Construction Risks

Willis CKA has vast experience arranging construction insurance. Willis CKA’s Directors have arranged construction insurance for some of Australia’s largest¬†resources and infrastructure projects.

When arranging construction insurance Willis CKA brings the following to the table:

Ability to liaise directly with engineering and project management personnel.
Understanding and ability to interpret project schedules and capex spreadsheets.
Practical and commercial approach.
Understanding and appreciation of financier requirements.
Clear communication with contractors, sub-contractors, consultants and other interested parties.
Insurance arrangements that remain flexible and cater for changing scopes, capex and timing.
Accurate assessment of Delay In Start-Up (Advanced Business Interruption) exposures.
Accurate assessment of marine transit exposures.
Understanding the risks associated with long lead-time items.
Drafting and review of contractual Indemnity and Insurance clauses to ensure commercially appropriate risk allocation.