Constructive Risk – Helping Contractors Reduce Insurance Costs By As Much As 55% Annually2024-05-23T16:41:53-07:00

Helping Contractors Reduce Insurance Costs by As Much As 55% Annually

We’re a network of unbiased Insurance Consultants who interview, manage, and hold brokers accountable during the insurance policy renewal process so that you Save Money, Save Time, and Gain Peace of Mind.

1. Schedule a Free Consultation
2. Choose Your Insurance Consultant

3. Save Up to 55% on Your Premium

We Do Not Sell
Insurance.

We are NOT your agent’s competitor.

Instead, we are Independent Insurance Consultants hired by you to solely represent your interests. What we do is manage the insurance policy renewal process on your behalf by strategically directing both the marketing and negotiation efforts of your current broker — and any other pre-qualified brokers we bring in to gather quotes — which ultimately Saves You Time, gives you Peace of Mind in the process, and Reduces your Insurance Costs by as much as 55% annually.

The Problem with the Insurance Industry

Renewing Your Insurance Shouldn’t Be a Mystery!

But if you don’t know what to watch out for — it will cost you!

Inflated Premiums on Your Renewal Quotes

Over 95% of US businesses are paying inflated insurance premiums.

Pay Less For Insurance

Excessive Broker Commissions & Fees

Agents receiving up to 20% of your premium in commissions.

Don’t Pay More Than You Should

Lack of Competition Among Brokers

Incumbent brokers “blocking markets” hinders your ability to pay less premium.

We Create Strategic Competition

No Broker Represents All of The Markets

We interview brokers and assign markets to ensure the best outcome.

We Find & Assign The Best Brokers

Poor Submissions to The Carriers

Brokers often do a poor job at representing you to the carriers.

We “Police” All Agents On Your Behalf

brokers Who Don’t Negotiate For You

Brokers make less commission when your premium gets reduced.

We Negotiate & Renegotiate On Your Behalf

Lower Your Renewal Quotes By As Much as 55%

Our Consultants Provide a stress-free Renewal

    You shouldn’t have to feel like brokers are hiding things from you or that you’re paying more premium than you need to. That’s why we’ve crafted an insurance renewal experience you can feel confident about. Seriously, that’s what we do for you! Our strategic process of Negotiation & Renegotiation with all your brokers will put you back in the driver’s seat. When the dust finally settles — you’ll be assured that you bound coverage with the best broker, purchased the best policy available, and paid the least amount of premium possible.

    Reduce Your Insurance Costs by as much as 55% 

    We accomplish this by “policing” the brokers, strategically assigning carriers to the agents most likely to achieve the desired result, fostering competition between brokers (including wholesalers and underwriters), and through our highly-effective Negotiation & Renegotiation techniques.

    We Do Not Sell Insurance

    Insurance Consultants are not appointed with any insurance carriers and we do NOT receive any commissions or “kick backs” from the insurance carriers. We are wholly unbiased, fee-based Insurance Consultants — paid directly by you the insured, our client — so that our objectives are always 100% fully aligned with yours.

    My name is Charles Specht and I’ve been the CEO of Constructive Risk since 2011. I’m a Certified Insurance Counselor, a Certified Debt Arbitrator, and currently serve as the Lead Advisor to the Steel Framing Industry Association.

    I started my career as a broker in 2000 and sold insurance for ten years before founding Constructive Risk. I was an Area VP with the 4th largest broker in the world and produced & serviced a Construction Book of Business of over $1,100,000 in annual revenue to my agency. I was the sole endorsed broker for the American Subcontractor’s Association of California, the Steel Framing Alliance, and the Career Management Alliance.

    In 2022, we launched our Network of Insurance Counselors all across the USA and Canada. We currently have dozens of consultants serving the construction industry.

    We’ll show you how to better manage the insurance policy renewal process, all the while either keeping your current broker — or if it best serves your business — help you select a much better broker from our Network of pre-qualified construction insurance agents.

    Serving as your Guide throughout the entire insurance policy renewal process, our #1 goal is to match you with the best broker possible (which may even be your current broker) and to negotiate with all vendors on your behalf to save you time, give you peace of mind, and help you save up to 55% annually on your business insurance costs.

    Due to a strong relationship, nearly 60% of business owners hire us for our consulting services but still keep their current broker.
    The other 40% choose a new agent from one of the many pre-qualified agents in our Construction Broker Network.
    We will supply you with the best options, but the choice is always 100% yours to make!

    Client Testimonials

    “I had always liked the service that my broker had provided us but I just didn’t feel comfortable renewing year after year without getting some competitive bids. I liked the fact that you provided me with a nice game plan for not only dealing with my current broker, but also in handling the second broker who provided a competitive quote. As things turned out, we did end up staying with our current broker. I was happy for several reasons. I was happy with the fact that my broker did work for our business with the various carriers. I also like the fact that we did not have to make a change and deal with the uncertainty that comes with dealing with a new service provider. I did have some reservations given the fact that our company is located in New Jersey and you [were] in California, but nonetheless I was impressed and comfortable enough to move forward. When all was said and done, we managed to negotiate a 12% savings off our new policies. Overall I am very happy and highly recommend your services to anyone in the trades or construction industry.”

