Designed 2 Deliver
D2D is a new professional indemnity product that fills the gaps in cover left by traditional design and build insurance, allowing small to medium sized contractors to benefit from a breadth of cover that has hitherto only been available to the national firms, at the right price.
How could D2D help you? See our illustrative Success Story below.
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Contact Us:
Tel: 0845 605 7000
Email:
pimarketing@uk.lockton.com
Designed 2 Deliver Cover Guide
D2D includes all the standard clauses provided within traditional design and build insurance:
- Errors & Omissions
- Mitigation costs and expenses
- Your liability for errors of sub contractors/sub consultants
- Libel and slander
- Dishonest, fraudulent, criminal and malicious acts or omissions of employees
- Loss of documents
- Inadvertent breach of patents/copyrights
D2D also includes the following:
These benefits are not included within the basic cover of traditional policy wordings.
- Automatic Immediate Mitigation of Potential Claims – this allows the insured a period in which to act prior to notifying the insurer
- Automatic Joint Venture Cover – the insured is automatically insured when acting as a member of joint ventures and consortia.
- Automatic Cover for New and Acquired Companies – At a time of consolidation in the industry, this allows for the automatic inclusion of new and acquired companies.
- Implied Fitness for Purpose
- Duty to Warn – The insured is covered in the event of their failure to warn the client of a potential problem.
- Difference in Conditions (DIC) / Difference in Limits (DIL) – D2D dovetails with other policies.
- Broader range of Activities Covered.
- Non-avoidance - An innocent Non-Disclosure clause.
- Reinstatements to Policy Limits available.
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Success Story: |
THE PROBLEM:
- Employer is a Property Management Company engaged in the development of a retail park.
- Insured is the D & C contractor for an extension to an existing car park.
- Insured appointed a structural engineer and a building contractor, both of whom carry PI insurance but, contractually, the insured remains ultimately liable to the Employer.
- Insured received a phone call from their own project manager on a Friday before a Bank Holiday weekend.
- The upper tiers of the car park appear to be suffering from a severe cracking that has only been noticeable within the last 48 hours but is getting progressively worse.
- The Property Management Company has taken the decision to close the entire car park until the extension can be made safe, and also not to open any of the retail outlets during the bank holiday weekend.
- Remedial work is required immediately to make the car park safe and usable.
- Normally the contractor would have to give written notice to insurers, await their consent, leaving the building closed and the client unhappy.
FOR A D2D CONTRACTOR:
Despite being a bank holiday and the retail centre’s busiest weekend of the year, the cover available under D2D meant that the insured were able to respond rapidly to keep the centre open, avoid costs and litigation and most of all, retain their reputation with the client
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