Building flexible cover for the construction sector
Construction cover needs to be flexible. By its very nature, construction is a complex, wide-reaching industry involving many different trades and levels of specialisation, which means the insurance cover required by different contractors, tradesmen and projects can never adequately be met through conventional ‘off the shelf’ products.
As an insurance broker with over 50 years’ experience, we know construction inside out and are on the ball when it comes to latest regulations and compliance requirements. All of which means, whatever the requirements of your construction project or your trade, we can build insurance cover that is tailored to your requirements, ensuring you have the appropriate level of protection in place.
We pride ourselves on providing insurance solutions that are accurate and wide-ranging, arranging bespoke contractors insurance, project insurance on an annual or one-off basis and, if necessary, working with specialist consultants who can advise on contract wordings, such as JCT (Joint Contracts Tribunal), ICE (Institution of Civil Engineers), CPE (Contract Plant-Hire Association).
Here's a selection of relevant policies we can provide for the construction industry:
Contractors All Risks
Covers a wide range of insurances, designed to protect the works, materials and equipment on a contract side or in transit within the territorial limits of the policy.
Contractors Plant/Hired
Whether you own or hire your plant machinery and tools, we can arrange a policy that ensures they are protected against damage, theft and rental charges, as well as on-site or on-road special types cover.
JCT
Project specific insurance for individual projects valued up to £100 million, covering legal liability for damage to adjacent property and financial protection against loss or claims arising from non-negligent damage to property.
Business Interruption
Covers loss of income due to unforeseen circumstances such as flood, fire, storm, break-in, escape of water, vandalism and breakdown of essential equipment.
Professional indemnity
Designed to protect you if a client, customer, or third party who has suffered a loss or damage due to advice or a service you’ve provided, accuses your business of negligence and makes a claim.
Directors’ and Officers’
Liability insurance that protects the personal assets of directors and officers, and their spouses, in the event you are personally sued by employers, customers, clients, stakeholders and other parties for actual or alleged wrongful acts in managing a company.
Public Liability
Covers you against the cost of a claim made by a third party who has allegedly suffered injury or property damage or loss as a result of your business.
This by all means, isn’t a definitive list. Each risk is different and after our discussion with you to ascertain your demands and needs, additional covers may be recommended.
Talk to TMD
Our business is your protection, so we will always have your best interests at heart and provide cover from leading insurers as well as niche underwriters, with specialist wording, if required. To find out more, head to the construction section on our website (click here)
To discuss your requirements and arrange a no-obligation tailored quotation or to amend or renew an existing policy, contact us today. Call us on 01992 703 000 or email insurance@mcdonaghs.co.uk