Construction

Chubb’s Construction Industry Practice provides insurance tailored for the industry’s complex and evolving risks.

Focus Area

We offer a range of insurance solutions designed specifically for construction companies, supported by construction specialists in underwriting, risk engineering and claims.
We insure:
  • General contractors
  • Commercial builders
  • House builders
  • Infrastructure
  • Groundworkers
  • Roads and Highways
  • Annual coverage
  • Single projects
  • Multinational
Covers available:
  • Masterpackage for Construction Companies
  • Casualty primary and excess
  • Contractors Pollution Liability
  • Contractors All Risks
  • Advanced Loss of Profits (ALOP)
  • Delay in Start Up (DSU)
  • Property
  • Professional Indemnity
  • Surety
  • Management Liability 
  • Marine project cargo
  • Personal Accident/Travel 
  • Cyber

Construction industry expertise

We know that contractors are continuing to expand and innovate. We provide tailored construction insurance products to meet the needs of construction clients, ranging from general contractors and property developers to project risks of all sizes. We draw on our long-standing expertise to assist our clients and their brokers in meeting their specific coverage needs, with integrated claims management and risk engineering support.

Risk Engineering

We help our clients identify problems before they turn into costly claims

An effective partnership with an insurer brings intelligence and foresight. It also saves money. Through tailored risk prevention advice, we help our clients identify problems before they turn into costly claims. At Chubb, we help our clients reduce the uncertainty and potential disruption that claims can bring.

 

How do we do this?

  • Qualified and experienced in-house risk engineers aligned with our underwriters
  • Carefully designed support and guidance around risk management and health and safety
  • Expert evaluation of your health and safety systems and practical risk controls
  • Free online support resources

Achieving excellence in construction claims management

Managing a construction insurance claim, whether for contract works or liability, can be challenging and time-consuming, diverting focus from your core business operations.

 

Construction projects involve various risks at every phase, from design to completion. Issues like inadequate planning, scope changes, errors, and unforeseen disruptions such as fires or floods can lead to numerous claims.

 

Conflicting expectations among clients, contractors, and sub-contractors can result in disputes. With multiple parties involved, determining the cause of an issue and liability can be complex, often taking months or years to resolve. Negotiations can become tense as each party seeks to protect their interests, complicating peaceful resolutions.

Our approach to Claims

The Chubb Claims Philosophy is ‘Setting a Standard, delivering beyond.”
At Chubb we understand that the handling of every claim is the most critical test of our service, our support and our reputation. Which is why our claims management sets us apart as a trusted, responsive and empathetic insurer that protects our clients worldwide. So what makes Chubb so effective in Construction claims handling? For us it’s 3 things:
1. Our understanding

Our claims teams possess specialised knowledge in the construction industry, allowing us to fully grasp the challenges faced by construction clients and brokers. 

2. Our expertise

Our expertise means we can swiftly understand the claim and respond appropriately. This expertise becomes particularly crucial, where insurer decisions are required promptly in order to address on-site issues.

3. Our consistency

As a global insurer, consistency is critical.  Every claim receives a consistent response from any Chubb person, team, office or carefully selected partner, anywhere in the world, which is particularly important for Construction clients with international operations or exposures. 

This cohesive approach to claims assists in achieving swift resolutions, minimizing disruption to your business, and reducing associated costs.

Resources

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