As experts in Engineering and Construction insurance, we endeavour to differentiate
ourselves through our client-focused approach to Underwriting, Claims and Risk Management.
With experts coming from various industrial disciplines providing a thorough understanding of our clients’ needs, we can provide tailored insurance-solutions supported by strong global capacity.
Scope of services at a glance
During construction / installation / operation Civil Structures / Buildings as well as Machinery are exposed to a variety of perils, such as internal (e. g.: breakdown, faulty workmanship/material/design, human error negligence…) or external (e. g: fire, natural hazards, ...) ones. Physical damage caused by these perils followed by a downtime of works/operation can cause considerable financial consequences for companies and plant operators.
HDI offers a broad range of Engineering and Construction Insurance-products from standard policies to bespoke solutions incl. manuscript wordings. For projects OCIP (Owner controlled insurance programs) and CCIP (Contractor controlled insurance programs) are at our client’s disposal covering interests of various insured parties according to the needs for the specific project and / or local requirements.
HDI reimburses all the agreed costs incurred to restore structures, machinery to its status prior to damage. Additionally ALoP/DSU (Advanced Loss of Profit / Delayed Start Up) or BI (Business Interruption) insurance offer protection for consequential financial loss of profits; ICoW (Increased cost of working) is an integral part of any ALoP/DSU/BI cover.
HDI products’ proposition embraces construction/engineering policies protecting all industries’ projects controlled by either Investor or Contractor as well as policies during the operational phase for Operators’ assets, e.g.: .
Public/Private Partnerships financing local infrastructure projects, PFI, PPP and alike
ALoP (Advanced Loss of Profit) respectively DSU (Delay in Start Up), which complements the above and protects against the consequencial financial damage.
As an integral part of our service Policyholders in all categories have access to risk-engineers from HDI Risk Consulting. They provide support to clients by the way of evaluation, early identification and assessment of relevant pre/past-risk scenarios. They accompany the clients from the early design stage throughout the construction/erection phase and the operational lifetime of the risk.
Customer-focused technical support
Engineers with many years of professional experience in industry work for HDI as underwriters and provide support to clients on the full range of technical issues.
High level of capacity
HDI has sufficient cover capacity at its disposal to provide insurance for major projects.
Insurance cover worldwide
The performance of local contractors is covered. Companies with worldwide operations can be covered through an international insurance programme.
Access to professional claims management service
HDI provides claims management services based on experience, ranging from restriction and rectification of damage to reliable claims settlement.
Skilled risk advice and support
HDI Risk Consulting provides a cross-industry risk consulting service to help clients identify, quantify and where necessary take risk-reduction and risk-avoidance actions. Risk engineers assess technical risks, which can result from the condition and operation of machinery, and plant and equipment. Construction project advice and support is provided in line with the relevant safety and security related requirements through local inspections and central co-ordination.
Drafting emergency action plans
In the event of extreme weather conditions or an outbreak of fire, an emergency action plan facilitates taking prompt and effective damage-limitation action, thereby reducing the extent of damage or loss. Our experts can provide assistance.