Construction Project Insurance
Construction Project Insurance
BJP are construction insurance specialists who can find risk management solutions for all your major construction projects.
Major property development and investment is only possible if an adequate insurance product is available.
We can provide advice on project insurance solutions with your project team and work with them to ensure any project contractual insurances required are correct and in place.
What is Construction Project Insurance?
In any construction project there is always a risk of loss or damage occurring and the responsibility normally lies with the contractor or employer.
A Construction Project Insurance policy is designed to provide cover for employers running a construction project, enabling them to to meet their contractual obligations and providing protection for their investment in the project and any plant or machinery they own or hire.
Why do I need Construction Project Insurance?
Major construction projects are significant risks to all parties involved from the funders to the design team to the contractors and sub-contractors working on site.
It is important for you to engage a construction insurance specialist who understands the complexity of your project to ensure you have the right insurances in place.
We provide specialist advice and assistance on project insurance where all relevant cover can be packaged in an all-embracing project insurance cover to suit your needs.
What does a typical Construction Project Insurance policy include?
This cover can provide you with a total insurance solution from pre-development, through to building warranty and property insurance. As construction specialists, we have access to a range of specialist underwriters and service providers and can find you an effective solution to meet your needs.
Below are examples of the more common specialist insurances incorporated into an integrated project insurance solution:
- Advanced loss of profits Insurance (ALOP)
- Public & products liability insurance
- Professional Indemnity insurance for design team
- Contract Works/Contractors ‘All Risks’ Insurance
- Pollution liability insurance/environmental Impairment liability insurance
- Specialist engineering/plant insurance
- Directors & Officers Insurance including entity cover
- Insurance backed warranties
- Latent Defects Insurance
Did you know we can also provide Construction Risk Management and Construction Health and Safety Audits? Get in touch to find out how our online safety audit and our Construction Risk Management team can help you manage unforeseen risks in the construction industry.
