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William Palumbo Insurance Agency Forms Construction Division

Posted on 20 Jan 2011

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Mr. John M. LaRocca, CIC, President/CEO of the William Palumbo Insurance Agency, Inc. recently announced the formation of a new division called Palumbo Construction Risk.  The mission of the new division is to be the agent partner of choice for insurance and risk management services to the construction industry.

The new division will have dedicated experienced sales and service team with expanded resources tailor made to the unique exposures and servicing needs of companies within the construction industry.    

According to Mr. LaRocca, “Today, the most successful contractors are aware of their total cost of risk. The lower the total cost of risk, the more competitive and profitable the organization. Given the recent economic conditions helping contractors control the cost of risk is more important than ever.”

The focus of the new division will be on General Contractors, Heavy Construction Trades, Specialty Trades, and the new emerging “green energy” contractors. 

The benefits of the new division include:

•    Local-market knowledge and key relationships with the most innovative, competitive insurance and surety companies specializing in the construction industry.
•    Highly focused, collaborative team approach to risk management among underwriting, claims and risk/loss control specialties including access to specialized OSHA training.
•    Enhanced Contractual risk transfer and audit procedure reviews
•    Pricing, coverage and services tailor-made for moderate, mid- and large sized construction accounts

Founded in 1932, the Palumbo Insurance Agency serves the insurance needs of 20,000 individuals & families and 2,000 small businesse