Material Damage (inc plant and equipment)

At Strathearn our consultative approach in working with our clients has enabled us to develop a wide range of material damage insurance policies bespoke for Principal Arranged Insurance (PAI) and Contractor Arranged Insurance (CAI). We specifically address the particular needs of both types of clients whilst at the same time ensuring that we fulfill all of the requirements of and obligations under the insurance provision clauses of the construction contract. 

We can offer  a range of bespoke material damage products designed for single one-off projects for both PAI or CAI and annual floater products covering multiple projects insured on a transfer, run-off or transfer to expiry basis. 

It is interesting to note that the majority of our competitors still do not differentiate between PAI or CAI in their single project insurance offerings nor do they address the option of transfer to expiry for annual project insurances.  If these options are of interest to you we look forward to discussing the various nuances and differences between each of these products with you.  

Under Material Damage insurance our clients, and particularly our contractor clients (CAI), can insure construction plant and equipment (including hired-in plant) and for both our principal and contractor clients (PAI and CAI) we can also insure any existing property being worked upon or that exists in close proximity to the work site.

Our approach is to work with clients to build an insurance product which provides the best possible fit with the insurable and partly insurable risks unique to particular projects, or in respect of annual policies, the range of projects that our clients may work on each year.