance carriers. Our construction team has remained intact and ready to assist all construction related accounts. Our economy will turn around and Lutgert Insurance will once again have the opportunity to help our clients move forward and assist them with managing their risks. Lutgert Insurance can assist in the bonding and insurance needs for the smallest independent artisan contractor to the largest developers and general contractors in Florida.

Small Business Administration (SBA) Surety Bond Programs

The Small Business Administration (SBA) enacted a program several decades ago to assist small contractors obtain surety guarantees in an effort to support their growing businesses. Being a bonded contractor can often dictate whether or not you can bid on a project. Lutgert Insurance was appointed as a Preferred Surety Agency in early 2010. With this appointment we will have the ability to help jump start the efforts for a lot of otherwise un-bondable contractors. Lutgert Insurance and the SBA will be partnering in the fall of 2010 to present a Surety seminar that will assist the Contracting communities obtain important resources when it comes to bonding programs of all sizes. You can contact Charity Strassel at Lutgert Insurance, cstrassell@lutgertinsurance.com, or visit the Small Business Administration's website at www.sba.gov and click on the SBA Guarantee Program link to find out more about these programs.

Surety Bonding

The Surety Bond market has seen very little change in the industry until recently. Historically the General Contractor's have carried the burden of posting a surety bond to the Owner and/or Lenders and that was enough to satisfy the requirements. Today we are seeing more and more Surety Companies setting forth additional requirements that force GC's to further bond their trade contractors. Similar requirements are being set forth in Contract Documents, and we expect to see these requirements become standard. In essence, some portions of the project are bonded by both the GC and the subcontractor. Contractors of every size and every tier need to understand the changes in the market and how it will affect their businesses. Lutgert Insurance represents dozens of surety markets and performs the initial underwriting in-house which helps speed the process significantly. We have a wide variety of bonding options to assist a wide variety of accounts.

We have programs for:

Small projects, under $250,000 (do not require financial statements)
Small programs, single bond $250,000 with aggregate $750,000 limits with limited underwriting
General Contractors of all sizes - $1,000,000 to over $50,000,000
Minority Contractors
SBA Qualified Contractors - General Contractors and Artisan Trades

Builders Risk & Other Property Coverages

Owners and Contractors may differ on what exposures exist at a project and who is responsible for those exposures. Lutgert Insurance's approach is to adequately provide coverage for all parties involved and to obtain the most viable and cost effective options available on the market. Typically we encounter Owner driven programs due to lending requirements however we frequently assist our Contractor clients in the procurement of this coverage. We represent dozens of markets that specialize in builders risk coverage. Our goal is to provide the best protection for the best price.

Dedicated Insurance Programs and Wrap-Up Insurance Programs

There are significant advantages to procuring separate stand alone liability coverage for large projects or projects that pose greater risks than the average project scope. Lutgert Insurance has the expertise to explore both of these program options with a variety of parameters to meet your needs. We are an authorized third-party wrap-up administrator which allows us to manage these programs in-house. Each insurance program is designed specifically for each project scope.

Lutgert Insurance is committed to providing professionalism and the finest customer service for any and all insurance needs.

An Aggressive Approach to Workers Comp

Lutgert Insurance knows that controlling your workers comp expense is vital to your profitability and to maintaining your competitive position in the marketplace. We provide a dedicated loss control team to advise each of our clients of the potential hazards and risks relative to their workers compensation program. A pro-active approach to loss control has a desirable impact to the bottom line. Our services go further to include verification of experience modifier calculations, claim reviews and management, return to work programs and aggressive loss prevention training programs. We believe that each account is unique and deserves a unique approach to handle loss control strategies in order to be the most effective possible.

Umbrella & Excess Liability

This line of coverage is more important today than it ever has been. Our nation has unfortunately migrated into a more litigious society and with that brings a serious need for umbrella or excess liability coverage. Obtaining this coverage does not have to be challenging if you have the appropriate assistance. Excess liability coverage and umbrella liability coverage are not the same. The option to purchase either one of these products should be closely evaluated and designed to meet specific needs. Lutgert Insurance has solid carrier relationships and understands the risks that construction and development bring to the table. Lutgert Insurance has been protecting corporation's and people in SW Florida since 1953.

Lutgert Insurance is committed to providing professionalism and the finest customer service for any and all insurance needs. Lutgert Insurance employs over 85 employees. Their corporate headquarters is located in Naples, with offices in Ave Maria, Fort Myers, Marco Island and Sarasota.