Shefi Ben-Hutta
Editor at Coverager
Victor

Victor Insurance UK and HSB launch Contractors All Risks Product

Victor Insurance UK has launched a Contractors All Risks (CAR) product in partnership with HSB, targeting UK contractors and subcontractors with up to £20M in annual revenue. The policy offers up to £10M per project and covers risks such as defective design, BIM licensing, BREEAM certification, tech-based monitoring, remote-controlled equipment, and additive manufacturing damage.

“Contractors today face a range of emerging risks related to sustainable building standards and advanced technology integration, such as the use of AI and drones in construction settings. With this Victor CAR solution, brokers have access to specialised underwriting and industry expertise along with a comprehensive solution that specifically addresses these risks for their SME clients in the construction industry.” – Head of Construction at Victor Insurance UK, Rob Aston.

“Helping clients in highly specialised industries navigate increasingly complex risk environments is core to Victor’s mission. We’re excited about our new CAR proposition and, backed by HSB and their construction industry pedigree, we look forward to delivering innovative underwriting solutions for brokers and their construction clients.” – Chief Underwriting Officer, Simon Parrish.

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