Construction & Engineering
No matter your role in a project, any company involved in the construction field is open to a multitude of liabilities and risks. This can range from serious accidents involving workers being injured to hazardous material spills to property damage caused by crane operator error
Contract Works Insurance
There are a number of things that can go wrong during construction project that can cause considerable financial loss and damage to your reputation. That’s why it’s important to manage your risks during all stages of the construction project and protect both you and your assets should an incident occur. Contract Works Insurance (or Construction Works Insurance) provides insurance cover for a construction project. Cover includes accidental theft and damage of contract works during construction as well as third party liabilities and compensation. At AMG, we understand that every project is different. We will take the time to assess your individual risk management requirements and exposures and deliver insurance solutions that are tailored to you and the needs of your project. A typical Contract Works Insurance policy will provide cover for: Material damage or theft of contract works Third party property damageMaterial damage to on-site plant and equipment and existing structuresThird party bodily injuryLegal LiabilityDelay in start-up
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Contract Works Insurance
There are a number of things that can go wrong during construction project that can cause considerable financial loss and damage to your reputation. That’s why it’s important to manage your risks during all stages of the construction project and protect both you and your assets should an incident occur.
Contract Works Insurance (or Construction Works Insurance) provides insurance cover for a construction project. Cover includes accidental theft and damage of contract works during construction as well as third party liabilities and compensation.
At AMG, we understand that every project is different. We will take the time to assess your individual risk management requirements and exposures and deliver insurance solutions that are tailored to you and the needs of your project.
A typical Contract Works Insurance policy will provide cover for:
Material damage or theft of contract works
- Third party property damage
- Material damage to on-site plant and equipment and existing structures
- Third party bodily injury
- Legal Liability
- Delay in start-up
Third Party Liability Insurance for Construction Risks
Third Party Liability insurance (sometimes referred to as Public liability (PL) or Commercial General Liability (CGL) provides indemnity for legal liability following third party property damage or third party bodily injury arising from insured activities. Cover can typically be extended to include the interests of the various parties to a construction contract. This could include amongst others the main contractor, the owner/developer and lenders. The policy will cover liabilities that arise both in contract and in tort (e.g. negligence, breach of statutory duty) and is typically arranged on a ‘claims occurring basis’, i.e. the policy will respond to claims occurring during the policy period, irrespective of when the claim is subsequently made. We work on behalf of owners, developers and contractors alike to ensure robust third party liability insurance programmes are in place. We will ensure that suitable limits are established to cover potential third party liabilities arising out of a specific project or business activities as contractual minimum limit requirements will not limit your liability to a third party in the event of a claim. AMG will assist the client in assessing these factors, which may include the proximity...
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Third Party Liability Insurance for Construction Risks
Third Party Liability insurance (sometimes referred to as Public liability (PL) or Commercial General Liability (CGL) provides indemnity for legal liability following third party property damage or third party bodily injury arising from insured activities.
Cover can typically be extended to include the interests of the various parties to a construction contract. This could include amongst others the main contractor, the owner/developer and lenders.
The policy will cover liabilities that arise both in contract and in tort (e.g. negligence, breach of statutory duty) and is typically arranged on a ‘claims occurring basis’, i.e. the policy will respond to claims occurring during the policy period, irrespective of when the claim is subsequently made.
We work on behalf of owners, developers and contractors alike to ensure robust third party liability insurance programmes are in place. We will ensure that suitable limits are established to cover potential third party liabilities arising out of a specific project or business activities as contractual minimum limit requirements will not limit your liability to a third party in the event of a claim.
AMG will assist the client in assessing these factors, which may include the proximity of third party risk, the type of risk, potential consequential losses following injury/damage and maximum potential loss exposure.
Delay in start-up/ Advanced Loss of Profits
Delay in start-up coverage is designed to cover the loss of the anticipated or potential income in the event a construction project suffers physical loss or damage during construction. In a way, delay in start-up (or “DSU”) coverage is a form of business interruption insurance for construction projects.
