Construction & Engineering

Our Construction and Engineering team, located in London and Singapore, provide Lloyd's Brokers with highly experienced insurance and reinsurance underwriting capacity for all types of construction projects.  We underwrite both single project business and annually renewable business for owners, contractors and developers and can offer both proportional and excess of loss covers.  We are able to offer coverage on a variety of classes and products, including:

• Contractors All Risks (CAR)
• Erection All Risks (EAR)
• Primary Third Party Liability written with CAR/EAR coverage
• Advance Loss of Profits/Delay in Start up (ALOP/DSU)
• Machinery Breakdown (MB)
• Machinery Loss of Profits (MLOP)

Coverage

All risks of physical loss or damage to insured property and associated business interruption and third party liability.

Limits available

Up to US $100,000,000 PML

Target market

• Building risks of all types
• All power generation facilities
• Onshore oil and gas (Construction)
• Light and heavy industries e.g. metals (Construction)
• Mining

Key Territories

UK, Europe, Middle East, North America, Australasia, North Africa

Information needed to obtain a quote

• Type of risk/occupancy
• Contract value/sum insured/loss limit
• Location
• Period of insurance including specific periods for construction/erection, testing and commissioning and maintenance
• Deductibles
• Coverage requirements
• Underwriting submissions to include geotechnical reports and details of foundations
• Method of working and materials to be used e.g. reinforced concrete building
• Fire protection, fire prevention and site security arrangements
• Survey report
• Loss record
• Contractors expertise and quality management accreditation e.g. ISO 9001:2000

Your premium indication is based on

• Nature of risk/occupancy
• Sums insured/contract value
• Period of insurance
• Policy form and coverage
• Location of risk
• Deductibles
• Expertise of contractors
• Loss record
• Loss control strategy