In this guest blog, we hear from our partners Arachas, on their insurance offering for the construction industry.
The impact of Covid-19 has brought significant change to the way every business operates. Everyone is working hard to play their part in dealing with this pandemic and taking the necessary steps to ensure the best outcome for our country, our families, and our friends.
Like many others, the construction industry has struggled with this unexpected circumstance and has acted quickly by changing business operations and complying with public health guidelines, while also establishing innovative techniques for longer-term success. We’ve been truly amazed by the speed at which so many of you have come up with creative ways to keep serving your customers and we would love to ensure that your current insurance policy suits your new style of working.
Arachas is Ireland’s largest nationwide insurance broker and we are the official partner to the Construction Industry Federation. Along with this, we sit on several committees in an advisory role, including a group that examines the area of Development Bonds.
We have been advising various sectors within the construction industry on their insurance needs for over 30 years and we would love to help you in any way that we can. The team contains specialists in Construction Contract Law, Main and SubContract Contract Conditions, Pre-Qual Tender Procedures, Professional Indemnity, Performance Bonds, Policy Wordings, Third Party Indemnity Requests, and an excellent system for providing confirmation of insurance coverage to Third Parties.
In the Development Sector, we are Brokers and Advisors to HomeBond and are the Scheme Administrators for their Latent Defect Insurance and M & E Inherent Defects Insurance Product offerings.
We have excellent market access and a broad appetite for businesses of all size and profile which leaves us in a great position to negotiate with insurers on your behalf. Arachas have built a reliable and unique insurance solution that gives you the cover needed to protect you, your business, and your people in this new environment, backed by solid ‘A’ rated insurance providers, including Allianz.
We continue to offer reliable insurance solutions to the construction industry in the form of Combined Liability, Contractors All Risks and Professional Indemnity Cover for Design & Construct.
As an Arachas customer, you will benefit from:
- Policies underwritten by ‘A’ Rated Insurers.
- No Covid-19 exclusion.
- Bespoke policy wording specifically tailored for those who operate within the construction industry.
- CIF & CIRI approved.
- Robust claims service
- Health and safety programme for builders with a turnover in excess of €500,000 on our Liability product.
If you would like to hear more about our services or if we can help you with any questions, please call us on 01 213 5000 or email [email protected]. For more information, visit our website at https://www.arachas.ie/business-insurance/builders-insurance
Arachas Corporate Brokers Limited t/a Arachas, Capital Insurance Markets, Capital IM, Covercentre is regulated by the Central Bank of Ireland.