Construction is inherently a risky industry, especially with increasingly innovative and complex designs. Recent changes in the industry have also added risk management concerns to its current risk profile. This article highlights how insurers and brokers can navigate construction’s complex risks.
The construction sector is increasingly using modern methods of construction (MMC). However, trends are emerging of the problems that can be experienced when using modern building methods. This article provides best practice tips on how to manage MMC risks.
There are hundreds of construction fires every year in the UK, leading to delays and spiralling costs for both building owners and contractors. This article looks at how to manage construction fire risk, including the importance of fairly allocating contractual liabilities between parties.
The construction sector is predicted to enjoy a period of sustained growth until at least 2020. This, the first in our two part whitepaper series on construction, assesses the market outlook and issues for the sector from skills shortages and Brexit, to changes in construction technology.
This, the second white paper in our two part series on construction, takes a look at some of the associated regulatory changes and risk management topics, highlighting the insurance related issues.
An in-depth guide to hot works safety: How to identify and address the key challenges organisations could face
Many types of construction or maintenance projects may involve hot works, with roofing a common example. This whitepaper discusses the best ways for organisations to manage risks associated with hot works, from the initial process of selecting a contractor through to the project’s final stages.
Unmanned Aerial Systems (UAS) or “drones” are quickly changing the way construction companies operate, and offer solutions to complex construction and safety challenges. This article explores UAS applications for the drilling industry, risk management considerations and available insurance options.
In June, XL Catlin’s North America Construction insurance business hit a major milestone – it surpassed its USD 2 billion gross written premium mark. In other words, in its six and a half years of existence, this dedicated team underwrote USD 2 billion of multiline insurance coverages exclusively…
Even today, 25 years later, Hurricane Andrew ranks as the fourth most expensive hurricane in US history. This article looks back at the widespread destruction caused by Hurricane Andrew, what lessons have been learnt and how risk modeling, loss prevention and construction methods have evolved.