QBE awarded 5 Stars for construction insurance

To select the best construction insurers, Insurance Business UK asked hundreds of insurance brokers to rate the insurers they had worked with over the past 12 months. QBE has been rated 5 Stars.

So, why is QBE rated so highly? We believe there are 5 reasons why brokers and customers choose QBE as their construction insurer.

1. A consistent approach

QBE has been supporting construction and engineering firms for more than 30 years. We set up our dedicated construction practice in 2016 to provide a consistent approach across all lines of business and all disciplines: underwriting, claims, risk solutions and customer management. Having a dedicated construction practice enables us to focus on the real issues you face. More than simply providing cover and being there when things go wrong, we add value and give confidence by engaging proactively with you and familiarising ourselves fully with your risks and business challenges.

We work with many of the leading firms in the sector, with long-term relationships with 20 of the top 30 UK construction companies. Customers look to us for our technical expertise, our understanding of the industry, and our global reach.

2. Insurance for all aspects of your business

We can insure all aspects of your business, from protecting you against claims relating to the professional advice you provide, to third-party liability, motor, surety, trade credit, management liability and cyber. We also provide cover for project-specific owner-controlled and contractor-controlled programmes.

3. Risk management expertise

We know that customers who are committed to risk management, regardless of their risk maturity, show a lower propensity for accidents and losses. Our Risk Solutions team can help you positively influence your organisation’s safety, health, construction property, liability, motor and professional indemnity risk profile, reducing the likelihood of losses and mitigating their overall impact when they do occur. You can also access our QRisk online risk management portal and library of risk management tools and guidance.

4. A specialist approach to construction claims

We deliver a multi-function claims service, specifically tailored to the needs of businesses in the construction sector. We have claims staff who have previously worked in the industry and understand the commercial pressures you face. This helps us communicate clearly with you and build a level of trust and collaboration that can often be missing from customer-insurer relationships. You can count on us to be there when things go wrong, but also to add value in many other ways – before, during and after claims arise.

5. Helping businesses address mental health

Workers in the construction sector balance a wide range of daily stresses and anxiety from organisational challenges related to supply chain, workforce shortages and late payments, through to personal issues including heavy workloads and long hours. Mental health issues are the biggest cause of lost workdays in the UK (57%). Research also reveals that two construction workers die by suicide every day and that men in construction are three times more likely to kill themselves than the national average.

To help our customers evaluate and improve their mental health strategy, we’ve launched ‘QBE Minds in Business’ – a mental health strategic assessment tool that’s unique in the insurance market - developed in collaboration with Mind, the leading mental health charity, and other leading behavioural safety, business culture, mental health and resilience consultancies, so you can have confidence in the process and outcomes. We believe that Minds in Business can lead to healthier and happier employees, fewer workplace incidents, an improved claims experience and resultant improved business performance.

Want more information?

See how we can bring a fresh approach to your construction insurance by emailing me at Andy.Kane@uk.qbe.com

Download our Construction Practice brochure for more information on our collaborative approach to underwriting, claims and risk management support built around your needs.

Or when your insurance is due for renewal, ask your broker for a QBE quote.

Thank you to Insurance Business UK.