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MNK International brings extensive expertise to the construction and engineering sectors, with specialist knowledge that addresses the complex risk challenges faced by today’s projects.
Our technical capabilities and market relationships enable us to structure bespoke insurance solutions for high-value and complex construction undertakings across all industry segments.
We provide all-risks coverage for physical loss or damage arising from construction and engineering activities. Our solutions are available for individual projects and annual programmes, supporting contractors, developers, and project owners with options for full value or excess of loss structures, delivered as either direct insurance or reinsurance.
Core coverage areas:
Sectors this works for:
Our specialist team has placed coverage for projects across diverse construction segments:
Delay in Start-Up (DSU) insurance provides essential protection against the financial consequences of delayed project completion resulting from insured physical damage events.
This specialised coverage works in conjunction with Contractors All Risks/Erection All Risks policies and is particularly valuable for project owners and financiers where project finance is structured on a limited recourse basis. For concession contracts, contractors may also require coverage.
DSU insurance responds specifically to delays caused by physical damage events insured under the CAR/EAR policy. The indemnity is calculated based on actual loss sustained, taking into account:
Coverage Options
We structure DSU programmes with various protection levels:
Additional coverage for increased cost of working ensures that reasonable expenditures to mitigate delays can be recovered.
Standard DSU policies typically exclude:
Latent Defects Insurance (LDI), also known as Inherent Defect Insurance or Decennial Liability Insurance, provides crucial protection against defects discovered after project completion and handover.
This specialist coverage addresses a critical gap in standard property insurance, which typically excludes damage arising from inherent or latent defects in buildings.
LDI provides indemnity for the cost of repairs or replacement of property damaged due to inherent defects in design, workmanship, or materials affecting the structure or waterproofing envelope. Coverage extends to preventing imminent damage caused by identified defects.
Available for new buildings and significant refurbishments or conversions, policies typically provide protection for 10-12 years from practical completion, offering long-term security for building owners and occupiers.
LDI delivers significant advantages compared to relying on contractors’ professional indemnity coverage:
Our construction insurance team combines technical knowledge with practical industry experience to deliver solutions that address the specific risk challenges of modern construction projects.