Contractors Insurance

The insurance needs of a contractor may include insurances that are required by contract, such as Contract Works, Professional Indemnity, and others that are required by law, like Employer’s Liability and Motor Liability. Construction is a risky and litigious business requiring contractors to secure extensive but cost-effective insurance. This insurance needs to be written by financially strong insurance companies giving a really good claims service.

We provide the following services:

Insurance Programme

• Risk identification and evaluation
• Design of insurance and risk financing programme
• Broking of the programme with financially secure insurers
• Preparation of reports and presentations

Administration

• Production of documentation such as policies, certificates and insurance register
• Effective reporting and continuous dialogue with the client
• Regular meetings to review the status and progress of claims
• Renewal review and agreement of the renewal programme and time-scale

Claims management

• Development of a client-specific claims management system
• Providing detailed claims recording and analysis
• Internet Claims Management System assisting speedy claims settlement
• Uninsured loss recovery for motor claims
• Analysis of claims reserves to provide accurate statistics

Advisory services

• Specialist private finance initiative and public private partnership advise
• Technical advise on insurance coverage and contract conditions
• Update on insurance industry issues and changes in practice
• Updated advise on legal liability issues and any changes in United Kingdom legislation or European Union directives
• Access to the HSBC Group's resources to provide awareness on topical issues such as health and safety, private finance initiatives, joint ventures, partnering, mergers and acquisitions