At Willis Towers Watson we organize tailor-made, project-specific and coordinated insurance programs to meet all the risk transfer requirements of a project from the pre-construction phase until completion and beyond.
The result is that:
- All parties: i.e., owners, financiers, contractors, subcontractors, consultants and suppliers are insured, and voids in cover and disputes and claims between the parties are avoided
- Consolidation produces premium savings
- Wider cover is achieved
- Claims are managed to ensure delays or interruption to the project are minimized. It is possible to remove the boundaries of the individual coverage classes and adopt a multiline approach that is non-cancellable by insurers and may encompass:
- Construction/Erection ‘All Risks’
- Third-Party Liability
- Consequential Loss (both Delay in Start Up and Business Interruption)
- Property Damage
- Marine Cargo & Marine Cargo Delay in Start Up
- Contingent Employers and Motor Liability
