Construction Insurance

At HSB, we understand the challenges when undertaking construction works, and the wide variety of risks and insurable interest; whether created by the very nature of the work, the location or due to contractual requirements.

From the construction of buildings and the installation of machinery, through to contractors’ plant and specialist machinery inherent defects insurance, we have a range of expertly-crafted insurance products specifically designed to cover all aspects of a construction project.

We can provide our partners with innovative, all-encompassing construction insurance solutions.

Our combination of technical knowledge and quality, along with our reputation for reliability, make us easy to work with.

Cover for construction, buildings and civil engineering projects.

Cover for electrical/mechanical plant risks during the erection/installation stage.

Cover for unforeseen loss or damage to owned or hired-in construction plant and machinery.

Cover for plant and machinery loss and damage during the transit and installation process.

Drawing on our vast expertise in the construction sector, we are able to provide insurance products to meet the insurable risks of a specific project:
 

• Policy wordings specifically designed with contractors, property developers and construction plant owners in mind 
• Extensive underwriting expertise of construction projects 
• Specialist engineering knowledge of plant and machinery 
• Cover available across the UK and Ireland
• Access to experienced in-house construction loss control risk engineers
• Access to claims handlers and loss adjusters with specialist knowledge of the construction industry

Our underwriters and risk engineers have extensive experience in providing construction insurance and are recognised as experts in this field.
 

• Leading specialist provider of engineering and technology insurance and inspection services in the UK and Ireland
• Proactive inspection service carried out by a network of competent, technically-experienced Engineer Surveyors located throughout the UK and Ireland
• UK-based arm of HSB Group, the equipment breakdown insurance and inspection market leader since 1866
• Part of Munich Re, a world leader in risk solutions, consistent risk management and financial stability
• Financially strong and stable – rated A++ (Superior) by A.M. Best Company
• A member of the Institute of Customer Service, demonstrating our commitment to continually improving customer service performance and professionalism

If you’re looking to provide specialist construction covers as part of your commercial proposition, contact our team.

Our series of 'risk guidance documents' offer both practical advice and guidance based on industry best practices. These include titles such as:
 

• Construction site fire safety plan - guidance for site managers
  
• Tower crane collapse events - risk management
  
• Safeguarding construction plant and equipment
  
• Fire caused by hot works
  

We have produced guidance on how to manage a construction site shutdown in order to reduce the risks and impact of any issues during a temporary closure of the works.