Construction, Contractors, Plant & Computers

Annual contract works – Offline

Target Business:

• UK domicile companies -extended territorial limits on case by case basis
• Clients looking to build a long standing relationship with their Insurer
• Strong risk management procedures
• Minimum Premium 5,000 + IPT

Examples of non-target trades:

• Heavy Civils – sea defence, dams, tunnels, marine/wet works
• Large timber frame risks

Key features of cover include:

• Speculative Development – 6 Months
• Offsite storage – 250K
• DE3 with options to increase
• No onerous security requirements
• Low claims rebates
• LTAs

Contractors Plant and Equipment – Online – Ignite

Target Business:

• Mobile Plant and Equipment, values up to £100,000 any one item and £250,000 any one occurrence, can increase at terms to be agreed
• UK domiciled companies, e.g. Plant Hire using CPA or similar conditions
• Minimum premium is £1,000 + IPT

Examples of non-target trades:

• Forestry/waste/recycling industries
• Crane Hire
• Underground mining or tunnelling
• Marine/wet works

Key features of cover include:

• Blanket cover so no mid-term changes required to ease administration, peace of mind for the Insured that all equipment is covered
• No onerous security requirements
• Standard Chubb wording to apply

Contractors Plant and Equipment – Offline

Target Business:

• Mobile Plant and Equipment
• UK based companies
• Minimum premium is 5,000 + IPT

Examples of non-target trades:

• Forestry/waste/recycling industries
• High value crane only fleets
• Underground mining or tunnelling
• Marine/wet works

Key features of cover include:

• CPA Contract Waiver considered, often required for Local Authorities etc
• Blanket cover so no mid-term changes required to ease administration, peace of mind for the Insured that all equipment is covered
• No onerous security requirements
• Capability of insuring Specialist Equipment with extended reinstatement cover considered for plant up to 5 years old
  Low claim rebates

Annual contract works – Online – Ignite

Target Business:

• UK domiciled companies, traditional construction risks with turnover up to £5M
• Annual CAR risks only, single projects written offline
• Contract limit up to £3M, can include contractors owned and hired in plant
• Minimum Premium 1,000 + IPT

Examples of non-target trades:

• Civil engineering/wet works
• Timber frame risks, piling, cladding, demolition contractors

Key features of cover include:

• Speculative Development – 6 Months
• Offsite storage – 250K
• DE3
• No onerous security requirements
• Standard Chubb Annual CAR wording to apply

Contractors Plant and Equipment – Online – Ignite

Target Business:

• Mobile Plant and Equipment, values up to £100,000 any one item and £250,000 any one occurrence, can increase at terms to be agreed
• UK domiciled companies, e.g. Plant Hire using CPA or similar conditions
• Minimum premium is £1,000 + IPT

Examples of non-target trades:

• Forestry/waste/recycling industries
• Crane Hire
• Underground mining or tunnelling
• Marine/wet works

Key features of cover include:

• Blanket cover so no mid-term changes required to ease administration, peace of mind for the Insured that all equipment is covered
• No onerous security requirements
• Standard Chubb wording to apply

Computers

• Chubb has been a specialist insurer for computer equipment for decades and has specialist underwriters, loss control and claims staff worldwide
• Traded online via Ignite and supported by centralised underwriting team
• We like to insure all trades and occupancies from UK companies to multinationals
• Minimum premiums 150 + IPT
• Various Excess Options Including NIL
• Commission 30%

Key features of cover include:

• Wide range of equipment covered under the Electronic Office Equipment
• No restrictions for equipment to be covered at an employee’s home
• In the event of a claim, Chubb works with the clients’ current suppliers
• No requirement of Firewall, or Anti Virus Software
• No Maintenance Agreements to be in place
• No Theft Security Conditions