Single Project Construction Insurance

Construction insurance encompasses the risks associated with property development; both new build projects and alterations to existing structures. The contract conditions operative for each project drive the insurance requirements and wherever possible, when the employer is our client, we would advocate that the contract is structured so that the employer is responsible for arranging the requisite insurance protection. The resultant insurance cover arranged is generically referred to as either an "Employer", "Owner" or "Principal" Controlled Insurance Programme. By controlling their own insurance programme, the employer should benefit from broader cover, reduced costs, greater peace of mind, reduced administration, improved cash flow and control of losses.

Essentially, under an employer controlled programme, the employer organises insurance in the joint names of himself, the financier, the contractor and sub-contractors working on the project and instructs those contractors that wish to tender that their bid price should exclude insurance. Tender documents will identify the extent of the employer provided policies and should make clear the contractors' continuing responsibilities.

A number of forms of cover are available to the employer and typically, the programme eventually arranged will embrace covers along the lines of the table provided below:

For assistance with programme design and indicative costings or simply for more information, please email david.wishart@lycetts.co.uk

Loss Recovery Service

If you are unfortunate enough to suffer a large property and/or business interruption claim in excess of £5,000 you may find the services of a qualified Loss Adjuster acting on your behalf to be of great value. In our experience, larger claims of this type are very involved and time consuming, and we are concerned clients may not always claim full entitlement under their policy.

With this in mind, Lycetts Commercial division has entered into an agreement with Lorega Claims and Underwriting Services Ltd to provide a policy that covers the cost of employing your own Loss Adjuster to prepare, present and negotiate certain insurance claims at a fraction of the costs that would otherwise be involved in the open market.

The policy operates in respect of property and business interruption losses in excess of £5,000 and includes: -

• Personal attendance at all meetings with the insurance company's representative on your behalf.
• Preparation of inventories for damaged and stolen property.
• Liaison with accountants to prepare loss of profits claims where applicable.

Should you wish to learn more about this valuable additional cover and/or should you require a confirmed quotation, please email sue.williams@lyectts.co.uk

Sport & Leisure

Over the years we have gained considerable experience in arranging insurance cover for a large number of sport and leisure businesses. We have developed strong relationships with all the major sport and leisure insurers giving us access to specialist wordings and schemes.

The insurers we deal with are well established in this market and are committed to building three way long term relationships between client, broker and insurer with a view to providing premium stability for well managed risks in what is often a volatile insurance sector.

We have particular expertise in the following activities:

- Golf clubs
- Other sports clubs
- Country house hotels
- Zoo's and zoological gardens
- Visitor attractions
- Outdoor activity centres
- Corporate entertainment and team building organisations

For more information or to obtain a quotation email colin.sadler@lycetts.co.uk

Property Owners

Lycetts has vast experience of dealing with the insurance requirements of property owners and has built up a substantial book of business across all sectors (residential, commercial, industrial and agricultural). This includes clients with single location properties up to multi-location portfolios with values at risk in the hundreds of millions of pounds.

Some of the benefits supporting Lycetts wealth of experience and know-how in this field include: -

• One of the most comprehensive and widest policy wordings commercially available for property owners and acceted by each of the UK's "big five" insurers.
• Long-term premium stability for both landlords and tenants alike.
• Fast and efficient document issue including Certificates of Insurance for each tenant and/or location.
• Knowledge and understanding of legal indemnity risks faced occasionally by property owners, such as, defective title and restrictive covenant indemnity.

For more information or to obtain a quotation please email neil.mcguire@lycetts.co.uk

Motor trade and automotive industry

For many years, the insurance market has responded to the unique requirements of the motor trade and automotive industry through the provision of bespoke policy wordings, however, there are only a small handful of insurers who are truly able to provide the cover required. Numerous others have tried to mix and match their standard policies with varying degrees of success, but usually resulting in inferior cover.

With the limited number of insurers active in this sector it is vital that positive risk features are identified and brought to the fore, in order to achieve the best results. In particular, risk management procedures and deductible levels are used to maximise coverage and reduce premium levels.

With over 40 years experience in dealing with motor trade risks and strong relationships with the leading players active in the motor trade insurance market, Lycetts is ideally placed to find the right insurance solutions for operations of all forms and sizes.

For more information or to obtain a quotation email john.vail@lycetts.co.uk