New Construction product

Published On : 23 Jun 2017

Our Construction team has responded to the need for a more comprehensive, flexible offering to address the wide-ranging complex risk exposures faced by today’s construction industry with the launch of a new modular product.

Backed by A-rated capacity from specialist insurer CNA Hardy, the new single wording, multi-section cover can be offered on an annual or single-project basis and gives brokers direct access to empowered, experienced underwriters as well as the ability to provide their clients with embedded extras at no additional expense.

The single policy wording covers:

- Public & Products Liability
- Employers’ Liability; Contract Works
- Own and Hired-in Plant
- JCT 6.5.1
- Terrorism
- Crisis Management Costs
- Property Owners’ Liability
- Legal Expenses (provided by Abbey Legal)

Examples of embedded extras include:

- HSE Fee For Intervention
- Environmental Impairment Liability
- Part Product Liability
- Professional Negligence
- Cyber Liability
- Cover for completed speculative builds awaiting sale up to 365 days
- Replacement hire costs following damage to own plant
- ‘New for old’ replacement up to 24 months on own plant following damage