Project Policies.

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Project Policies

Single project insurance

Increasingly used by property owners, developers and large construction project contractors, single project insurance programmes offer a range of risk management benefits. These programmes can:

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Reduce total construction costs

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Control the scope of risks to be insured

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Enable the quality and solvency rating of the desired Insurer to be vetted.

Single project policies are attractive because they consolidate insurance into one manageable, all-encompassing policy. This makes risk mitigation much more straightforward for main contractors and subcontractors working on a specific project. It can all be wrapped up into one manageable policy – negotiated, purchased and controlled by the owner/developer or the contractor.

In relation to large scale construction projects, project policies of this nature can incorporate a whole raft of insurances to mitigate against works’ risk, such as:

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Public liability insurance

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Excess liability insurance

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6.5.1 type non-negligence insurance

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Existing structure buildings insurance

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Buildings defect insurance

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Advanced loss of rent/additional cost of interest

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Business interruption cover

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Professional indemnity insurance

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Environmental impairment insurance

AMI Specialty support services associated with single project insurance cover

We always go the extra mile for our clients. For us, it isn’t simply about arranging the insurance cover. Our bespoke approach to broking includes a range of key advisory services, such as:

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Feasibility studies

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Programme design

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Programme administration

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Risk control services

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Claims administration

To speak to one of AMI Specialty’s experienced Surety Bond brokers, call us on +44 (0) 203 675 0919 or email support@ami-specialty.com