Construction insurance
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SubscribeWho needs Construction insurance?
The scale of construction projects means they are often vulnerable to a range of complex risk factors. These include increasing infrastructure and materials expenditure, technological and digital innovations, and skills shortages.
Complex supply chains and logistics across international territories, each with their own regulatory challenges, can significantly impact your ability to manage a tightly controlled, on time, and on budget construction project.
Whether you are an investor, developer, contractor or employer on a construction project, having a bespoke Construction insurance programme can protect your business from the financial and operational risks associated with your scheme.
Why choose Griffiths & Armour?
Griffiths & Armour has a long established and well-respected reputation for providing insurance solutions in all lines of construction risks, from finance, project planning, and design through to operational risks.
We leverage our strong relationships with leading insurers specialising in construction insurance to advocate for our clients. This, coupled with our deep understanding of your project, enables our team to design risk transfer solutions for your project.
Our client relationships are built on a trusted partnership approach. We work closely with you to manage your risks and are here to offer you support when you need it most.
FAQs
This policy covers loss or damage to all contract works, existing structures if required and the increased Costs of Delay in completing the project following an insured damage event. The policy is issued on an ‘All Risks’ basis including Fire, Explosion, Storm and other major perils, such as Theft, Accidental/Malicious Damage and Subsidence.
Cover can apply whilst on site, in transit and when temporarily stored at suppliers’ premises, including those overseas if necessary.
The cover will be continuous during Construction, Testing, Commissioning and extending to cover responsibilities under any defects maintenance period as required under any of the construction contracts.
This cover can be arranged on an annual basis i.e. for a contractor or on a project specific basis.
- JCT – Clause 6.5.1 Insurance (non-negligence)
- Third Party Liability
- Delay in Completion
- Latent Defects
- Environmental Impairment Liability
