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Services

Having worked on many different projects over the years, we understand the intricacies of both the construction industry and the insurance market place. Within the industry, we act for a variety of interests - contractors, owners, developers, project managers and financing institutions.

Expert comprehensive advice

We can provide expert advice on all matters relating to your construction activities, including:
  • a detailed analysis of your situation

  • an evaluation of your contracts

  • advice on the relevant clauses of your contract conditions

  • an assessment of your exposures to physical damage, liabilities andfinancial consequential loss

  • suggestions on minimising your risks

The most appropriate insurance

Once an insurance programme has been tailored to your particular needs, we will obtain the most appropriate terms from the insurance markets.

As part of our service, we will:

  • negotiate the most suitable cover

  • prepare all policy wordings

  • provide ongoing support throughout your project

  • keep you informed of new products and changing market conditions

We can provide a database which will monitor the progress of claims - essential for effective risk management and to meet the stringent requirements of the "Woolf" protocols. To ensure claims are handled quickly and payments made promptly, our claims department will handle all aspects of the process and will negotiate with loss adjusters and insurers to secure the best possible results.

As part of the Bradstock Group, we have colleagues throughout our worldwide network who can provide support and advice not only on the latest products but also on legislative requirements affecting insurance matters and on local conditions of contract.

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Bonds

We can arrange bonds tailored to your requirements.

What is a bond?

A bond is a third party guarantee of the performance of a contract or the discharge of an obligation, with a provision for payment of damages up to an agreed limit on default.

As such, it provides financial protection for the employer or other beneficiary against loss due to the contractor being unable to pay damages for breach of contract (usually due to insolvency).

Main types of bond

We can arrange all the main types of bond, including:

  • Performance

  • Advance payment

  • Maintenance

  • Highways Act

  • BID

Benefits to the contractor

The benefits to contractors include:

  • Details of surety can be entered in tender documents

  • Pre-agreed rates allow you to budget your costs

  • Surety bonds increase the flexibility of your working capital by not affecting bank lines of credit

  • Increases your financial stability and hence the confidence of your employer in your ability to complete the works

Why Bradstock

We can provide the service you need:

  • We have over 35 years’ experience in the surety market

  • We have access to all the major surety markets in the UK and Eire

  • Facilities and single contract bonds are available

  • We deliver a fast, efficient and personal service

  • We offer support facilities in addition to current arrangements

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Demolition

Demolition is a complex, high-risk business – a business where effective risk management and comprehensive insurance are vital. Long-term associate members of the National Federation of Demolition Contractors (NFDC) with over 35 years’ experience of working with the industry, Bradstock can help you manage the risks and secure the most appropriate cost-effective cover.

Increasingly high risks

Few areas of business are as risky as demolition. Accidents can, and do, happen to both the public and employees. Dealing with hazardous substances such as asbestos is often part of the job, in which case special health and safety precautions have to be taken.

The costs of both Employers Liability and Public Liability claims are increasing. With the overhaul of the legal system which follows the Woolf Report, the number and cost of these claims is set to increase still further.

All in all, managing risks and securing adequate protection is more important than ever before.

The most appropriate cover

Dealing only with insurers who have the necessary skills and knowledge of the demolition industry, we can arrange the most appropriate cover tailored to your requirements:

  • Employers Liability

  • Public Liability

  • Motor vehicles

  • Plant and equipment

  • Professional Indemnity

  • All Risks


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