This is a time of great innovation and opportunity in the construction sector. The global construction industry is forecast to grow 70 per cent by 2025, while the UK’s target to reduce emissions to 20 per cent of 1990 levels by 2050 is creating huge opportunities for companies that design and build greener buildings and structures.
However, the sector is not without its challenges. With uncertainty in the aftermath of Brexit, a growing skills shortage, and quality control climbing the agenda, construction firms will need to ensure that they are monitoring and actively managing their risks.
QBE has been supporting construction and engineering firms for more than 30 years. We work with many of the leading firms in the sector; for example, we have long-term relationships with 15 of the top 20 UK construction companies. Customers look to us for our technical expertise, our understanding of the industry, and our global reach.
We know that you need quick decisions when arranging cover for construction projects, so we put you in direct contact with specialist underwriters who can respond quickly and creatively, helping you to make the most of your opportunities.
Our approach is not just about paying a cheque; we always strive to add value and build strong relationships with our customers. One way we do that is by providing comprehensive risk management support, helping you to foster a risk-aware culture and improve safety.
We understand that protecting your cash flow and margins is crucial, so in the event of a claim, we will work hard to achieve the best outcome as promptly as possible. Our claims people have the authority to make decisions, so they are able to respond to your needs efficiently and effectively.
We can custom-make cover for a wide range of construction projects in the UK and abroad for periods of up to 10 years. Our Construction All Risks and Erection All Risks policies can be combined with other relevant covers such as General Liability and Environmental Impairment Liability.
Read more about Contractors' All Risks
We provide bonds to firms in construction and related industries, offering independent security to customers against losses or damage suffered as a result of their contractors or suppliers breaching their contractual obligations.
Read more about Surety Bonds
We offer Employers’ Liability cover to construction and engineering firms relating to their duties under the Employers’ Liability (Compulsory Insurance) Act 1969 to insure against liability for bodily injury or disease sustained by employees.
Read more about Employers' Liability
Our General Liability policy offers construction firms effective protection against claims for damage or injury brought by third parties. Our experience in liability stretches back several decades and we have earned a reputation for sticking with customers through good times and bad.
Read more about General Liability
As directors and officers are increasingly being held personally responsible for any problems that arise – and given the potential scale of complications in the construction industry – Directors’ and Officers’ cover is becoming an essential part of attracting and retaining key people.
Read more about Directors' and Officers' Liability
Our Professional Indemnity (PI) cover protects professionals who provide advice – such as contractors, engineers and surveyors – from bearing the cost of defending claims for negligence or paying damages awarded against them. We are a market leader in providing PI tailored to the precise needs of the construction industry.
Read more about Professional Indemnity
QBE is one of the few insurers that can support customers with non-conventional arrangements, which – given the varied and changeable nature of construction projects – can prove very useful. We have also earned a reputation for dealing with claims quickly and fairly, helping to reduce any vehicle downtime.
Read more about Motor Fleet
We offer protection from damage to your organisation’s physical assets, as well as any resulting disruption to your business. Our experience and expertise allow us to help construction and engineering firms of all sizes, from single-site operations to multinational conglomerates.
Read more about Property
As regulations become stricter, the construction industry is increasingly exposed to risks associated with environmental damage. Our Environmental Impairment Liability cover insures contractors or their clients against risks arising from past or current operations.
Read more about Environmental Impairment Liability
Late deliveries and missing equipment or materials can result in cripplingly expensive delays. We provide wide-ranging Cargo cover that protects you against loss of or damage to goods in storage or in transit.
Read more about Cargo
Our global footprint means that we can grow with you, providing cover wherever you have operations. We can create compliant multinational programmes for a wide range of products – including General Liability, Property, Professional Indemnity and Directors’ and Officers’ Liability – in more than 150 countries.
Read more about Multinational