Insurance policies are contracts between an insurance company and a...
Construction companies operate in a dynamic industry. You need to be able to respond rapidly to the opportunities and challenges of the sector as they emerge; from new markets to changes in the legal, regulatory or tax frameworks.
Our Construction Practice works diligently to provide premier insurance advice and consulting to builders and contractors throughout the construction industry.
We take significant pride in the distinctive way we service customers by ensuring the availability and participation of senior management in all major client activities. We believe and our clients affirm that this extreme level of personalized service from our most experienced people down differentiates First Policy from all others. More importantly, it also ensures that our clients have the programs and advice necessary to become more competitive in their specific marketplace.
Risk mitigation and management are fundamental steps in any efficient project execution. We have developed methods for analyzing and visualizing uncertainty as it relates not only to cost and schedule, but also to other performance criteria so that the range of performance possibility is understood and can be factored into the final decision. Our practices in construction-related risk management services, insurance strategies can deliver effective risk solutions to your business, be it large or small.
We have handled Marine construction insurance which is most complicated risk due to :
1) Very low local capacities.
2) Land based exposure.
3) Water Based exposure.
(leads to very large liability exposures, even greater than Sum Insured).
In last 2 decades, we have successfully handled Construction values ranging from USD 40 million to USD 250 Million.
Supported end to end one of the largest contractors in India for a Himalayan Tunnel Project in Bhutan for about US $ 80 Million
Additional challenge was project duration exceeding 84 months (including maintenance period).
It was successfully placed by us in international markets. With top class securities.
Land based exposure Water Based exposure (leads to very large liability exposures, even greater than Sum Insured) Very low local capacities In last 8-9 years have successfully handled about 20 construction projects. Construction values from US $ 40 million to US $ 250 million.
Have worked with some of the largest companies in the industry.
State of the art IT system.
Relationship managers, Technical Experts and Claims team.
Risk assessment and management, claims management, renewals management.
Present in 140 countries worldwide.
Industry Leaders in bringing innovative solutions.
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