Built Environment – Contractors
Bespoke Professional Indemnity, Fidelity Guarantee, Third Party Impersonation Fraud and Public Liability Policy for Contractors
Errors by Contractors can cause a client to suffer a financial loss. Claims which relate to construction projects are often slow to be discovered but develop into serious legal matters. These claims may include breaches of duty of care, statutory omissions, defamation, and sub-standard work.
Even if a lawsuit brought against the Contractor has no merit, defence in court demands significant time, resources, and money.
WHY CHOOSE GENOA?
As Genoas footprint in the liability space continues to grow from strength to strength, we thought we would share with you why more and more brokers are choosing to work with us as their partner of choice:
Our Underwriters are committed to providing our clients with superior turnaround times when issuing quotations and schedules of cover
Our underwriters are experts in their respective fields and are able to offer our clients technical advice which helps empower them to secure an account
We have strong working relationships with the top re-insurers in the country including Munich Re and Swiss Re who support all of our Professional Indemnity products
Through strategic reinsurance partnerships we are able to offer competitive market premiums
Our policies include a number of meaningful extensions that offer true value to our thousands of Insured clients
Our Insured Practitioners are represented by the top law firms in the country, including firms like Clyde & Co, Garlicke & Bousfield, Mac Robert Attorneys, Norton Rose Fulbright and Webber Wentzel
OUR COVER CAN INCLUDE:
Professional Indemnity
Professional Indemnity Insurance is very much needed in the Construction business and is designed to protect Contractors and Sub-contractors in the event that claims are made against them arising from errors in the performance of their work or advice.
Contractors should ensure they have professional indemnity insurance in place before starting any work or projects and that it is kept in force, to cover them for past work. Cover for past liabilities is referred to as retroactive cover.
Fidelity Guarantee Cover
Indemnity can be secured to safeguard the Insured (the employer) for the loss of business
account funds or property sustained as a direct result of acts of fraud, theft, or dishonesty caused by an employee in the course of employment.
Cover can be purchased on either a Blanket Basis, Named Position Basis or Named Person Basis.
Third-Party Impersonation Fraud
Cover can be secured to provide the Insured with protection against the loss of money (business and trust funds) subject to the insured having a Verification process in place.
Public Liability
The provides protection against legal liability for claims arising out of accidental death, bodily injury, illness or disease of or to any person; or accidental loss of possession or control of, or actual damage to property arising out of, and in the course of business.
Need this cover?
Our team of Broker Consultants are ready to answer any questions you may have