Half-year Construction London market update 2023
In our latest construction sector focused report, we provide a market review of the first half of 2023 covering Construction lines, Professional Indemnity, D&O and Surety.
Welcome to Miller's construction risks insight bulletin!
Not a day goes by without some part of the construction industry making the headlines. From contractor insolvencies to RAAC, the risks associated with this sector are growing in complexity and consequence. If contractual parties want to stay protected, insurance programmes must be regularly reviewed and re-evaluated.
Recent articles from Miller's construction experts highlight many of the challenges currently facing the industry. We profile a selection of these in this September round up.
Miller is a proud professional partner of Build UK.
In this edition
What our clients say...
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We had no idea just how much construction expertise Jason and his team (Miller) would bring to the table. They have integrated themselves flawlessly into our project team and add so much value and know-how to our negotiations.
They go way beyond providing just insurance solutions and the quality of service and attention to detail is unrivalled. We would most certainly recommend Miller. -
Miller's Construction team assisted us in finding suitable cover for a timber frame school project for one of our clients. Due to the project being government-led, the client had specific terms and endorsements that needed to meet the developer's requests, which Miller were able to place through a syndication in Lloyd’s.
Miller have been there with us from start to finish, even attending site visits to ensure subjectivities were being applied correctly. Their expertise and commitment make them an excellent choice to assist with any non-standard construction risk placement. -
Jason and his team were instrumental in implementing a bespoke insurance solution for one of our hospital projects.
We were impressed with how quickly they understood the complexities of the project and their knowledge of how to resolve the issues we were experiencing. -
Last year, we undertook a major broker review with the aim of finding a broker that was willing and able to deliver a bespoke service for all our insurance needs. That September, we appointed Miller and their construction team.
The first-class prompt and reliable service we have received from Miller has been outstanding in comparison to other major brokers we have previously engaged with. They have delivered on everything they committed to and more. For example, strengthening our long-term relationship with our key insurers, which resulted in favourable premium rates at renewal. Their response time to queries is always timely and efficient.
Particularly noteworthy is the team’s willingness to work with and support our in house risk management team, providing advice and support as needed. They are clearly very knowledgeable and experienced in construction, showing excellent attention to the details of our contracts and policies to customise the right contractual commitments and insurance solutions.
