Construction and Engineering

— PRODUCTS AND SERVICES

Construction and Engineering

Insurance solutions for all stages of project delivery

Insurance that delivers when you need it most

Our breadth and depth of experience, market presence and dedicated construction specialists located across Australia ensure that we deliver the insurance, risk management advice and support that your business needs. We have a detailed, local understanding of the issues you face and access to an extensive network of the world’s specialist insurers.

We are committed to providing exceptional standards of service through innovative insurance and risk management solutions. This will assist you in achieving your business goals, whether that be reducing or controlling claims costs and financing risks - enabling you to deliver your projects on time and to budget.

Project owners, developers, architects and engineers, contractors and trade specialists at every level depend on our team’s expansive construction risk expertise. Our approach to risk extends beyond buying insurance and the efficacy of our client partner’s approach to risk, including management controls and risk financing strategy, is a key component of the risk transfer process.

Contract works
Third party liability
Delay in start-up
Surety
Cyber
Parametric products (non-damage business interruption)
Statutory liability
Builders warranty

Marine cargo and transit
Contractor's plant
Contractor’s pollution and environmental legal liability
Professional indemnity both annual and project specific
Employee benefits
Latent defects
Bespoke coverage/program design
Trade credit

Secure your site with a bespoke wrap-up program

Whether it’s a commercial, residential or engineering project, it is important to protect against potential loss of revenue should a contractor or subcontractor incident occur. Lockton's Controlled Insurance Programs or Wrap-Up, is tailored to your complex needs and specific project requirements. Integrating loss control, claims management and risk management under a Controlled Insurance Program, all enrolled contractors and/or subcontractors at the project site receive adequate and consistent coverage aligned to contract requirements.

Onshore power and energy
Oil, gas and petrochemicals
Mining
Commercial and residential building
Civil engineering

Our services include:

Claims advocacy
In-depth contract review and advice
Negotiation with lenders and legal (due diligence)
Risk control services and consulting
Analytics
Program design (annual, project specific, and difference in conditions)

We pride ourselves on our ability to optimise your risk profile for effective presentation to the insurance market, and as a result being able to deliver innovative solutions offering the broadest protection while reducing your costs.