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Delay in start-up/ Advanced Loss of Profits
Delay in start-up coverage is designed to cover the loss of the anticipated or potential income in the event a construction project suffers physical loss or damage during construction. In a way, delay in start-up (or “DSU”) coverage is a form of business interruption insurance for construction projects.
Contractors Plant & Equipment
Your plant and equipment make up a big part of your business. However, there can be significant risks associated with working on large scale projects and operating heavy machinery which need to be responsibly managed. Contractors Plant & Equipment Insurance insures your equipment, machinery and plant against unexpected loss or damage and applies whether the equipment is on-site or off-site. Contractors Plant and Equipment Insurance is an ‘all risks’ cover, which means that unless specifically excluded all physical damage or loss is covered. At AMG, we understand the risks that your industry face every day. That's why our specialist insurance brokers and claims team are here to deliver unrivalled service, expert risk advice and tailored insurance solutions to cover you and your business.
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Contractors Plant & Equipment
Your plant and equipment make up a big part of your business. However, there can be significant risks associated with working on large scale projects and operating heavy machinery which need to be responsibly managed.
Contractors Plant & Equipment Insurance insures your equipment, machinery and plant against unexpected loss or damage and applies whether the equipment is on-site or off-site. Contractors Plant and Equipment Insurance is an ‘all risks’ cover, which means that unless specifically excluded all physical damage or loss is covered.
At AMG, we understand the risks that your industry face every day. That’s why our specialist insurance brokers and claims team are here to deliver unrivalled service, expert risk advice and tailored insurance solutions to cover you and your business.
Construction Professional Indemnity
When it comes to construction there are many professional services provided to make a successful build. Builders and construction professionals have very unique risks and require tailored insurance products to cover their exposures. AMG specialises in Professional Indemnity insurance for construction professionals, so whether your a draftsman, designer, architect, engineer, construction manager/supervisor or you simply contract out any of these services, we can provide assistance and guidance in choosing the right Professional Indemnity insurance to protect you. The majority of Professional Indemnity claims are made by owners against architects and engineers they have hired to provide professional services related to the design and construction of a building. Claims may arise out of the alleged negligent acts, errors, or omissions of the design professionals in providing services related to the project where failures of structural components or equipment result in losses or damage to the owners and third parties. Professional Indemnity Insurance provides essential financial protection for your Construction Contracts. It is essential cover for construction professionals to help protect their business and personal assets.
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Construction Professional Indemnity
When it comes to construction there are many professional services provided to make a successful build. Builders and construction professionals have very unique risks and require tailored insurance products to cover their exposures.
AMG specialises in Professional Indemnity insurance for construction professionals, so whether your a draftsman, designer, architect, engineer, construction manager/supervisor or you simply contract out any of these services, we can provide assistance and guidance in choosing the right Professional Indemnity insurance to protect you.
The majority of Professional Indemnity claims are made by owners against architects and engineers they have hired to provide professional services related to the design and construction of a building. Claims may arise out of the alleged negligent acts, errors, or omissions of the design professionals in providing services related to the project where failures of structural components or equipment result in losses or damage to the owners and third parties.
Professional Indemnity Insurance provides essential financial protection for your Construction Contracts. It is essential cover for construction professionals to help protect their business and personal assets.
Project Marine Cargo
During the transportation and construction phases of multimillion-dollar infrastructure projects, delays due to damage of critical materials, or to custom-built, heavy-lift cargo can have disastrous effects. At AMG, our Project Cargo coverage provides comprehensive transportation insurance and a team approach that helps clients mitigate their exposure to the risk of costly cargo delays and damage. We serve a wide range of sectors, including energy and renewable energy, construction and infrastructure, chemical facilities, printing, power, steel, and more.
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Project Marine Cargo
During the transportation and construction phases of multimillion-dollar infrastructure projects, delays due to damage of critical materials, or to custom-built, heavy-lift cargo can have disastrous effects. At AMG, our Project Cargo coverage provides comprehensive transportation insurance and a team approach that helps clients mitigate their exposure to the risk of costly cargo delays and damage.
We serve a wide range of sectors, including energy and renewable energy, construction and infrastructure, chemical facilities, printing, power, steel, and more.