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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.
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?
Hear more from Tom Finnegan, Head of Construction for Chubb in UK & Ireland, and Louise Joyce, Head of Industry Practices for Chubb across EMEA, for an overview of our Construction Industry Practice and how we help brokers operating in the sector.
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 resolution
Our claims teams are specialists in the construction industry, equipped with the expertise to navigate the unique challenges faced by construction clients and brokers. With a deep understanding of the risks involved, we can quickly assess and respond to claims, ensuring timely and effective solutions. This approach enables us to make prompt decisions, crucial for addressing on-site issues and minimising disruptions to your operations.
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:
Our claims teams possess specialised knowledge in the construction industry, allowing us to fully grasp the challenges faced by construction clients and brokers.
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.
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.