The Contracting and Construction sectors are faced with numerous ever evolving business risks ranging from the control of sub-contractors to site and plant security. Whether you are self employed or the owner of a large construction group, risks still exist and you need the peace of mind that comes with knowing that you have an insurance and risk management programme that meets your needs and protects your interests.
Whether it is contract works insurance for your projects, plant insurance for your tools of trade or liability cover for employees and the public Belmont International have the experience and knowledge required to tailor solutions to your needs.
Insurance for the construction and contracting sectors today
Insurers continue to suffer financial losses due to large injury and liability claims as well as the continuing plant theft challenges that emanate from the construction and contracting sectors and yet competition for contracting business still exists. As an example of this, new initiatives launched by certain insurers have proven to be particularly beneficial to smaller contracting companies. This competition is however running out and as we approach 2010 the signs are that the sector may be among the first hit by rising rates.
Types of Construction and Contracting insurance
Whatever your requirements and size of organisation – from small contractors through to large construction projects - we will work with you to ensure that you’re appropriately covered. Although we provide a bespoke service to all of our clients, below are examples of the types of cover that could be included within your business insurance package:
-
Contract Works and Materials
- Hired in Plant
- Employers and Public Liability
- Professional Indemnity - design projects
- Advanced Loss of Profits
- Performance Bonds
- Environmental Impairment
- Motor