Design & Construction Insurance

What Does Design and Construction Insurance Cover?

Design liability insurance through Insured4u is a flexible policy that's tailored to your needs. At its core, it covers things like negligence and breach of duty, and a typical policy will cover you against:

• Breach of professional duty
• Negligence, error, or act of omission
• Dishonesty by employees
• Loss of or damage to documents
• Libel or slander
• Defence costs - no excess applicable
• Costs and expenses are taken to mitigate losses
• Compensation for court attendance
• Aggregate limit of indemnity
• Rectification cover - costs incurred in remediation work or mitigating a loss or potential loss that may otherwise result in a claim
• Consultants Cover - claims resulting from any wrongful act committed by one of your consultants, designers, or subcontractors Asbestos cover
• Fitness for purpose cover - over claims arising out of any fitness forpurpose warranty with respect to the design and/or specification of any works
• Consequential losses - covers indirect losses which accompany an insured loss, for example, loss of earnings to a third party following a claim
• Health and safety legislation cover - should proceedings be brought against you under Health & Safety legislation
• Pollution cover - claims arising out of the actual, alleged or threatened, sudden or accidental presence, discharge, dispersal, release, migration or escape of pollutants other than asbestos, nuclear or radioactive material of any sort.
• Innocent non-disclosure - insurers will not exercise rights to avoid the insurance cover for innocent non-disclosure or innocent misrepresentation.
• Infringement of copyright or intellectual property rights
• Breach of confidentiality

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Who Needs Design Construction Insurance?

The sorts of businesses and individuals who take out design and construction insurance professional indemnity insurance are:

• Building contractors who have an in-house design team
• Building contractors who sub-contract the design element
• Property developers who undertake the design element
• Property designers and property design firms who accept design contracts from contractors

If you are unsure if design and construction insurance is right for you, then please contact us.

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Why Do You Need Design And Construction Insurance?

There are several reasons why property designers need to consider getting design and construction professional indemnity insurance; these include:

• In case a client sues you over the quality of your work
• In case someone claims your design has plagiarised/copied their idea
• Because even redirecting a client's claim to a subcontractor takes time and money to resolve

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How Much Does Design And Construction Insurance Cost?

At Insured4u, we create a package of cover that is specific to your needs. We create our design and construction insurance around our client's business, making it hard to give an average premium. What we can say is that the cost of your design and construction insurance quote will be based on factors such as:

• The type of work you do
• The size of the contracts your undertake
• If you have any employees
• Whether the design element is undertaken in-house or by an external designer/agency
• Your professional indemnity claims history
• How long you have been in business
• Turnover and responsibility split - this is a factor when an underwriter is considering an insurance premium, as this is the one element that all companies can be judged on and shows the level of risk versus income generated
• Whether you undertake overseas contracts - working in countries such as the US and Canada can push up premiums as there's a greater propensity to sue

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