Insurance Covers

This is a sample of the main insurance covers we provide, you can also view our Construction Brochure here. If there is a risk unique to you, please contact us and we will try to devise bespoke cover to meet your requirements.

• Contractors 'All Risks' Insurance

  Contactors ‘All Risks’ Insurance provides cover for permanent and temporary works, including site materials.
  Policies can be designed to include various covers to meet contractual obligations. Depending on an individual’s
  requirements, a policy may include; project insurance, contract works insurance, own plant and equipment insurance, hired in plant & equipment insurance and structural warranty. 

• Single Project Insurance

  Single Project Insurance provides cover for all contracted parties on a specific project policy. These policies
  are becoming a more common way to insure large ‘one-off’ construction projects as they are considered more
  comprehensive and cost-effective than purchasing several individual policies.

• Contractors Combined Insurance
• Professional Indemnity Insurance

  Professional Indemnity Insurance typically covers a wide range of risks including professional negligence, copyright infringement, libel and slander, employee dishonesty and loss or damage to client documents.

  Any business or sole trader providing professional consultancy services, advice or design work to another business is strongly advised to take out Professional Indemnity Insurance. However all construction firms and tradespeople should consider their risks and exposures in this regard and how they might be managed through Professional Indemnity Insurance.

• Commercial Fleet Insurance

  We can insure single motor vehicles or a fleet of motor vehicles under one policy. Fleet insurance is available for all types of construction businesses and vehicles, which can all be covered under one policy.

• Plant Hire / Hireshield Insurance

  Plant Hire 

  HIRESHIELD INSURANCE SOLUTIONS

  We are an established provider of insurance to the Plant Hire sector.

  Conditions of hire between a plant hire firm and the hirer, will make the hirer responsible for loss or damage equipment during the hire period.

  We understand that sometimes there are commercial reasons when a plant hire firm would not want the hirer to be liable for loss or damage. There are also instances where it would be very difficult for the hirer to obtain insurance to cover plant hired by them, especially when the hire periods are short term.

  Our recommended Plant ‘All Risks’ Insurance policy has the option to include the Hireshield Subrogration waiver, which essentially means that a plant hire firm can waive their usual rights of recourse against the hirer and instead have the plant covered by their own policy. Some plant firms will increase their hire charges in instances where subrogation rights are waived.

  Some of the solutions we arrange for plant hire firms include:

  • Annual Plant All Risks policy, including the Hireshield Subrogration waiver
  • Property Damage and Business Interruption Insurance
  • Public/Products Liability Insurance
  • Employers Liability Insurance
  • Good In Transit Insurance
  • Management Liability Insurance including Employment Practice Liability
  • Cyber & Crime Insurance
  • Inspection policies, relating to statutory required inspection of plant

  Our solutions are underwritten by a carefully selected panel of insurers, based on their financial strength, policy cover, and ability to provide a first-class service to clients.

   

  To learn more about the products we can offer construction companies, download our brochure here.

• Public Liability Insurance

  Public Liability insurance covers third party claims resulting from injury or damage to property, due to an insured’s business activities. Third-party claims are one of the most common claims made against contractors in the construction sector, so it’s important to have the right cover in place to protect your business.

• Property Owners Insurance
• Structural Warranty Insurance

  Structural Warranty or Latent Defects Insurance protects the owner against the cost of rectifying structural defects of the owned building. A Structural Warranty must be purchased in advance of completion and usually lasts 10 years from original construction. Where a building is sold on completion, this warranty is passed on to the buyer and remains valid for the duration of the agreed warranty period.

• Cyber & Crime Insurance

  Cyber insurance is designed to help your business offset the costs of recovery after a cyber-related security breach, ransomware attack or similar event. A comprehensive cyber policy will cover you for the direct costs and liability to third parties following a cyber-attack. However, policies often exclude financial or asset losses incurred by your business following an attack.

  Crime insurance protects your business against the financial losses incurred because of fraudulent activity (many policies include cyber events); criminals (including cyber criminals and employees) taking or misappropriating money, securities or property such as funds taken from your account.

  Learn more about Cyber and Crime Insurance here

• Management Liability Insurance