Construction
The construction product is a package of the key legal expenses cover for sub-contracting businesses. It is targeted at sub-contracting businesses that need the financial “muscle” to force the main contractors/employers to pay in accordance with the contractual terms. The policy is designed for businesses that adopt a risk managed based approach to their contracts and have a good claims record. In return the policy offers cover through the adjudication process as well as the arbitration and litigation procedures.
Premium rates depend on turnover of the business and the limits of indemnity selected.
To see the Key facts summary and Policy wording and other documentation click here