Please click on the products below to find out more about them. To request an Application click here.
We offer a full range of Commercial Insurances.
At CSIB we are recognised as a well-established Insurance Broker, specialising in Construction Insurance. This has been our core strength since we began our business in 1991.
Our insurance solutions have protected construction companies of every size and we can provide a vast range of products from reputable worldwide insurers to ensure your business is adequately covered.
CSIB provide peace of mind by making sure that when accidents occur, you have quality insurance you can rely on.
Additional benefits include: Defence Costs & Criminal Prosecution Defence Costs.
Limits up to £10,000,000 (higher limit upon request).
We can arrange cover up to £10,000,000 (Any One Event) with higher limits upon request.
We can arrange cover up to £10,000,000 (In The Aggregate) with higher limits upon request.
Additional benefits include: Incorrect Designs, Defamation and Libel, Loss of Documents, Legal costs, Employee Dishonesty & Breach of copyright.
Limits up to £10,000,000 (higher limit upon request).
Directors & Officers
Group Personal Accident & Travel
Contractors All Risks
Plant All Risks
JCT Clauses Insurance
CSIB Unique Insurance Schemes
In addition to providing all traditional Construction insurances John Curran and Sean are working with other specialist colleagues to develop new facilities for Insured Construction Warranties and Environmental Indemnities.
Combined Liability for Contractors with Syndicate 2525 @ Lloyd's
Combined Liability Insurance is the first consideration for all Contractors in the Construction Industry and thus is the subject of our first initiative. We will consult with each Specialist to ensure that their ongoing insurances embrace everything that they do. This allows for cover to be tailored to the requirements of you and your construction business and has the advantages of increased competitiveness, fewer gaps in cover and simplified administration for our clients.
Policies typically include cover for Employers’ Liability, Public and Products Liability. The unique Syndicate 2525 policy also includes ReWage and Direct Settlement features (see below).
ReWage (Combined Liability for Contractors) with Syndicate 2525 @ Lloyd's
Direct Settlement (Combined Liability for Contractors) with Syndicate 2525 @ Lloyd's
Additional benefits include:
- Employees have the option of obtaining compensation directly from the Employers’ Liability Insurer without having to obtain legal representation to pursue a claim on their behalf.
- Typically, up to 40% of the cost of claims are legal costs and eliminating these will benefit your claims history as an Employer and keep premiums low
- Medical rehabilitation services to ensure appropriate treatment and hasten recovery for the Employee
- Settlement can be achieved without delay as soon as an Employee is deemed medically fit to return to work. Once compensation settlement or interim damages are agreed, the Employee will normally receive a cheque within 10 working days
- The law allows three years from the date of an accident to bring a claim through the courts. An Employee can withdraw from discussions with the Insurer at any stage before settlement and pursue the claim with legal representation within this period if they prefer
ContractSecure™ Legal Expenses Insurance for Contractual Disputes
In an ideal world Clients and Main Contractors award contracts to Specialist Contractors, who then carry out satisfactory work on time and get paid straight away.
Unfortunately, as many Specialists know, this world is far from ideal and disputes arise every day – often entirely unconnected with unsatisfactory work, but more to do with Client/Main Contractor reluctance to pay up. As the economic pressure on the industry grows, there is a distinctly visible escalation in these “phoney wars”.
In 1991 we introduced ContractSecure™ to provide Specialist Contractors with the necessary power to pursue and defend their contractual rights against bigger and more powerful opponents. In our experience since launching this product, one advantage for our Clients who hold this Policy becomes apparent when opponents learn that ContractSecure™ is in place and a protracted dispute would prove unacceptably costly to even a major Client or Main Contractor.
ContractSecure™ helps you manage the dispute before it becomes a calamity.
Some key benefits of this Policy include:
- Initial guidance from a knowledgeable construction professional upon discovering the problem
- Further advice from the policy administrators, if the dispute continues or escalates
- Legal or other consultant advice
- Cover for Adjudication
- Cover for Arbitration and litigation
- Plus the policy includes a review of your contract making procedures
- A sliding scale of premiums based on turnover, which makes ContractSecure™ very affordable for all Specialist Contractors at much less than 1% of annual turnover
Surety Bonds and Guarantees
CSIB are Construction Insurance and Surety experts, our experience and skill in this specialist market has led us to successfully assist hundreds of Contractors of all kinds in the provision of Bonds and Guarantees to secure projects throughout the UK and Overseas.
We provide advice in respect of the selection of Bond Providers, negotiation of Bond Wording and agreement of appropriate and acceptable Security arrangements. We can negotiate virtually any Conditional Bond wording, but we will only arrange On Demand bonds in exceptional circumstances.
To obtain confirmation of terms we require a completed Bond Application together with a copy of last Audited Accounts, including recent Managerial or Draft Accounts if audited figures are more than six months old. Upon receipt of both we aim to provide a quotation within 48 hours.
Download the Bond Application form here. And use Adobe reader to complete.
Advance Payment Guarantees
In a wide range of supply contracts where an advance payment is being made, the client requires an Advance Payment Guarantee. The provision of this Guarantee normally results in the advance cash being made available for purchases within the contract without undue complications, CSIB are experienced in procuring this type of Guarantee.
Local Authority Bonds
Many Contractors are required to provide Bonds and Guarantees in favour of Local Authorities under Government legislation. CSIB are able to procure these Bonds on behalf of our clients to enable work to progress on a variety of projects. Some examples of these Bonds include:
- Section 38 – Highways Act 1980, Adoption of New Highways
- Section 40 – Water Industry Act 1990
- Section 98 – 101 – Water Industry Act 1990, Sewer Requisition
- Section 104 – Water Industry Act 1990, Sewer Adoption
- Section 106 – Pre-planning Agreement
- Section 278 – Highways Act 1980, Works Within The Highway
Supplier Payment Guarantees
Obtaining credit from Suppliers is a major problem for SMEs when economic conditions are challenging. CSIB can obtain Supplier Payment Guarantees, a simple Surety method ensuring a smooth source of supplies even when cash-flow is restricted.
Commercial Performance Guarantees
CSIB is able to assist in any legitimate financial transaction, in most places throughout the world, provided the Guarantee is required for items other than the raising of capital.
Deferred Payment Guarantees
When the whole or part of a business is bought or sold it is common practice that the purchase price is paid by instalments or deferred over a period of time. During this extended payment period the vendor may feel exposed. CSIB are experienced in securing hard to source Deferred Payment Guarantees making the negotiation and conclusion of a business sale and purchase agreement, faster, less stressful and most importantly more secure.
Media finance can be both complex and sophisticated in its structure, CSIB are able to provide tailored solutions, predominantly in traditional “gap finance” support.
Rack Rent/Tenant Default Guarantees
Some companies experience difficulties in securing a lease on business premises. The answer is often a Rent Guarantee that replaces a cash deposit. CSIB is experienced in the selection and issue of such Guarantees, helping companies overcome this often-traumatic problem, which is otherwise resolved by lodging a large cash deposit with a landlord.
Made to Measure Guarantees
The requirement for a Bond or Guarantee is becoming so commonplace that sometimes a Guarantee appears not to fit into the CSIB product range. With the exception of raising capital, all of the Bond and Guarantee requirements for an SME can be provided.
Our flexible approach ensures that even hard to find Guarantees can be made available quickly and with the minimum of fuss.