Construction
The construction industry faces many unique challenges in terms of the nature of the works and the contractual structure of businesses. Jardine Lloyd Thompson (JLT) Asia has been a market leader in providing risk and insurance services to the construction industry since 1988.
We have a team of dedicated Construction specialists offering a combination of insurance brokerage consulting and risk management services that can be tailored to meet the specific needs of our clients.
Our experience in Asia encompasses all classes of construction, which coupled with our extensive on the ground presence, provides clients with a comprehensive range of construction risk solutions ranging from traditional material damage policies to bespoke seamless package solutions covering complex project exposures.
Areas of Expertise
Our areas of expertise include Private Finance Initiatives (PFI), Public Private Partnerships (PPP), Non and Limited Recourse Finance Projects, Financiers' Due Diligence, International Projects, Infrastructure and Power Projects, Contingency Risks and Construction - Professional Indemnity. We offer a broad range of products and services including:
Products
- Advanced Loss of Profits
- Bonds
- Construction/Erection "All Risks"
- Delay in Start-up
- Employers' Liability/Workmen's Compensation
- Professional Liability
- Project Cargo
- Third Party Liability
Non-Damage Delays
We are specialists in developing solutions for non-damage exposures, such as:
- Contractual Contingencies
- Cost Over-run
- Environmental Impairment
- Force Majeure
- Liquidated Damages
Services
- Alternative Risk Financing Analysis
- Analysis of Contract Conditions
- Claims Management and Analysis
- Contractors
- Day-to-Day Issues Management
- Design of Insurance Programmes
- Drafting of Contract Insurance Clauses
- Financiers Due Diligence
- Financier Negotiations
- Handover Management
- Innovative Broking
- International Marketing
- Major Projects (Owners, Financiers and Contractors)
- Risk Analysis
- Seminars for Contractor's Personnel
- Site Seminars
- Tender Pricing
Lenders' Advisory
Specifically in the area of Financiers' Due Diligence, JLT has been actively working as a financiers' adviser on a wide range of international project finance deals in power, transport, road, health, education and IT.
Employer Controlled Construction Insurance
JLT Asia's construction team has a proven track record in arranging insurance programmes for major projects. We bring an innovative mindset to devising programmes to meet the varying needs of employers, contracting joint ventures and suppliers. Project finance - Build Operate Transfer (BOT) insurances that JLT has successfully arranged include:
- Hospital/Prison Projects
- Power Stations
- Rail and Light Rail Tunnel/Bridge Projects
- Residential/Commercial Building Projects
- Road/Water Projects
For a list of our extensive track record and examples on how we have delivered solutions to our clients including overcoming market increases, securing capacity and price as well as developing seamless solutions and claims solutions, please refer to our brochure.
