Delivering on our commitment to review and develop our suite of products based on feedback from our insurance broker partners, we have relaunched our construction insurance product suite to better meet the needs of modern contractors and construction companies.

A key focus of the revamp was the amalgamation of our previous contract works/contractors’ all risks (CAR) and erection all risks (EAR) products into a single construction insurance solution, available as either an annual or project specific policy. Although it can form part of the construction insurance package, contractors’ plant insurance can still be sold as a separate product and has also been updated.

As part of the product revamp, additional elements of cover have been included:

• Cover can be provided outside the United Kingdom, the Channel Islands or the Isle of Man, which will be assessed at the point of quotation and subject to legal and regulatory restrictions
• Cover for general average and salvage charges, where contract works, construction plant or temporary buildings are being transported by sea for international projects
• Defect Exclusion 4 (DE4) cover as standard
• No maximum contract period or value exclusion
• Basis of claims settlement on new owned plant has been increased from 12 months to 24 months
• Cover for items on free loan included
• A revised plant security approach

These additional elements of cover can be subject to limitations and conditions which can be found in the policy documents, available upon request.
 

Alan Scholes, Construction and Engineering Underwriting Manager, comments on the construction insurance relaunch.

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_{Any descriptions of coverage contained are meant to be general in nature and do not include nor are intended to include all of the actual terms, benefits, and limitations found in an insurance policy. The terms of any specific policy will instead govern that policy. Any guidance for UK insurance brokers is intended to provide general information only, and should not be used as a substitute for legal advice.}