Expert views and insight across our specialist areas.
Environmental pollution cover for construction projects - Do I really need it?
Clean-up and remedial costs following sudden and accidental, or gradual pollution as a result of construction related works can quickly mount up. Not to mention potential legal fees and fines. The landscape for pollution liability insurance has changed fundamentally since the 1990s. Head of UK Construction, Dave Cahill, provides an overview below, including the difference between what Third Party Liability and Environmental Impairment Liability insurance can offer.
How to protect against contractor insolvency
In the UK, ‘defects liability’ typically lasts for six or twelve years. But what happens when the contractor is insolvent and no longer in a position to discharge its post completion obligations? This has always been a risk for owners and developers but has been in sharper focus in recent years following the collapse of Carillion, one of the UK’s largest contractors, in January 2018. Here we discuss how latent defects insurance (LDI) is becoming an increasingly popular alternative form of protection.
Personal accident insurance - a holistic approach to employee duty of care
For many of us, the Covid-19 pandemic has changed working life in countless ways. From an improved work / life balance through working from home to increased mental health issues from extended isolation. Whatever the impact, the health and wellbeing of employees has jumped to the top of the list and personal accident insurance is proving a helpful and holistic solution for employers.
The wrong side of the tracks - rail liabilities and insurance
The number of development projects adjacent to railway infrastructure has increased significantly, facilitated in part by Transport for London releasing a large number of trackside sites for regeneration. These working environments carry specific and complex liability risks, which must be understood and managed to ensure both project success and payout of claims in the event of a loss. Our Head of UK Construction, Dave Cahill explains.
Construction insurance - Understanding the placing process and strategies for hard market conditions
In our recent insight ‘Construction Insurance - How bleak is the market?’, we examined how the continuing reduction in construction underwriting capacity has increased the complexity of securing project insurance. Below we explain the key stages in placing a construction project insurance programme and suggest strategies for delivering improved results in hard market conditions.
Construction Insurance - How bleak is the market?
The UK construction insurance market has undergone a significant change over the past 18 months. But what does this really mean and what you as an owner or contractor do to improve your chances of a successful insurance placement that meets your needs. Our construction expert, Georgina Robinson explains all.
The PI market for UK design and build contractors - what does 2021 hold
The professional indemnity (PI) market for UK design and build contractors has been confined to intensive care for quite some time. If you have been even tangentially involved in UK construction over the last few years this will not be news to you. Our Head of UK Construction, Dave Cahill and PI specialist Conor Geraghty, look at how we got into this position and what's changing in the first quarter of 2021.
Parametric insurance - can it work for your construction project?
Parametric insurance is not new. However, its application is constantly evolving. Our construction specialist, Dave Cahill explores how parametric cover could provide new approaches that complement existing, more traditional risk transfer strategies for your construction project.
Cyber insurance for the construction sector – to buy or not to buy?
Large losses and increased regulation have raised awareness of cyber risk at a board level and driven a growing demand for specialist insurance. With 83% of large US organisations now purchasing standalone cyber cover, and penetration rates elsewhere rising, what should the UK construction and housebuilding market be doing to protect themselves?
Modular construction - an insurance viewpoint
The UK government set a target of building 300,000 homes every year by 2025. According to the NHBC, the figure for 2019 was just over 161,000, leaving a substantial gap to bridge. With modern methods of construction hailed as the answer to the problem, how does the insurance market view these from a risk perspective?