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Contractors’ risk and insurance solutions

Identify and prioritise risk areas for your construction business and projects, and boost resilience with Marsh’s contractors all risk insurance and customised risk transfer solutions — including liability coverage and surety bonds.

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Industry specialist

Specialty-focused service delivery led by our dedicated Construction practice.

Systematic approach

A consistent, methodical and pragmatic approach that anticipates key stakeholder needs in the project lifecycle.

Innovation

Leading innovation through alternative insurance and advisory solutions that cover emerging risk exposures.

How to manage key risks in the construction industry?

From small-scale engineering to large infrastructure projects, contractors today face multiple interconnected risks — such as natural disasters leading to supply chain disruption — that can potentially result in project delays and severe contractual and financial consequences. 

Risks are also unique to each construction project and organisation. Successful projects and resilient businesses need to ensure accurate identification and quantification of risks, implement risk mitigation actions, and obtain best-fit contractor insurance and risk transfer solutions.

Key risks facing the industry

Economic

  • Severe commodity shocks; long supply chain disruptions/delays.
  • Collapse of systematically important industries amid economic recovery.
  • Failure to stabilise price trajectories; surge in inflation and debt crisis.

Environmental

  • Natural and human-made catastrophes; extreme weather events.
  • Climate change, sustainability, carbon footprint disclosure requirements.
  • ESG, green financing, deconstruction, and green recovery.

Societal

  • Erosion of social cohesion; social unrest, livelihood crisis, mental health issues.
  • Infectious diseases leading to economic disruption.
  • Reputational risk arising from poor risk management.

Geopolitical

  • Geo-economic confrontation; government policy and regulations.
  • Regional and global geopolitical instability.
  • Political violence and unrest; terrorist attacks.

Technological

  • Emerging technological risks (e.g. modern construction methods) and adverse outcomes.
  • Vulnerabilities to cyberattacks, and data fraud/theft.
  • Pace of digital transformation; lack of protocols and/or standards.

What insurance and risk mitigation solutions are available for contractors?

With an extensive global network of carriers and decades of construction specialty expertise, Marsh and its Construction specialty team offer innovative and cost-effective risk solutions that are developed with robust data and analytics capabilities, customised to fit each construction project or organisation, and supported by dedicated service and claims assistance.

Core construction solutions

  • Construction all risks / Erection all risks
  • Third party liability /products liability
  • Professional indemnity
  • Construction plant and equipment
  • Marine cargo
  • Workers compensation / Employers liability 
  • Construction surety bonds / Performance bonds
  • Contractors pollution liability

Construction insurance consulting

  • Contractual review / analysis
  • Program cost indication and benchmarking
  • Project risk identification and analysis
  • Construction insurance market analysis
  • Construction insurance program design
  • Project owner / stakeholder management

Advisory services and solutions

  • Analytics and risk engineering
  • Claims solutions and advocacy
  • Strategic risk consulting
  • Climate and sustainability
  • Cyber solutions

To discover our full suite of solutions, click here.

Why Marsh?

Marsh, the world’s largest insurance broker and risk advisor, is dedicated to helping clients globally and in Asia manage risk effectively. For over 30 years, Marsh’s Construction speciality team has delivered unrivalled service and innovative, cost-effective solutions to our clients across 14 markets in Asia, and operate as part of a global team with over 1,200 dedicated construction specialists, ensuring depth of experience and capability is available to any client regardless of location.

Our People

Cynthia Yeung

Construction Practice Leader, Hong Kong SAR

To learn more about how Marsh contractors’ risk and insurance solutions can safeguard your project and enable the success of your business, get in touch with our representative today.

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