Insurance

Description

Insurance requirements for carrying out construction projects in buildings and/or land owned, leased or occupied under license by Imperial College London.

Engagement 

Project Manager to contact Imperial Insurance Manager (c.coulson@imperial.ac.uk) in the Finance Division if:

  • Project value > £5m: Full referral proposal form/underwriting pack required - additional premiums normally required.
  • Project value > £2.5 but <£5m: Notification required only - covered by general policy. 
  • Project value > £100k on Aviva-insured property.
  • Embedded Space (3rd party buildings) works involving the existing structure.
  • Equipment/plant is procured under a separate contract.

If project falls outside the above criteria, then generally no action is required by the Project Manager, however, please review the Property Manager Checklist Contract Works Insurance Requirements for full criteria list to clarify.

Forms & Links

Please review the Property Manager Checklist Contract Works Insurance Requirements before contacting the Insurance Manager.

Approvals & Compliance Review

  • Project can commence on site (RIBA Stage 5) when Insurance Manager has confirmed insurance cover is in place, Joint Names/Waiver is satisfied, Embedded Space liabilities defined and all risks approved.
  • Project cannot commence or continue on site if no insurance confirmation is received, no embedded space (3rd party buildigns) host agreement is in place, Joint Names insurance is unachievable, high-risk methods not referred to, and no Hot Works Permit in place. 
  • The Insurance Manager will provide confirmation via email.

Repeated Subsequent RIBA Stages 

RIBA Stage 0-4

Project Managers to ensure that if additional insurance premium costs are required, they are incorporated into all cost plans and approved funding requests.

RIBA Stage 5

Insurance placement to be confirmed by the Insurance Manager. Notify the Insurance Manager of material changes to scope/cost/methods/programme/storage - Notify if an insurance extension is required as soon as possible. 

RIBA Stage 6

Notify the Insurance Manager of Practical Completion and confirm maintenance/defects liability period.