Willis

Project Specific Owner Coordinated Programmes

A project specific owner coordinated insurance programme is a policy protecting the interests of all parties involved in a construction project with a single panel of insurers.

The result is that:

• all parties i.e. owners, financiers, contractors, sub-contractors, consultants and suppliers are insured and voids in cover and disputes and claims between the parties are avoided
• consolidation produces premium savings
• wider cover is achieved
• claims are managed to ensure delays or interruption to the project are minimized
  it is possible to remove the boundaries of the individual coverage classes and adopt a multiline approach which is non-cancellable by insurers and may encompass:
• Construction/Erection "All Risks"
• Third Party Liability
• Consequential Loss (both Delay in Start Up and Business Interruption)
• Property Damage
• Marine Cargo & Marine Cargo Delay in Start Up
• Contingent Employers and Motor Liability

At Willis we specialize in tailor-made project specific coordinated insurance programmes to meet all the risk transfer requirements of a project from the pre-construction phase until completion and beyond.

Contacts section:

David Warman
+44 (0)20 3124 8893