Understanding the Role of a Specialist Construction Insurance Broker
Construction insurance isn’t just about buying a policy. It’s about making sure the insurance programme reflects the project, the contract and the way risk is allocated.
The Hidden Insurance Risks Buried in Construction Contracts
Construction insurance and construction contracts should work together, but they don’t always.
A policy can only respond within its terms, while a contract may impose obligations that extend well beyond that cover.
When to Bring in a Specialist Construction Insurance Partner
Working with a specialist construction insurance partner isn’t about replacing the retail broker. It’s about strengthening your capability with technical expertise, broader market access and flexible support whenever construction, engineering or mining risks require a more specialised approach.
Construction Claims: What to Get Right Before Things Go Wrong
A construction insurance policy is only one part of being prepared for a claim. Understanding how your policy responds, knowing its limitations and having the right support in place before an incident occurs can make a significant difference when it matters most.
May Market Summary and Analysis – 2024
As we delve into the current state of the insurance market in 2024, it’s evident that the landscape has evolved significantly since the preceding years. While challenges persist, there are discernible shifts indicating a tempered trajectory in certain sectors. State of the Insurance Market (for Construction Risk) The insurance market continues to recalibrate after several […]
Stay Ahead with Cruden Read: May Market Summary and Analysis
State of the Insurance Market Coming into 2023 the insurance market had experienced a number of years of sustained hardening, with year on year premium increases and more restrictive coverage terms being applied across the segment. Whilst we are not seeing any significant shift from this position, there are certainly a number of identifiable industry […]
June 2022 Insurance Market Observations
BY JEREMY READ | 21.07.22 As everybody that has an involvement is aware, the insurance market for construction and engineering risks has hardened considerably over the past three years. Insurers that were previously prominent in the space have exited from the sector and insurers support for the various underwriting agencies that have previously been able […]
Why use a specialist Broker to place Construction Insurances?
BY JEREMY READ | 26.5.22 Construction projects are, by their very nature, complex. Projects will typically involve multiple parties carrying risks relating to the project, these mostly being allocated within contracts/subcontracts / consultancy agreements and other forms of engagement. The parties that may be involved can be diverse and far-reaching and include principals/owners, head contractors, […]