We believe businesses deserve cover that connects. That’s why we have industry specialists in underwriting, risk engineering and claims who can see the big picture. They understand the risks across your sector and connect different types of cover and services together to match your businesses’ needs. It means less chance of policy gaps and overlap, because everything joins up – like it should. Chubb Industry Practices is all about providing tailored, specialist insurance solutions with capabilities and products that evolve to meet the changing risks of each industry.
CONSTRUCTION INDUSTRY EXPERTISE
Chubb’s Construction Industry Practice provides insurance tailored for the industry’s complex and evolving risks.
We know that contractors are continuing to expand and innovate. We provide tailored construction insurance products to meet the needs of construction clients, ranging from general contractors and property developers to project risks of all sizes. We draw on our long-standing expertise to assist our clients and their brokers in meeting their specific coverage needs, with integrated claims management and risk engineering support.
Video
Video
How we support brokers
Hear more from Tom Finnegan, Head of Construction for Chubb in UK & Ireland, and Louise Joyce, Head of Industry Practices for Chubb across EMEA, for an overview of our Construction Industry Practice and how we help brokers operating in the sector.
FOCUS AREA
We offer a range of insurance solutions designed specifically for construction companies, supported by construction specialists in underwriting, risk engineering and claims.
We insure:
General contractors
Commercial builders
House builders
Infrastructure
Groundworkers
Roads and Highways
Annual coverage
Single projects
Multinational
Covers available:
Masterpackage for Construction Companies
Casualty primary and excess
Contractors Pollution Liability
Contractors All Risks
Advanced Loss of Profits (ALOP)
Delay in Start Up (DSU)
Property
Professional Indemnity
Surety
Management Liability
Marine project cargo
Personal Accident/Travel
Cyber
Fleet
PRODUCTS & SERVICES
PRODUCTS & SERVICES
Find the right coverage for your Construction business
Masterpackage for Construction Companies
A modular package designed to cover Casualty, Contractors Pollution Liability, Contractors All Risks and Property, all in one policy.
From contractors to property developers to principal or owner-controlled programmes. This cover protects you for loss or damage to materials and works, and for delays. This product is also be traded on Ignite.
From mould to catastrophic environmental pollution incidents, this policy specifically addresses the wide range of construction exposures to help prevent coverage gaps
Provides cover for a construction firm’s liabilities a result of a failure to deliver services or advice, or for errors or omissions in the delivery of a service or advice, which results in financial loss to a third party.
We help our clients identify problems before they turn into costly claims
An effective partnership with an insurer brings intelligence and foresight. It also saves money. Through tailored risk prevention advice, we help our clients identify problems before they turn into costly claims. At Chubb, we help our clients reduce the uncertainty and potential disruption that claims can bring.
How do we do this?
Qualified and experienced in-house risk engineers aligned with our underwriters
Carefully designed support and guidance around risk management and health and safety
Expert evaluation of your health and safety systems and practical risk controls
Achieving excellence in construction claims management
Managing a construction insurance claim, whether it's related to contract works or liability, can be a challenging and time-consuming endeavor that diverts attention away from the core operations of your business.
Construction projects encompass a wide range of risks throughout every phase, from initial design to final completion. Factors such as inadequate planning or design, scope changes, errors & omissions, and unforeseen delays or disruptions like fires or floods on-site create numerous opportunities for claims to arise.
Divergent expectations and objectives among clients, contractors, and sub-contractors can potentially lead to conflicts and disputes. With multiple parties involved in a project, establishing the actual cause of an issue and determining liability often becomes a complex matter, taking months or even years to settle. Additionally, negotiations can quickly become tense as each party seeks to safeguard their position, making it challenging to achieve a peaceful resolution
Our approach to Construction Claims
The Chubb Claims Philosophy is ‘Setting a Standard, delivering beyond.”
At Chubb we understand that the handling of every claim is the most critical test of our service, our support and our reputation. Which is why our claims management sets us apart as a trusted, responsive and empathetic insurer that protects our clients worldwide. So what makes Chubb so effective in Construction claims handling? For us it’s 3 things:
1. Our understanding
Our claims teams possess specialised knowledge in the construction industry, allowing us to fully grasp the challenges faced by construction clients and brokers.
2. Our expertise
Our expertise means we can swiftly understand the claim and respond appropriately. This expertise becomes particularly crucial, where insurer decisions are required promptly in order to address on-site issues.
3. Our consistency
As a global insurer, consistency is critical. Every claim receives a consistent response from any Chubb person, team, office or carefully selected partner, anywhere in the world, which is particularly important for Construction clients with international operations or exposures.
This cohesive approach to claims assists in achieving swift resolutions, minimizing disruption to your business, and reducing associated costs.
WHY CHUBB?
WHY CHUBB?
We understand construction – and care about your company
Global reach, local expertise – for everyone Whether your business is big or small, takes you around the world or just around town, Chubb is here for you. Our breadth of experience in construction business insurance means we can provide the guidance and service you need, whenever you need it, wherever you may be.
Partnership that’s personal We work to understand your business and where you’re headed so we can be proactive about meeting your needs. We invest in getting to know you, your team, and your customers. The goal: to help you see ahead, be ahead, and stay ahead..
Creative problem-solving Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always helping clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to solving your challenges.
Expertise and financial strength We’ve served clients and partnered with leading organisations for more than 200 years. Our longevity, expertise, and financial strength are the bedrock of our business.