    Matthew Dorans

    In-Line Air Conditioning Co., Inc.

    “Charles Specht provided me with insight that my insurance broker could not. I had received two seemingly similar policy quotes except one premium was more than triple the other one. Very confused, I reached out to Charles for help. He broke down each quote line by line, he explained the differences, and he helped me not only choose the right policy but also guided me to ask the broker the right questions which resulted in a significant reduction of the premium. I have already recommended him to an investor friend of mine looking for guidance on a huge policy quote he recently received and I would recommend him to anyone else as well.”

    Bennett Mason

    Real Estate Developer

    “Charles, your performance, regarding managing our insurance renewal was amazing! Not only did you keep communications open with us, but we were also continually being informed of your progress with our insurance agent; pushing them to get for us the best rates and holding them accountable. Without a doubt we would not have realized such significant savings had you not been so diligent. Our savings for the annual renewals was in the thousands and we are so grateful. There were some initial misgivings with you being on the west coast and we on the east coast, however, we went ahead anyway and are so happy and pleased that we made that decision! We are so impressed with your services that we would like to retain your services again to represent our interests with another year of renewals.”

    Scott Gochnauer

    Gochnauer Air Conditioning & Heating

    FAQ’s

    When you’re ready to move forward and save on your insurance costs, click here to schedule a complimentary call with our CEO, Charles Specht.

    • Will I have to switch my broker if I use Constructive Risk?2024-05-15T07:07:57-07:00

      Not at all. In fact, nearly half of our clients choose to keep their agent for the renewal (while still experiencing considerable cost savings from our negotiation services). Ultimately, if you’re happy with your current broker then our goal is to keep you with them at the lowest possible cost. When our clients do choose to switch brokers, it’s because the total savings is so significant that it doesn’t make sense not to switch.

      Why do I need Constructive Risk if I already have a broker?2024-05-15T07:40:07-07:00

      When comparing our advice with that of your current insurance broker, you need to consider their perspective and lack of objectivity. Unlike your broker, Constructive Risk does not sell insurance. Unlike your broker, Constructive Risk never receives a commission, gift, or kickback from your insurance carriers. The potential gain or loss of commission income never enters into the decision-making process for us, thereby eliminating any potential conflict of interest.

      In addition, your insurance broker is only as good as the companies his/her agency has access to. There are many competitive industry-specific programs available to you, but your broker may not be appointed with that program/carrier. As an independent consultant, Constructive Risk is bound only to our clients and we do only what is best for you.

      How does Constructive Risk get paid for its services?2024-05-15T07:10:08-07:00

      Constructive Risk is paid a flat-fee directly by you — the client — based on either a pre-set annual or project fee which is agreed upon in advance. The fee reflects the complexity of the project. Our clients have appreciated the fact that our fixed-fee is typically more than offset by the substantial insurance premium savings we secure for them.

      What is your fee structure?2024-05-17T07:43:42-07:00

      Typically, our pricing structure is a set flat-fee for both our digital products and our consulting packages, but can also be determined on a case-by-case basis and is dependent on what we’re being hired to do.

      If we’re being hired to handle an organization’s insurance policy renewal process (bid management), then our compensation is typically a fixed annual fee. Although every project is different, our fee normally hovers around 1.5% of our client’s total annual insurance policy premium, with a minimum guaranteed annual compensation of $1,500.

      As an FYI, we have never had a client not receive more premium/costs savings than our flat-fee. Our clients typically save many thousands of dollars in the form of reduced insurance premiums/costs when compared to our flat-fee, while also saving time and gaining peace of mind with the final outcome.

      How much money could we expect to save on our insurance after hiring Constructive Risk?2024-05-17T07:45:36-07:00

      Every project and every client is unique. However, when hired to manage an insurance policy renewal process (bid management), our clients typically average annual insurance savings of anywhere between 11% – 17%, compared to if they were to only use brokers solely. Moreover, many of our clients have also experienced additional savings from “sunk” and/or “hidden” insurance costs (i.e. retail & wholesale broker fees, state taxes and filing fees, final audits, deductibles on claims, etc.).

      So, although 11% – 17% tends to be our average, the most we’ve ever saved a client — after quotes were already received and then we Renegotiated the quotes on the client’s behalf — was 55% off the total cost of their annual insurance spend.

      Do you work with Non-Construction businesses as well?2024-05-15T07:12:21-07:00

      Yes, we do. Although the construction industry is our primary focus here at Constructive Risk, we’ve worked with plenty of businesses in other industries as well. We provide our services to many industries, such as: Healthcare, Financial Institutions, Hospitality, Education, Nursing Homes, Fitness Clubs, etc.

    0 Million
    Approximately 3,776,498 Contractors in the United States of America
    0 Billion
    Estimated $60,000,000,000 in annual premium paid to insurance companies
    0 Billion
    $11,000,000,000 could have been SAVED if they’d have used Constructive Risk