Tag Archives: Construction insurance
Modern Methods of Construction
As an insurance broker who provides expert support and advice for businesses in the construction industry, we keep a close eye on MMC, or Modern Methods of Construction. What is insurance for modern construction? MMCs are currently revolutionising the construction industry by providing new ways of building that are faster, cheaper and more sustainable than…
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Construction – Problems with Products
What is Part Product? In the last few weeks I have seen trade advertising from different major insurers announcing that their Construction policy now has an optional extension for what is known as Part Product. Well, this is not something new, as I have been including this important extension since the early 1990s. Liability Insurance?…
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Legal News – Three Items of Interest for the Construction Community
Phoenixing: Construction bosses who 'phoenix' firms could now face fines or bans Construction is one of the UK industries that suffers the most from ‘phoenixing’ – folding a firm to avoid debts, then starting up a near identical business with a new name. Now directors who do this could face hefty fines or being banned…
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Ascend Broking Newsletter Spring 2022
Ascend Broking Cover notes Spring 2022 Explaining issues that affect your insurance In this issue - Business Interruption - Construction Delays - Martyn’s Law - Flooding - Is it covered? DOWNLOAD COVER NOTES Business success typically relies on a business carrying out its planned activities uninterrupted. It can, therefore, be beneficial to have insurance to…
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Will your insurance policy respond correctly between BFSC & LOSC?
Is your contractors policy set up correctly? The insurance definition of BFSC & LOSC is different to the HMRC definition. Make sure you have the correct procedures in place to ensure your insurance policies respond in your time of need. Whilst it is difficult to provide an accurate definition (as the law does not provide…
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Why Construction should Embrace Technological Advances
Construction is one industry that has been slow in embracing the considerable technological advances that the past decade has seen. Advancements have allowed for sites to be safer and more efficient. Technology also diminishes risk in many ways and, as the country eases itself out of lockdown, technology is extremely valuable. Many companies are increasingly…
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Subcontractors – The Difference between LOSC and BFSC
Subcontractors – The Difference between LOSC and BFSC The insurance definition of BFSC & LOSC is different to the HMRC definition. Ensure you have the correct procedures in place to guarantee your insurance policies will respond in your time of need. Whilst it is difficult to provide an accurate definition (as the law does…
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Corporate Travel insurance is an essential purchase
Purchasing an annual policy protects your employees whilst they are traveling on your behalf, and an annual policy arranged through your broker takes the worry out of purchasing a policy every time they travel – or relying on the limited cover that may be provided through your credit card. Importantly, when an employee is sick…
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Tradesman Liability Insurance – Why is it needed?
If you are a tradesman or if you work for yourself, you will probably know by now that one simple mistake or mishap has the potential to be very costly, even to the extent of closing down your business. For this reason, tradesman insurance is essential if you want to safeguard your livelihood. For the…
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Protect Your Plant in The Heat
With the UK seeing nearly unprecedented days of consistently hot and sunny weather, it seems that plant and other equipment has started suffering in the heat. We’ve seen a number of claims recently that have come from engines in plant catching fire on construction sites. We know you understand about maintaining your plant and keeping…
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