Help us to help you

Including the right information in your submission makes it more likely that we will quote - and helps us apply our best terms.

Critical Information for Contract Works/Plant Risks

  1. Years trading or previous experience if a new venture along with details of the last three contracts (even new ventures can attract a discount if you can outline any previous experience)
  2. Last three years' turnover and three years' claims experience so we can assess any fluctuations (if a turnover has fluctuated this may not give a clear representation of the claims experience)
  3. What % of work involves the use of Timber Frame? (This is a material fact. Our policy gives up to £2M/3 storeys, please ensure this is adequate.)
  4. Estimated maximum exposure on any one site - use this to set the limit of indemnity (LOI). (We work on a LOI basis, not maximum contract value. A contract may be in two equal phases and the LOI can reflect this)
  5. Estimated maximum exposure for own and hired in plant on site/own premises - use this to set the limit of indemnity (LOI). (We work on a LOI basis, not sum insured, this can make a real difference to the rating if there is a good spread of risk)

Important Information for Contract Works/Plant Risks

  1. What % of turnover is derived where the employer is responsible for ensuring the contract works? (This is a key rating factor. If the employer is ensuring the work in joint names then a premium saving can be obtained.)
  2. Split between new build and alternations/maintenance (this allows us to accurately apply the right rates rather than allocate to the highest risk)
  3. Detail on the security onsite (particularly where timber frame is a feature)
  4. Inventory of plant, detailing individual makes, models and value and whether any security devices are installed (this allows us to accurately apply the right rates rather than allocate to the highest risk)
  5. Annual hiring charges (this is a rating factor)