This client is a specialist rail civils contractor working on signalling upgrade projects with 90% of their business in the rail industry.
Their Liability and Works insurances had key exclusions which were very onerous for their business.
Jobson James Rail did a cover gap analysis of their insurance, carried out a site survey of one of their rail signalling sites and spoke with their site management. In addition we interviewed their head office management team to understand how risk was managed in the business and the quality of their accreditations and training.
We then went to market to secure insurers quotations with a 30 page detailed risk presentation that the client has signed off as presenting them professionally to market.
Jobson James Rail secured a £44,000 premium reduction across their insurances which equated to 52% of the expiring premium of last year’s rates used on this year’s estimates. Our contract of service includes contract checking and we have advised them on approximately 20 contracts, specifically on the contractual liability clauses and the onerous terms therein being passed down from Tier 1 contractors and the state railway institutions so they know what liability they have accepted which is backed by insurance and which is not.