The construction team specialise in the design, placement and servicing of insurance and reinsurance programmes for all types of construction projects anywhere in the world.
We act as both a retail and wholesale broker.
The majority of our retail clients are project owners but also include contractors, original equipment manufacturers and lenders. Our wholesale clients are mostly overseas insurance brokers who require access to the (re)insurance markets in which we operate and in the majority of cases to our specialist expertise in the construction field.
We provide a full range of insurance advisory and placement services from a projectâ€™s infancy through to its completion. We can also provide a pure placement service for insurance programmes often designed and partly placed by others.
The services we provide include but are not limited to:
Assistance in the identification and analysis of risk
Advice on and assistance with drafting the risk, indemnity and insurance provisions in contracts
Advice on the availability of insurance and programme options
Advice and assistance in the collection and preparation of underwriting information
Provision of insurance cost estimates for financial models and budgeting
Detailed design of project insurance programmes including the drafting of bespoke policy wordings
Provision and analysis of insurance quotations and advice on the best options
Placement of project insurance programmes
Ongoing servicing of insurance programmes through the life of a project
Assistance with the submission of claims and in the negotiation and settlement of claims with insurers
The classes of insurance that we handle are:
Construction/erection all risks insurance
Construction/erection delay in start-up insurance
Third party liability insurance
Non-negligent indemnity insurance
Construction plant and equipment insurance
Combined construction/operational programmes
We look to other specialist teams within the business to assist with the detailed design and placement of other types of project insurance that might be required including: