Protect projects with Lockton MENA construction insurance, from all-risk to liability cover. Safeguard builds at every stage - speak to our experts today.
In the construction sector, risk creates uncertainty that can increase costs, erode stakeholder confidence and hinder the delivery of project goals. Our risk management strategy is designed to reduce this uncertainty, giving your business a competitive advantage.
As the Middle East and North Africa continue to invest in the expansion of their cities and economies grow stronger, our portfolio of construction projects increases and diversifies further including large industrial, retail and residential construction projects, energy projects, power generation projects (including nuclear and renewable energy).
What we bring to your business
Our team will work closely with you to put forward a creative approach to leverage markets and optimize coverage at the most competitive terms.
At Lockton, we believe one of the most important aspects of construction insurance is the quality of your submission. We use our expertise and knowledge of the market to guide you in the best way to present your business to underwriters.
We take pride in our relationships with underwriters throughout the global marketplace. This allows us to negotiate directly with the insurers that have the corresponding expertise and knowledge in the appropriate territory so we are able to obtain the best deal for you.
Through transparency, professionalism and commitment, Lockton in MENA strives to achieve the best coverage possible for our clients using the expertise and widespan of our regional and international offices.
Our services and areas of expertise
The range of services we offer includes:
Construction All risks, Erection All Risks, Contractors Plant and Machinery liabilities
Delay in Start Up
Project Cargo
Project Professional Liability
Owner Controlled Insurance Programme (OCIP)
Contractor programme
Project finance transactions
Package policies (construction plus 1st year operations)
Risk management advice and guidance including Delay in Start Up (DSU) Study
The recent crisis in the Middle East showed how quickly remote events can affect the balance sheet. Supply chains stalled, revenues came under pressure, liquidity tightened, and decisions had to be made before the full picture was clear. The organisations that ...
