Construction Industry Practice
Our Construction Industry Practice specialises in providing tailored insurance for Design and Engineering professionals in the Construction Industry.
What we offer
How can we help you?
Construction Professional Indemnity insurance is essential for Design and Engineering professionals in the Construction Industry. We prioritise claims handling for our clients, emphasising dedicated advocacy throughout the process. Our approach involves bringing expertise, dedication, and perseverance to achieve favourable claim resolutions while minimising disputes. Acting in harmony with insurers, we maximise market knowledge to protect your interests during the entire claims process.
Why choose us?
Our team offers comprehensive risk management, mitigation advice, and claims support. We provide coverage for Infrastructure, Property, Power, and more, annually or per project. Partnering with Lloyd’s of London insurers and recognised markets, Paragon delivers specialist coverage up to £250,000,000 for qualifying firms.
Our Expertise
In recent years, the construction industry faced rising claims and legal changes, prompting some insurers to raise rates and limit coverage regardless of a firm’s claims history. We have experienced personnel and insurers committed to the sector and offer unparalleled product innovation and claims handling.
What our clients say
“The service we receive is first rate. It is difficult to see how it could be improved. Our contact at Paragon (Ryan Senior) is extremely knowledgeable and we would have no hesitation is recommending both him and Paragon.”
Construction Industry FAQ’s
Professional indemnity insurance shields you from claims for loss or damage arising from negligent services or advice. It covers compensation claims by clients or third parties, even if services or advice were provided for free.
We specialise in crafting plans with Construction Professional Indemnity personalised solutions and strategies just for you. Your satisfaction is at the heart of our highly personalised service.
The cost of Construction Professional Indemnity Insurance varies based on factors such as the size and nature of the construction projects, the coverage limits needed, the level of risk associated with the work, and the past claims history of the professional or firm. It’s essential to consult with an insurance provider to obtain a customised quote tailored to specific needs and circumstances.
It provides financial protection in the event of claims alleging errors, incorrect designs, or professional negligence, safeguarding against potential financial losses. This coverage ensures compliance with contracts, maintains professional reputations, and instils client confidence by demonstrating a commitment to quality work.