The essential Insurance broker for construction professionals

 

 

 

Building Design Insurance Bureau

Specialist Independent Advisers to the Construction Profession

Professional Indemnity

 

Professional Indemnity for surveyors including those where Survey and Valuation work comprises up to 50% of their fee income.

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Performance Bonds

 

The guarantee to the employer that a project will be completed according to the terms and conditions of the contract - otherwise the employer will sue for damages. The performance bond is normally 10% of the contract price. Whilst this can bought from a bank they would probably count this against your overdraft facility.

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Retention Bond

 

Contracts often have a provision for the retention of a percentage of the money owed by the employer to the contractor for work undertaken in case work fails to meet the specification.

 

Improve cash flow with a retention bond that allows 5% of the contract price to be released that would otherwise be tied up.

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Construction Commercial Legal Expenses

 

Are suppliers delivering goods not fit for purpose? This provides cover to pursue compensation, money back or provide the correct quality of service. This cover also offers an option of contract disputes with adjudication cover.

 

Cover also includes:

 

• Employment disputes cover including defence of unfair dismissal.
• Health and safety defence cover.
• Insurance cover for professional fees of a tax expert to negotiate with HMRC in the event of an investigation into your tax returns.

 

Free 24 hour legal helpline provided by solicitors and barristers.

 

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Latent Defects Insurance - Commercial Building Guarantee

 

Unlike Professional Indemnity, this applies to the structure and is freely assignable to future owners of the property. The main elements of cover are structural defects, ingress of water, subsidence, landslip or heave and the threat of imminent collapse requiring immediate remedial works to prevent damage. There is therefore no need to check whether professional indemnity is still active and provides protection.

 

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Design and Construct Cover

 

Key Features:

 

Claims made against the Insured arising from:

 

• Any negligent act error or omission.
• Dishonesty of employees.
• Libel or slander
• Unintentional breach of confidentiality.
• Unintentional infringement of intellectual property rights.
• Loss or damage to documents.
• The legal costs of prosecuting claims for infringement of intellectual property rights.
• Defence costs in dealing with certain criminal proceedings.
• Costs and expenses taken to mitigate a loss.

 

Full Policy terms and conditions available  on request

 

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Some things are free - one of them is a quote for any or all of the above

 

Contact us now for further details

 

Telephone 01245 494744 and ask for Richard McEwen   richardm@robjh.co.uk

 

Can you afford not to?

Professional Indemnity for surveyors- read more

 

Performance bonds - read more

 

Retention bond- read more

 

Construction commercial legal expenses - read more

 

Latent defects cover - read more

 

Design and construct cover - read more