The largest project insurance policy has been completed for the £6.2 billion UK highway, M25 widening scheme covering all parties involved up to a policy limit of £25 million.For construction equipment for sale, go to: MSloane Consulting.
The construction division of Jardine Lloyd Thompson has completed the insurance placement for the M25 contract on behalf Connect Plus, the consortium which has been awarded the contract by the Highways Agency.
The exclusive facility provides 10 year non cancellable insurance covering the professional liabilities associated with the project and is on of the largest. single project professional indemnity programmes ever.
The policy includes material damage insurance for the existing road and infrastructure, business interruption insurance, construction all risks for new works, advance loss of profits insurance, public liability insurance (for all parties including the road operator and building contractor) and environmental insurance.
