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UK Property and Construction

The Aspen’s UK Corporate Property & Construction team seek to be different from the ‘average insurer’.

+44 20 7184 8235

Aspen’s UK Property & Construction team always seeks to be different from your ‘average insurer’. We start by recognising our client’s primary need: to accept their risk at a fair and sustainable price, and to keep them in business when things don’t go to plan.

As well as underwriting non-complex risks, we excel at unusual or special circumstances. You can expect us to be interested in risks that many of our competitors appear less confident accepting.

Paul Gatland Head of UK Property & Construction

Interested in risks that many of our competitors appear less confident in taking

At Aspen, we start by recognizing your primary need: to accept your risk at a fair price, and to keep people in business when things don’t go to plan. 

As well as non-complex risks, we excel at unusual or special circumstances. You can expect us to be interested in risks that many of our competitors appear less confident in taking. 

UK Property & Construction is structured into three underwriting teams, each dedicated to addressing the insurance needs of particular market segments: Property Investors, Business & Public Sector, and Construction. 

This individual focus is harmonized to ensure an integrated approach to case/broker/trade sector management, without diluting the excellent underwriting and analytical skill inherent in Aspen. 

We work in collaboration with our UK & International Casualty Underwriters to provide cross-class solutions for our clients and broker partners. 

Areas of business

Property Investors

We have empowered and knowledgeable underwriters with cross-class capability.  

Our Asset Policy covers the following insurance needs: 

  • Property – Financial impact of damage to physical assets, including buildings, fixtures, fittings and landlords’ contents
  • Business Interruption – Safeguarding against loss of rent, alternative accommodation and service charges
  • Liability – Responding to legal liabilities arising in connection with ownership of the asset

It is specifically designed for investors in: 

  • Commercial Properties
  • Residential Properties

Maximum capacity: £150m (EML basis)

Business & Public Sector

We offer a suite of policy wordings covering Property and Business Interruption and ancillary covers. 

We particularly target trades where we can add underwriting value including, but not limited to: 

  • Manufacturing  
  • Distribution  
  • Retail  
  • Services  
  • P.F.I. 
  • Public Sector  

Maximum Capacity: £100m (EML basis)  

Construction

Our Construction policies meet the insurance needs of all parties actively involved in a building contract, including: 

  • Contractors All Risks 
  •  Employers Liability 
  • Public Liability 
  • 6.5.1 Non-Negligent cover 

Policies can be written to cover an individual entities interest in the construction, or on a project basis covering all parties concerned.   

We underwrite construction work for a varying size of contract on either: 

  • Annual (‘turnover’)
  • Single project (‘turnkey’)

Maximum Capacity: £50m Contract Value (EML basis)/EL £25m/PL £25m