Category Archives: Construction

The rise of megaprojects

The advent of the ‘megaproject’ is truly upon us as such projects become a key feature of the UK project landscape. It is generally agreed that a project with a value greater than £1bn can be considered a megaproject and, … Continue reading →

Hardhats, high tech and the value of slow adoption

I’ve been in construction a long time and admit that at times we may deserve our industry’s reputation of not exactly being early adopters of new technology. We’re no strangers to high tech, of course. CAD, BIM, drones: we’re doing … Continue reading →

The risk manager of the future

Some people miss the good old days. I don’t. I’ve been around since the days when business was done on a napkin with people who were more like buddies than business partners and yes, when the deal was done, there … Continue reading →

Is your design firm protected from cyber-risks?

Cyber-risk is evolving fast, and the architect and engineer (A&E) community should be monitoring the developments closely.  Arguably, design firms take on considerably less cyber-related risk than large retailers and financial institutions, which continue to  face huge and costly data … Continue reading →

DSU de-mystified

Delay in Set up (DSU) or “Delay in Completion” coverage continues to be the least understood and most contentious type of insurance for construction projects — especially as regards claims. As you will probably already be aware, this cover normally … Continue reading →

Tackling short-term absence in the construction industry

Many organisations now collect absence statistics but few combine them with other data sets to explore trends and issues with a view to reducing absence. This not only limits outcomes but also helps ensure that people issues rarely make it … Continue reading →

Using Surety to Free up Capital

The U.K. construction slowdown of the last few years has prompted numerous contractors to move into new territories, albeit not at the rate that some anticipated (with only one of the top ten European contractors a U.K.-based firm). Those that … Continue reading →

Modern Methods of Construction Back in the Spotlight

Rising costs and a shortage of skilled labour in the construction industry have thrown modern methods of construction (MMC) into the spotlight over recent months. Developers need a cheaper method of construction while politicians are looking for a quick fix … Continue reading →

The Perils of a Professional Indemnity Exclusion in a D&O Policy

Where is the line drawn between directors and officers (D&O) insurance and professional indemnity insurance? The question is important not just for companies that purchase both forms of insurance but also for those who buy D&O insurance alone but nevertheless … Continue reading →

Marketplace Realities Spring 2016: It’s Still a Buyer’s Market, but…

Willis Tower’s Watson’s Marketplace Realities series includes line-by-line predictions for North American insurance buyers in 2016 and beyond. New Pieces in a Changing Puzzle At the macro level, the satellite view, much remains the same for insurance buyers: capacity remains … Continue reading →