The UK Office of National Statistics has revealed that the construction industry experienced seven consecutive months of growth until May 2022 despite ongoing challenges, such as labour shortages, supply chain difficulties, and inflation. Moreover, construction output in the same period was 4.1% higher than the pre-COVID-19 pandemic in Britain in February 2020.
Amid this testing landscape, Insurance Business scoured the UK to find this year’s best construction insurance providers by sourcing feedback from insurance brokers and conducting a survey with a wide range of brokerages. The Insurance Business UK (IBUK) team also asked 100s of brokers across the country to rate the construction insurers they had worked with over the past 12 months.
The in-depth information gathered enabled the IBUK research team to assign weighted values to each criterion rated by brokers. At the end of the research period, the insurers that received the highest rankings regarding work quality, specialist expertise, and client service were named 5-star award winners in construction insurance.
According to the report, the most important criteria for the survey respondents when placing construction insurance policies (1 = least important and 5 = most important) are:
See the construction insurance providers that won in each criterion by checking out the IBUK 5-Star Construction 2022 report. Congratulations to all the winners!
