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Construction Industry Insurance and Expertise

Builders, designers, contractors, and trade specialists at all levels of a project depend on Lockton’s deep construction risk management expertise.  You will have dedicated experts working with you to identify potential risks and produce a custom package to cover them.  Our priority is to provide the widest possible cover, while reducing your total cost.

Contacts and Experience

Our market understanding and relationships with underwriters help us provide you with the right match for your risks. You also benefit from our team’s experience in:

  • Reducing claims costs through loss prevention
  • Claims Cost Control team to track, evaluate, and reduce losses
  • Financing risks via captives and other alternative risk tools
  • Advising on and arranging surety bond facilities
  • Integrating loss control, claims, and risk management into a comprehensive Wrap-Up package

Specialist Expertise

Architects and engineers around the world rely on Lockton’s expertise in professional liability to protect their business.

Lockton’s unique surety tools help you evaluate your subcontractors and strengthen your business.

Lockton’s construction team specialises in large, complex insurance programmes for global construction and civil engineering companies.

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Wrap-Up

Construction sites are a flurry of activity. While working to deliver quality projects on time, site owners and general contractors must have sufficient risk management measures.  Lockton can help. Lockton’s Controlled Insurance Program (CIP), also known as Contractor-Controlled Insurance Program (CCIP), Owner-Controlled Insurance Program (OCIP) or Wrap- Up, is tailored to your complex needs – ensuring adequate coverage for all parties.

The sponsor determines the coverage, eliminating concerns about gaps or limitations from subcontractors’ policies.”

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You Benefit From Our Wrap-Up Experience

Whether it’s a commercial or residential project, Lockton’s experts are your dedicated partner. Under a CIP, all enrolled contractors or subcontractors at the project site receive general liability, excess liability and (in many cases) workers’ compensation coverage. We protect the developer’s potential loss of revenue. Lockton CIPs integrate loss control, claims management and risk management for a comprehensive insurance solution.

Our experience includes, among others:

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  • Transportation
  • Utilities
  • Warehousing
  • Manufacturing
  • Retail and wholesale
  • Leisure and hospitality
  • Medical
  • Office towers
  • Residential
  • Mixed use

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