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Buildings - Construction

Delays in completing a major construction project can have expensive consequences. Loss of rental or sales revenues and the potential cost of providing alternative accommodation are just some of the expenses to which you may be exposed.

Another major consideration is third party liability cover, the extent of which will depend on the nature of your development, its surroundings and your contractual requirements. A city centre development in close proximity to highly sensitive third party property or rail infrastructure, for example, could require you to be covered for over £150 million.

JLT's construction team provides specialist delay in completion solutions which can cover:

• acceleration costs cover
• multi-site / multi phase exposures
• additional accommodation costs
• high capacity risks e.g. hospitals and tower blocks.

By tailoring your insurance arrangements, we shall ensure that you are fully covered for all the insurable risks specific to your project. Products that we can include in your programme include:

• core insurances: such as contractors all risks and third party liability
• revenue / rental exposures: delay in completion of a project
• inherent defects cover
• other insurances such as professional indemnity, pollution, legal liability and other environmental covers, judicial review, marine cargo and loss of profit, restrictive covenant/defective title and archaeological and other non-damage related delay.

As a team dedicated to major building projects and real estate sector, the JLT Construction practice offers you a wealth of knowledge and experience across construction projects including high rise buildings, mixed use developments, sports stadia and PFI projects. We are also experienced in contract forms such as NEC, JCT, PFI and bespoke forms.