Why do clients need Construction and Latent Defects cover?
The commercial construction industry can generate many opportunities, but there are many factors that can't be guaranteed – weather, losses from escape of water or fire, theft of materials, accidents on-site or injuries to third parties can all cause delays and problems on a project.
If your client is involved with the construction industry in any way or is undertaking or financing a major construction project, they may find their current cover may not provide enough protection. Construction cover is designed to help protect all insured parties against issues that can arise in the trade or on construction projects.
General cover can include:
- Contract works
- Delay in start-up
- Public Liability
Why choose Aviva's Construction and Latent Defects cover?
At Aviva, we understand that every business operates differently, even within the same industry. We don’t think any policyholder should pay for cover they don’t need, so we’ve made every cover section optional. Your corporate client can choose from any of the following:
- Business Interruption - here to help your client get back on their feet and trading as usual if they're impacted or have to stop construction due to an unforeseen insured event
- Contract Works - can help cover the costs of redoing or repairing work on a construction site
- Contractors’ all risks - protection for loss or damage to building works
- Delay in start-up - can help protect your client against financial losses if there's a delay to the completion of the project
- Erection all risks - protection for loss or damage during the construction of equipment
- Property Damage - provides cover in the event of damage to any contents, machinery and plant or fixture and fittings in your client's business
- Public Liability - supports your client with legal fees and compensation pay-outs if your client is accused of causing injury or property damage
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Claims
Our dedicated claims service is there whenever your client needs us – they can call our 24/7 claims line or email us anytime.
Your client will be allocated a claims handler, who will support them throughout the entire process, but they’ll also have access to our panel of solicitors working in litigation and claims investigation.
Our defence excellence team will be on hand to help protect your clients against fraudulent claims and also give advice on best practice procedures and legislation that can help companies enhance their risk management strategies.
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