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Willis Towers Watson assists contractors around the world with the effective management of their exposure to risk through the design of tailored annual or project-based insurance programs. Our role is to find the optimum balance between risk retention and risk transfer, and minimize the cost of risk.

Contract conditions can be complex and the assumption by a contractor of risks such as liquidated damages following damage to the contract works, unforeseen ground conditions and onerous collateral warranties are not uncommon.

Even without such burdens each contractor has to manage financial exposures arising from loss of, or damage, to structures, stored materials, contract plant and equipment, motor vehicles and legal liability to employees and third parties.

To minimize contractors’ exposures we provide risk transfer protection for:

  • Construction and erection of contract works
  • Public, products and employers’ liability
  • Construction plant and equipment
  • Transit/cargo
  • Motor fleets
  • Loss of or damage to property and assets
  • Plant hire liability
  • Professional indemnity/collateral warranties
  • Legal expenses
  • Contractual indemnities
  • Cost overrun
  • Consequential losses
  • Environmental risks
  • Liquidated damages
  • Latent defects
  • Terrorism
  • Performance guarantees
  • Delay in completion risks arising as a result of:
    • Archaeological discoveries
    • Unforeseen ground conditions
    • Other causes

Related services include:

  • Plant inspection services
  • Health and safety services
  • Construction design management (CDM) regulations services
  • Environmental surveys

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