MGU teams up with HSB for construction launch
Victor Insurance UK has launched a contractors all risks insurance product targeting contractors and subcontractors with up to £20m in annual revenue.
Developed in collaboration with A-rated specialist engineering and technology insurer, HSB, the managing general underwriter’s CAR insurance offers policy maximums up to £10m per construction project.
Victor added that the policy is primarily designed to be a contract works insurance offering for contractors, but also includes defined coverage for defective design, BIM [building information modelling] licensing and BREEAM certification, technology-based monitoring and modelling tools, remote
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