Traditional construction risks such as contract works, public liability, damage to contractors' plant and equipment and the inability to complete a contract continue to be relevant. However, companies in the construction industry need to extend their risk management practices to cover latent defects, environmental liability, project specific professional indemnity, delay in completion of a project, alliance projects, P.P.P. projects, and insurance bonds.
Products and services
Marsh can assist the construction industry in all areas of construction insurance and risk management including identification, quantification, control, transfer and review. Industry-specific services include:
- Workers compensation reviews
- Development of a project risk profile including risk action plans
- Review and audit of construction and operational physical risks including fire,
- Occupational health and safety, environmental, natural hazards and security
- Negotiation of premium payment terms to meet with project cash flows
- Reviews of site practices for compliance with applicable regulations
- Employee benefits consulting and insurance
Marsh has worked with the construction industry for over 30 years to identify risks, analyse exposures and provide cost-effective risk solutions. As well as tailoring insurance programs to meet your needs, we can provide a full range of risk management services