Global Construction Team A B ro ke r s l i n k Pra c t i ce
Uniting to Serve you Better www.brokerslink.com
The Brokerslink Global Construction Team consists of a select group of global insurance and reinsurance experts whose technical background is based on all aspects of construction. Our construction knowledge is drawn from our previous experience as risk managers, brokers, underwriters and consultants. While these individuals work independently within the network, they will come together and work as a team to support one of the Brokerslink members on a construction project. The support includes contractual, technical and underwriting expertise, with a global perspective, on large onshore and offshore projects and clients. This intellectual capital and knowledge is strategically located around the world to permit prompt access, both for clients and key construction insurance markets, while retaining the delivery of high-quality local service.
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Global Services
Regional Culture
Local Expertise
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Brokerslink’s members are leading independent brokers in their country. They have true experience in local regulations and compliance, as well as a deep understanding of their local market operations. All member brokers and specialized re s o u rce s p rov i d e r s leverage each other’s local expertise via the global knowledge platform.
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the Brokerslink Construction advantage Brokerslink approaches construction risk from a holistic basis. We look at all forms of risk – those that are traditionally transferred through commercial insurance products, as well as those that can’t be transferred and need to be mitigated and understood to provide a complete analysis of risk. Our approach is process driven. It starts early on in the pre-bid phase, not just with the placement of insurance policies. The construction risk continuum has exposure at each step. The Brokerslink process is designed to provide review and advisory counsel at each step.
Pre-Bid
Contracts
PreConstruction
Construction
Testing & Operational Risks
Our Construction Clients Brokerslink’s construction clients span the globe. Our global reach allows us to support clients and their construction projects virtually anywhere in the world. We have handled major projects in major centers such as New York City and in remote locations within Africa. The Brokerslink Global Construction Team and member firms around the world have experience and expertise in all types of construction projects; be it a high-rise building, a highway with tunnels and bridges, a refinery, or an under-water pipeline.
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the Brokerslink Construction advantage Pre-Bid Phase
• Identification of the project delivery method and the risks associated with that method. • Indentification of exposures that can be transferred as well as those that cannot be transferred. • Detailed site specific risk modeling for named storm, earthquake, flooding and terrorism. • Labor force legal services. • Identification and review of major exposures (such as tunneling, offshore, crane and design/build) • Identification of warranty and service exposures. • Political risk review (property, personnel and financial). • Insurance estimates for all insurable risks and employee benefits.
Contracts Phase
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Take a 360-degree approach to contracts – both below and above including joint venture and LLC agreements.
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Review indemnification language
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Review extended warranty language
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Analyze the insurance requirements to ensure that what is required is commercially available.
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Review the allocation of risk on exposures not commercially transferred including force majeure.
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Review waiver of subrogation language.
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Review any labor force obligations.
• Loss prevention feature – review of the engineering plans. PreConstruction Phase
• Site safety measures and procedures creation. • Emergency planning and Disaster Recovery. • Labor union negotiation legal assistance. • Immigration and visa legal assistance. • Employee benefits plan design. • Captive insurer utilization evaluation. • Review the need for Professional Liability and place coverage, depending on contractual and project delivery needs • Review the need for Pollution Liability and place coverage based on exposure analysis. • Create insurance specifications for the remaining insurance market. • Review the Safety Program for those conditions relative to identified exposures. • Political Risk, if necessary, for personnel and assets • Site safety monitoring.
