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Howden has offices in 30 countries and a network of partners in more than 60 locations. Whether you’re a multinational looking for a broker that’s truly global, or a smaller business looking to insure your local needs, we can help you.
When problems arise in construction projects, they can bring negative knock-on effects and additional liabilities. Sub-contracting of various specialised works can create other contractual problems, liability claims and court proceedings.
In this situation, comprehensive cover from a trusted broker can make all the difference.
Construction and Erection All Risk insurance covers developers and contractors during construction projects. It’s called ‘all risk’ because that's what it intends to cover. Policies are worded to provide peace of mind around the enormous risks construction companies face.
The policy covers loss of or damage to:
It also protects against claims for:
Call and speak to a broker about getting a package to meet your needs
A comprehensive all risks insurance policy should contain a combination of cover around the following elements:
A form of property insurance that covers structures and materials associated with the job in the event of damage.
Covers the cost of consultants - for example, architects or surveyors - required to help rectify damage to the contract works.
Protects you against claims made in the event of damage to property or injury to people not connected to the project.
If you have an accident that pollutes land, air or water, or harms natural resources and/or biodiversity, the clean-up can land you with a huge bill. Environmental liability insurance is there to cover the costs of restoring the equilibrium.
Typically used by property developers and building contractors, to protect them against damage caused by defective design or workmanship that is undiscovered until later.
Latent defects insurance covers costs associated with remedial work. The policy can be used up to 12 years after the job’s completion.
Construction Professional Indemnity
Construction Professional Indemnity protects you from claims made in the event of negligence in the performance of your professional duties, such as giving poor advice or errors and omissions.
Delay in start-up
If damage to works and structures causes a delay to the project's completion, this clause covers any resulting loss of revenue. Sometimes called “advanced loss in profits insurance”, it can provide a lot of reassurance to you and your partners.
Policies are available on a project or blanket basis:
The equipment and machinery incorporated into the construction project should be calculated as part of the contract value.
We will help you conduct contract reviews and ensure that the insurances we arrange are effective.