Our Construction Industry Practice specialises in providing tailored insurance solutions for Design and Engineering professionals in the construction industry.
We specialise in delivering customised insurance coverage for professionals engaged in the construction industry. Whether you’re working on Infrastructure, Property, Power, Energy, Nuclear, Waste, Pharmaceutical & Biotech, Transport, Manufacturing, Petrochemical, Health, Hotels & Leisure projects, our service is designed to meet your specific needs on both an annualised or project-specific basis.
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.
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.
“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.”
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.