Infrastructure Insurance

Infrastructure development is vital, with improvements made towards transportation, power, ports and terminals, and energy capabilities each year. The scale and complexity of these projects often mean that businesses in this sector, or supporting the sector, are under pressure to maintain standards and operational effectiveness whatever may happen.

A robust risk management and insurance programme can help your infrastructure business to respond quickly, maintain continuity and manage your reputation in the event that something goes wrong.

Find out how HISL Brokers Limited can help you to manage any potential risks and protect your staff, customers, buildings and equipment within a comprehensive insurance solution.

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Types of insurance cover your infrastructure business may require

Insurance programmes for infrastructure businesses would typically include a combination of the following cover:

Public liability insurance: This will provide you with the protection you need in the event of your business activities either killing or injuring a third-party (non-employee) or damages their property.

Contractors All Risk (CAR) insurance: CAR Insurance will provide your company with protection against any damage that occurs to site materials and works that you have been contracted to undertake.

Employers’ liability insurance: This is a compulsory type of insurance for employers, regardless of whether the member of staff is permanent, temporary, volunteer, contractor or freelancer. The minimum level of protection is £5m, which will cover the cost of compensation claims if staff get injured or fall ill as a result of carrying out their required duties.

Professional indemnity insurance: Provides cover against negligent advice or if your work causes a problem for your client (i.e. a construction project is cancelled or delayed). If your business offers advice to clients or is responsible for designs, this type of insurance should be considered.

Business assets and equipment insurance: Provides cover for the assets that your business needs to operate, including furniture and computers.

Product liability insurance: Provides cover is a product that you supplied, manufactured, adapted or imported has caused damage or injury to people or property.

These are just examples of some of the types of infrastructure insurance policies that we look after at HISL Brokers Limited.

What insurance do I need for my infrastructure business?

If you are responsible for the running of an infrastructure business of any kind you should consider taking out a tailored insurance programme. The wide variety of risks to both the staff and customers create the need for an insurance solution that provides comprehensive protection.

We know that no two infrastructure businesses are the same, so speak to us today to find out which policies will best meet your needs.

The cost of insuring your infrastructure business

The combined premiums that you will pay for your infrastructure insurance programme depends on the level of cover that you need and the breadth of risk that your business is exposed to.

It is crucial to ensure that you are properly protected in the event of an incident occurring. With that in mind, at HISL Brokers Limited we will take the time to understand the specific needs of your business and recommend the amount of cover that is best suited to you.

Importantly, we work tirelessly on your behalf to present your business to potential insurers as accurately as possible so that premiums are completely appropriate to your risk exposure.

Insuring your infrastructure business

HISL Brokers Limited is well placed to provide you with the professional support to review your current insurance programme and assess where you might be at risk from underinsurance, or even paying for excessive cover.

We understand that infrastructure businesses face unique risks and challenges on a day-to-day basis, and that you need bespoke insurance that works for you and gives you the level of cover that is appropriate to the risks that you face.

Give your business the protection that it deserves today – if you want to find out how much peace of mind costs, contact Paul Kerner by calling: (0)20 7220 9020.