Project Insurance: How to Optimise Your Coverage
The construction insurance market is tightening, and with COVID-19 related claims set to reduce capacity further, the impact on coverage could be profound.
The good news is that companies can manage their project insurance costs and get more bang for their buck by using risk finance optimisation (RFO).
When utilising RFO, we help construction firms to formulate risk financing strategies, and investigate which type of project coverage would be more efficient: to deploy their own capital or arrange coverage from an insurance company.
With uncertainty created by both the coronavirus pandemic and the contracting market, more thought needs to be put into designing an insurance programme than would be the case during a soft market period.
For more information, please read our advisory note, Risk Finance Optimisation for Contractors, and don't hesitate to get in touch for more information.