At Willis Towers Watson we organise tailor-made, project-specific and coordinated insurance programmes to meet all of the risk transfer requirements of a project from the pre-construction phase until practical completion and beyond.
Our solutions aim to ensure that:
- All parties: i.e., owners, financiers, contractors, subcontractors, consultants and suppliers are insured, and voids in cover and disputes and claims between the parties are avoided
- Consolidation can produce premium savings
- Bespoke wordings to achieve wider cover
- Claims are managed to ensure delays or interruption to the project are minimised. It is possible to remove the boundaries of the individual coverage classes and adopt a multiline approach that is non-cancellable by insurers and may encompass:
- Construction/Erection ‘All Risks’
- Existing Structures
- Third-Party Liability
- Consequential Loss (both Delay in Start Up and Business Interruption)
- Non-Negligent Liability/Liability of the Employer
- Environmental
- Marine Cargo & Marine Cargo Delay in Start Up
- Legal Indemnities including Rights to Right
- Latent Defects
- Contingent Employers and Motor Liability
