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The benefits and challenges in single project insurance

As a cover product, project insurance is commonly used on major infrastructure projects. This Government supported product is often viewed by suppliers as leading to extra costs for little benefit compared to the annual insurance product.

This webinar addressed both the benefits and challenges in taking on single project insurance that covers small and medium sized projects, and endeavoured to answer the following questions:
• What is project insurance?   
• How does single project insurance offer value for money? 
• What is not covered by project insurance? 
• How does single project insurance for small to medium sized projects compare to
annual multi-party insurance?
• What are the potential legal pitfalls (overlapping with other insurance products)?

Managing Construction Risk

CIRIA’s Managing Construction Risk Community of Practice (CoP) brings together practitioners from the construction and insurance sectors with the objective of improving the management of risk and financial performance. 

Through a series of network events and integrated resources the CoP will help deliver more focused collaboration and enhance knowledge transfer in risk management. The events examined within the CoP network include professional indemnity insurance (PII), design, contract works and project insurance.