Insurance

A contractor liability insurance scheme is available to B&ES members on an exclusive basis.

The scheme - entitled HVCA Unique - has been developed jointly by B&ES subsidiary Welplan and Oval Insurance Broking Limited, and currently provides cover in respect of:

• employers', public and product liability;
• financial loss;
• excess public/product liability;
• professional indemnity;
• directors' and officers' liability;
• property insurance;
• business interruption;
• contractors/engineering all risk;
• goods in transit;
• legal expenses.

Other standard covers will be introduced over time, and terms for more specialised areas - including performance bonds - are available on request.

Risk management
Key to the scheme is the recognition that the Association's independent member inspection and assessment regime provides an increased level of risk management that is attractive to insurance underwriters - and can therefore deliver significant savings on premiums.

As part of the B&ES Unique development process, Oval carried out an extensive research and benchmarking exercise, with the result that the scheme has been designed specifically to address the concerns and requirements of HVCA member companies.  These include:

• reduced premiums;
• a single policy covering all risks;
• adjustable limits, so reducing the need for excess layers;
• removal of standard restrictions, including work at height and application of heat;
• access to a panel of specialist insurers;
• direct contact with a broker who understands the industry.

For further information on B&ES Unique, contact Bruce Kirton at Welplan on 01768 860410.