Willis

Willis assists contractors throughout the world with the effective management of their exposure to risk. Widely recognized as a market leader, we provide professional risk management consultancy and insurance broking services that include the design of innovative, bespoke annual or project based insurance programs for our clients’ protection. By finding the optimum balance between risk retention and risk transfer, our function is to directly influence and minimize the cost of risk.

The full implication of any risk transfer obligation imposed on contractors may need explanation and clarification. Contract conditions may be complex and the assumption by a contractor of risks such as liquidated damages following damage to the contract works, unforeseen ground conditions and onerous collateral warranties are not uncommon.

Even without such burdens each contractor has a business to manage and with it the inherent financial exposures arising from loss of, or damage to structures, stored materials, contract plant and equipment, motor vehicles and legal liability to employees and third parties.

To minimize contractors’ exposures we provide risk transfer protection for:

• Construction and erection of contract works
• Public, products and employers’ liability
• Construction plant and equipment
• Transit/cargo
• Motor fleets
• Loss of or damage to property and assets
• Plant hire liability
• Professional indemnity/collateral warranties
• Legal expenses
• Contractual indemnities
• Delay in completion risks arising as a result of:
  • Archaeological discoveries
  • Unforeseen ground conditions
  • Other causes
• Cost overrun
• Consequential losses
• Environmental risks
• Liquidated damages
• Latent defects
• Terrorism
• Performance guarantees

Related services include:

• Plant inspection services
• Health and safety services
• Construction design management (CDM) regulations services
• Environmental surveys