Construction

Construction insurance can be confusing. That’s why we work closely with you to understand your business and put in place the right insurance cover to protect you.

The insurance market has developed a “one size fits no one” Contractors Combined Insurance. In addition to Public/Products & Employers Liability covers, the policy offers ‘Contractors All Risks’ cover.

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Construction

Construction insurance can be confusing. That’s why we work closely with you to understand your business and put in place the right insurance cover to protect you.

Read our blog

Risks to Consider

Contract conditions

Do you know what contract form you are working under? Most insurance contracts are based on the JCT conditions of contract and do not provide the required cover as standard for alternatives such as NEC, ICHEMe or PFI contracts.

Contract value

Policies will contain a maximum contract value which needs to be closely monitored to ensure you are not overcharged for your insurance, but have the required level of cover should a tender be successful for a large contract.

Terrorism

Not automatically covered. Does the contract you are operating under require the insurance?

Hired in plant limits – Maximum values will be specified within the wording regarding the value of plant hired in. Cranes regularly exceed the values imposed by insurers unless amended.

Plant security

The number of security warranties around mechanically propelled plant are increasing within policy wordings, some of which need rewriting to ensure claims will be met.

Castlemead Insurance Brokers have the knowledge, experience and market connections required to competitively place the required cover for your business.