Wealth Solution
Project Insurance
Cover for the build, not just the finished thing
Contractors' and erection risk cover across the construction period.
Talk about project insurance
What you are actually trying to do
You want a project protected from groundbreaking to handover, including materials, plant and third-party exposure.
The risk if you do nothing
A standard property policy does not cover a site under construction. Damage, theft of materials and injury to third parties during the build are frequently uninsured.
How we would approach it
CAR cover for civil works and EAR for plant erection, with third-party liability and a maintenance period extension that carries cover past practical completion.
What you get out of it
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Cover across the whole construction period
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Third-party liability included rather than bolted on
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Maintenance period extension for the defect liability window
A goal is easier to advise on than a product
Tell us what you are trying to reach and by when. The shortlist falls out of that, not the other way round.