Global Construction and Engineering

Global Construction and Engineering
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Relying on your contractor’s insurance programme potentially leaves you exposed to losses arising from areas such as defective design, workmanship or materials, increasing construction costs or damage to adjacent property. We work with you to identify potential areas of risk, producing a bespoke programme for your development, from design through construction and throughout its operational life.

 

 

 

Our Services

Private finance initiatives (PFIs) and local improvement finance trust (LIFT) projects

We work with a range of clients in this field and we’re always looking to innovate. For example, we’ve developed comprehensive insurance programmes of up to five years, covering initial design through to construction and the operational life of the building. This approach can have huge benefits in terms of budgeting, particularly in the early stages of a project.

Our services include:

  • Designing and placing insurance programmes on your behalf
  • Providing expert advice and risk consultancy to public sector clients
  • Due diligence consultancy for project financiers

 

 

 

David Lyle
T: +44 (0)20 7933 2066
M: +44 (0)7769 243 416
E: david.lyle@uk.lockton.com
 

Power, energy infrastructure and regeneration projects

We have many years’ experience in the design, placement and servicing of insurance programmes for single and global onshore power, energy infrastructure schemes and construction projects, including regeneration, new build, fit out or conversion. Our access to the major construction insurance and reinsurance markets across the world means our projects can range from $250,000,000 to multi-billions of dollars in value.

Our services include:

  • Construction all risk/builders’ risk
  • Third-party legal liability/general liability and casualty programmes
  • Delay in completion/consequential loss/delay start up
  • Transit
  • Contractors’ plant and equipment
  • Combined construction/operational packages
  • Programme design, placement and claims settlement
  • Contractual review and advice
  • Advice on risk sharing and insurance
  • Assistance with consequential loss analysis
  • Negotiation with lenders and legal advisors
  • Independent lenders’ insurance advice

 

 

Stephen Downing
T: +44 (0)20 7933 2768
M: +44 (0)7966 575 142
E: stephen.downing@uk.lockton.com

Contractors and housebuilders

You are exposed to a multitude of risks – whether related to your responsibility for employees, members of the public, the construction site itself, plant and equipment or surrounding property. We look for new ways to reduce your total cost of risk, while maximising your cover by forming strong partnerships with your key people and getting to know the unique demands of your business.

Our services include:

  • Annual construction all risks insurance programmes
  • Specialist employers’ and third-party liability
  • Specialist contractors’ professional indemnity programmes
  • Motor fleet insurance policies
  • Alternative risk transfer and alternative risk finance (including PCCs/ICCs)

 

David Lyle
T: +44 (0)20 7933 2066
M: +44 (0)7769 243 416
E: david.lyle@uk.lockton.com

 

 

Surety bonds

We know you have to provide surety bonds to your employers – which can be a burden on your banking facilities (and time). This is why we advise you, alongside many large UK and European contractors, on arranging annual surety bond facilities. It’s vital to understand the obligations imposed in their wording – particularly where they deviate from model forms. We provide advice and guidance at all stages, including at tender, to make sure each bond is drafted in an acceptable way for both parties.

Our services include:

  • Performance bonds
  • Advance payment bonds
  • Retention bonds
  • Highways Act bonds

 

David Hayhow
T: +44 (0)20 7933 2624
M: +44 (0)7836 332 375
E: david.hayhow@uk.lockton.com
 

Our team

The Lockton Global Real Estate broking team has extensive experience which enables for a better understanding of a clients needs, exposures and insight in to the most advantageous market for their requirements both in the UK and abroad.

 

lockton

Why Lockton?

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

  • Find the right fit
    We will always 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 will always combine detailed modelling and financial analytics to show you the effect of an insurance programme on your business and the risks you face.
  • Fight for you
    We negotiate directly with insurers on your behalf to explain the technical aspects of your programme.
  • Stay up to date
    We will always keep up to date on developments in your industry, to make sure we understand your business.
  • Keep costs low
    Help risk financing come up with lowest cost or most suitable programme.
  • Global Expertise
    Lockton Companies Inc. is the world's largest privately held insurance brokerage firm.