Construction Phase
• Through our access to global and regional markets, incept all necessary insurance such as: • • • • • • • •
Fronting policies where necessary EAR/CAR/DSU – including warranty and service if necessary Automobile General / Excess / Employers Liability Equipment Floaters Employee Benefits Marine Cargo / Inland Transit Fidelity Guarantee / Crime
• Ensure all insurances meet local regulations including taxation. • Claims servicing including Claims Manual. • Monitor and report on changing project conditions. • Financial review of all insurers and reinsurers. • Provide loss prevention and claims services on a local basis to support placements. • Issue insurance documents to all interested / required entities. • Business continuity emergency plans and supply chain evaluation and monitoring. Testing & Operational Risks Phase
• Property and work environment, loss control services • Employment practices – bid services • Forensic accounting for business interruption losses • Employee benefits plan design and implementation • Captive feasibility, implementation, management or rental • Dynamic risk retention analysis • Actuarial services
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Client Projects
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1. Viaduct “Vigne” This is part of a motorway built replacing the previous road, it includes 2 tunnels 150 and 190 metres long. The tunnels have been enlarged, reinforced and updated with the latest safety measures. The works include the erection of a new 6-spans (70 to 120 metres wide) viaduct and and the enhancement of the other existing viaducts. 2.. “Santo Volto” church 3 Erection of a church in reinforced concrete. The works are divided in 3 sections: “Centro Parrocchiale” basement - 7,3 metres and 3 floors, “Chiesa” a building with octagonal shape and overall height of 36 metres, “Curia metropolitana” basement used as garage and 2/4 floors. Also a bell tower 60 metres tall is going to be built.
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3. Tunnel ”Avigliana” The works are related to the construction of the natural tunnel called “Monte Cuneo” that is 1.723 metres long (the total length is 1.906 metres including 76 + 106 metres outlets cover tunnel). Additional works are aimed at improving the secondary road for a length of about 700 meters. 4. Motorway “Milano-Serravalle” The works are located between the bridge over the Po river and the interconnection with the A/21 motorway Torino Piacenza, for about 20Km. Enlargement of the bridge over the Scrivia river. 16 overpasses along the route will be removed and 17 new bridges will be built, including the construction of a new toll booth near Gerola Alta. During the entire project the public use of the highway will be allowed.
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5. VIADUCTS “Bardonecchia” Construction of the 4th lane between the junction of Savoulx and the square of the Frejus for a total of about 8 km. The viaducts are a total of 11 with a span from 21 up to 78 metres. All the works related to safety and protection are included, as well as the improvement of existing facilities , upgrading of safety barriers adding new jersey barriers to them when near viaduct areas. 6. “Tirso” DAM - Oristano - Sardinia island - Italy Works ordered by Consortium of Oristano – Works aimed at improving the dam on the Tirso river, the island’s longest river. Works carried out from 1988 to 2003
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7. Motorway Gelje – Ljubliana The Trojane tunnel is the longest tunnel built in Slovenia in the last 15 years. It is a part of the highway connection between Austria, Slovenia and Italy measuring 450 km. It is a two-tube tunnel with a diameter of 11 m of each tube. The longer tube is 2.9 km long. The distance between the tubes is 40 – 80 m 8. Viaduct Motorway Satap (Asti) Works aimed at improving the viaduct 9. Itinera’s worksite Tortona
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10. Rivalta Scrivia Terminal - Italy
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80+ Countries Brokerslink is present in the following countries: Angola Argentina Australia Bahamas Bahrain Belgium Brazil Bulgaria Canada Cayman Is. Chile China Colombia Costa Rica Czech Republic Denmark Dominican Republic Dubai Ecuador Egypt
El Salvador Estonia Finland France Germany Greece Guatemala Hong Kong Hungary India Indonesia Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Korea Kuwait
Russia Saudi Arabia Singapore Slovakia South Korea South Africa Spain Switzerland Taiwan Thailand Trinidad & Tobago Turkey Ukraine UAE United Kingdom United States Uruguay Uzbekistan Venezuela Vietnam
Lebanon Latvia Luxembourg Macau Malaysia Malta Mexico Morocco Netherlands New Zealand Nicaragua Oman Panama Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar
More to come...
Specialized Resources
WEBCBG - New York
Brokerslink boasts a dynamic pool of specialized resources firms. These specialists provide their expertise within the network and to the clients. Catastrophe Risk Solutions Claims Management Special Risks Consultants Risk Engineering Services Captive Services Employee Benefit Solutions Self-Insurance Mechanism Business Continuity Management Cyber Risk Management Risk Consulting Legal Services Related to Employment Property Appraisal Technology
Global Construction Team A B ro ke r s l i n k Pra c t i ce
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