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A project-specific, owner coordinated insurance programme protects the interests of all parties involved in a construction project with a single panel of insurers.

The result is that:

  • All parties, i.e. owners, financiers, contractors, subcontractors, consultants and suppliers, can be insured. Disputes and claims between the parties and voids in cover are avoided
  • Consolidation produces premium savings
  • Wider cover can be achieved
  • Claims are managed to ensure minimal delays or interruption to the project
  • The divisions of individual coverage classes can be removed and a programme approach adopted that is non-cancellable by insurers and may encompass:
    • Construction/Erection "All Risks"
    • Third-Party Liability
    • Consequential Loss (both Delay in Start Up and Business Interruption)
    • Property Damage
    • Marine Cargo & Marine Cargo Delay in Start Up
    • Contingent Employers and Motor Liability.

At Willis we specialize in devising project-specific, coordinated insurance programmes to meet all the risk transfer requirements of a project, from the pre-construction phase until completion and beyond.

Erection "All Risks" Project Insurance Scheme Questionnaire

Construction "All Risks" Project Insurance Scheme Questionnaire

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