Oval Construction

Insurance solutions built around your business

Insight. Service. Performance.

Specialist risk and insurance solutions for the construction sector

The UK construction industry is worth over £90 billion, employs over 2 million people and accounts for 7% of all jobs in the country – as well as 8% of GDP1. Whether you’re an owner, developer, contractor, project manager, consultant or a financier working in residential, commercial, infrastructure or public works, you’ll know construction is a key engine room of the economy. Operationally, you still have to tackle familiar issues and equally thorny variables: from planning, procurement and resourcing to regulatory change and Health & Safety. It all comes back to risk – and risk identification, analysis and mitigation is our business.

Oval Insurance Broking (Oval) is one of the UK’s leading specialist brokers for the construction sector. Such capability and commitment gives us the insight to help you simplify and rationalise your construction insurance policies – innovatively, cost effectively and with a careful eye on your bottom line. With on-tap expertise from people experienced in your sector, we take the time to understand what makes your business tick – at the deep level of detail you demand.

At Oval, we go further to tailor innovative risk and insurance solutions that fit every contour of your business. Value and high performance, plus a core focus on service and relationship development underpin all that we do. We work with leading specialist underwriters to offer bespoke construction insurance policies that fill gaps and anticipate emerging industry risks – ensuring the cover you demand is there when you need it.

Welcome to Oval Construction: insurance that puts your business on a firmer footing

Significant risk is a permanent given in construction. Mitigating that risk reliably and cost effectively is key to your future success. That’s why it’s good to know you can rely on a specialist insurance broking partner who speaks your language.

A leading UK insurance broker, we have the practical and intellectual expertise that has made us the insurance broking partner of choice for construction firms nationwide. This enables us to provide construction-specific, tailor-made risk transfer programmes that identify liabilities, cut costs, quantify risk and mitigate losses across the following areas:

• Property development, housing and commercial construction

• Public-Private Partnership (PPP) Initiative and single projects

• High hazard work; including rail, wet civils, scaffolding, demolition, roofing, rope access and tunnelling

• Civil engineering, plant hire and labour supply• Site clearance, waste disposal, site remediation,

piling and ground stabilisation• Ground work, formwork and reinforced concrete

frames• Mechanical, electrical, heating, ventilation and

air conditioning• Owner controlled insurance programmes

1House of Commons Library: Construction Overview (Lucinda Maer) – March 2012

www.theovalgroup.com

Intelligent insurance solutions engineered for your businessYou’ll find all the construction risk management solutions and services you need to help build your business for the future. Our approach is geared around a strong service ethic and focused on the key risk management values you demand.

• A safe pair of hands: a partner you can trust, backed by experience, commitment and a proven track record

• Entrepreneurial attitude: working with leading specialist construction insurers, we proactively develop bespoke covers and policies that address the emerging risks you face – for instance environmental, PPP and corporate manslaughter liabilities

• Innovation that drives value for money: strong skills in risk identification and analysis mean we precisely tailor policies that fit every contour of your business and fill the gaps others may leave behind

• Partnership approach: a total commitment to understanding your business sits behind our long-standing client relationships

• Fast, expert problem solving: we’re proud of our reputation and we are committed to providing a quick response that makes the most of our wider risk and insurance expertise

• Expert claims handling: we don’t outsource claims handling – that’s why you’ll always receive a prompt, no-hassle service from our expert, in-house and UK-based claims handlers

• Client benchmarking that drives best practice: working with a diverse range of construction businesses, we analyse the trends then share and apply our learning

• Competitively priced quotes, services and deals: our lean business model keeps our structure flat and overheads down, enabling us to pass premium savings directly onto you

Let us take the risk management strainWith years of experience working in the construction sector, many of our insurance policies are unique to Oval and offer extra features rarely found elsewhere. Typical risk categories we cover include:

• Public and Products Liability, Employers’ Liability and Non-Negligent Liability

• Professional Indemnity• Contract Works/Contractors All Risks insurance• Owned and Hired in Plant• Environmental Impairment Liability • Health & Safety• Delay in Start-Up (DSU) insurance• Latent Defects• Trade Credit• Performance Bonds• Business Continuity and Supply Chain Management• Fleet Risk Management and Driver Training

Insight. Service. Performance.Oval is in the vanguard of the construction insurance sector. We are respected partners and advisors for industry stakeholders and associations, helping to drive best practice and innovation. Above all, we employ quality people, able to offer advice and who blend the creative, technical and listening skills essential to delivering the exceptional levels of insight, innovation and performance you demand.

Importantly, we keep workloads manageable so our people have the time and scope to listen, understand and deliver the solutions and high service standards you expect.

Would you like to talk?If you have any questions or would like to explore how you can make your insurance work harder for your organisation, we’re here to help.

Call: 0800 612 6223

Or email: ib-enquiries@theovalgroup.com

Oval Insurance Broking LimitedRegistered Office: 9 South Parade,Wakefield, WF1 1LR

Registered in England No: 01195184Authorised and regulated by theFinancial Conduct Authority.

www.theovalgroup.com

Insight. Service. Performance.

About usWith offices across the UK, Oval Insurance Broking (Oval) is the specialist insurance and advisory partner of choice for thousands of organisations and individuals across a range of disciplines and industry sectors.

From general insurance to sector-specific requirements, the strength of Oval lies in designing bespoke, dynamic and competitive risk solutions that fit your needs. Our insurance and risk specialists take the time to understand those needs, simplifying risk to deliver a consistently innovative, high standard and high performance service that adds value, capability, agility and a competitive edge to your business.

For more information, visit us at www.theovalgroup.com