Construction Protection Services

Including R150K to R1 Million Insurance Cover

Forward looking cover for the Construction Industry

This policy is a unique combination of consultancy services and insurance cover for the costs of employment of consultants, experts and the legal team when faced with the necessity to pursue or defend on action arising out of a construction contract. It covers arbitration or court litigation. This forward looking "before the event" policy, is an annual policy with premiums based on a percentage of annual turnover.

The policy is a powerful negotiating tool allowing the focus of settlement negotiations to be directed towards the issues without costs being used as a threat to induce a detrimental settlement.

Key Features:

• Provides a pool of funds to protect the insured from the costs of dispute;
• Cash-flows the dispute up to the limit of indemnity
• Flexible limits of indemnity R150k to R1 m per contract with higher limits on application
• Flexible limits of excess and co-insurance
• Covers all players in the construction industry;
  • employers
  • main and sub-contractors
  • suppliers
• Automatic and free access to contract specialists
• Flexible premium payment terms over 12 months
• Works for both the defence or pursuit of a claim
• Approved by the construction industry, endorsed by SAFCEC and the Master Builders Association Gauteng and Pretoria branches