Construction

Construction
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Give your business a competitive advantage

Risk creates uncertainty that can increase costs, erode stakeholder confidence and hinder project delivery. Where ever you are in the construction journey – from project conception to completion it is important to be risk-aware and ensure you have the necessary insurance to cover accidental risks of physical loss or physical damage during construction, third party liability and advance loss of profits.

Rely on specialist expertise to protect your business

Builders, designers, architects, engineers and trade specialists at all stages of a project depend on Lockton to identify potential risks and produce a customised programme to cover them. Our priority is to provide the most comprehensive cover while reducing your total cost.

Our industry experience includes managing small to multi-billion dollar projects within oil, gas, petrochemicals, mining, iron and steel, transportation, buildings and civil engineering.

Committed to your unique and changing needs

Our team has specialist experience in the design, placement and servicing all types of onshore power, energy and construction projects throughout the world. We arrange insurance and risk transfer options for single projects as well as global facilities with multi project coverage.

Interested in natural catastrophe cover?

Ask us for more information on contract works insurance programs in territories affected by natural catastrophe such as wind storm, flood zones and similar. Our experts can help you with:

•  Full cover for projects
•  Difference in conditions cover
•  Deductible buy-down protection

Construction Brochure

Click to download (1.15 MB)

Products and services

We offer a range of innovative solutions tailored to your construction insurance needs:
•  Contract Works and Builders Warranty
•  Trade Credit and Surety
•  Property and Business Interruption
•  Plant and Machinery
•  Accident and Health
•  Public and Product Liability
•  Workers Compensation

Our team

Our construction team has specialist experience in claims cost control and reduction, risk transfer and integrated packages suitable for most general construction projects as well as in large, complex insurance programs for global construction and civil engineering companies.

 

Broking done differently

We're more than an insurance broker -
we're independent specialist risk consultants

  • Find the right fit
    We will always ensure to understand your financial goals and position and use our know-how to create a strategy that fits your objectives
  • Predict impacts on your business
    We combine detailed modelling and financial analytics to show you the effect of an insurance program on your business and the risks you face
  • Fight for you
    We are not afraid to challenge insurers on your behalf to achieve the best result for you
  • Stay up to date
    We keep up with developments in your industry, to make sure we understand your business
  • Keep costs low
    We help risk financing come up with lowest cost or most suitable program
  • Global Expertise
    Lockton, Inc. is the world's largest privately held insurance brokerage firm