Construction

The construction industry represents 10% of UK economy and is growing.  It is forecast to grow by 16.5% by 2010.  This growth is mainly due to a number of large investments projects including:

- The building Schools for the future programme

- NHS spend with 100 new hospitals planned by 2010

- Major leisure and sports facilities

- Urban regeneration schemes

The construction market is a challenging and changing environment.  Issues such as skills and labour shortages, supplier chain management, Health and Safety legislation, the environment and substainability or resources are all high on the agenda for many construction companies, whatever their shape or size.  Understanding our customers needs is key and our proposition offers a team of experts across underwriting, claims and risk management to provide you and your clients with know how and technical expertise to succeed in this complex market.

Breath of Cover

We provide solutions to customers operating across all sectors of the construction industry.  We offer a full range of insurance for Contract Works, Liabilities,  JCT 21.2.1 and advanced loss of profits as well as associated services.  We can tailor to cover the requirements of customers from major infrastructure projects to self employed contractors

Covers and services include

• Construction all risks
• Engineering all risks
• Property
• Machinery movement
• Breakdown
• Plant - own and hired in
• Employers liability
• Public liability
• Professional indemnity
• JCT21.2.1
• Personal accident
• Directors and officers
• Fidelity guarantee
• Bonds and indemnities
• Motor
• Latent defects

Typical Products

To help make your life easy, we've outlined some of the more common products your construction clients may need.

Contractors Insurance - Catering for a wide range of construction companies, our contractors insurance product provides a range of individual covers that can be packaged together for both project and annual policies including Contractors all risks, public/product liability, Employers liability, JCT21.2.1, Advanced loss of profit/delay in start up.

Engineering Construction Insurance - This covers Erection All Risks (EAR), Contractors Plant, Machinery Movement and Advanced Business Interruption:

Erection All Risks Insurance - suitable for companies involved in the supply and or installation of machinery technology

Contractors Plant Insurance - Contractors Plant offers cover for companies involved in various trades, in particular contractors and plant hire companies

Machinery Movement - protects machinery from being dismantled, relocated, temporaily stored, erected, assembled and loaded anywhere in thre UK and Ireland

Advanced Loss of Profits provides insurance against loss of earning and profits.

Contract Bonds - These provide cover in the event of failure by one party to deliver their obligations and include bid or tender bonds, gaurantee or performance bonds, Section 38 Highway Acts bonds, Section 18 sewer bonds, advanced payment bonds, retention monies bonds