In today’s complex insurance landscape, placing construction risks has become one of the more challenging and resource-heavy areas for brokers.
The rise in specialist trades, tightening policy wordings, and the need for bespoke cover mean that a traditional, fragmented approach to insurance placement where multiple policies and insurers are stitched together to meet client needs is no longer fit for purpose.
We believe it’s time for a smarter, more efficient way to support brokers.
The Problem
Ask any broker working in construction, and a common theme will emerge:
Placing risks across different lines of business is time-consuming, admin-heavy, and often leads to inconsistent cover.
Not only does this increase workload, but it also introduces risk, through gaps in cover, unclear overlaps, or inefficiencies in how claims are handled.
In conversations with brokers, this issue consistently came up: “Why isn’t there a more joined-up approach?”
That sentiment is echoed across the wider industry. In a recent Insurance Business UK report, brokers identified coverage as the most important factor when considering construction insurance – above price, speed, or ease of use. That insight highlights a growing demand for comprehensive, well-structured policies that leave no critical gaps.
Listening to Brokers: The Starting Point for Change
As an independent MGA, we’re able to listen closely and act quickly. We don’t develop products in isolation, we build them with input from the people placing cover every day.
Contractors Combined was developed in direct response to broker feedback. It’s not just a product, it’s a response to the structural challenges that brokers face when working with contractors.
What we heard was clear:
- Brokers want a single, coherent policy to avoid duplication and disconnects.
- They need underwriters who will work with them, not just process submissions.
- They’re looking for flexibility to place complex or niche trades without jumping through unnecessary hoops.
Reimagining the Placement Experience
Rather than layering separate policies, we’ve created a product that allows for up to nine sections of cover in one place. From liability, professional indemnity, directors & officers and beyond.
More importantly, we’ve paired that with a bespoke approach:
- Each risk is discussed directly with an underwriter who can shape terms, extensions, and pricing in a way that fits the client’s needs.
- Creating opportunities for size-based discounts, low claims rebates, and terms that better reflect the actual risk, not just what a system allows.
The result? Brokers can offer stronger, clearer propositions to their clients, with less admin, fewer moving parts, and a single point of contact.
Where we go from here?
Construction insurance isn’t getting simpler, but how we approach it can be.
As client expectations evolve and the market becomes more nuanced, brokers need partners who are willing to deliver joined-up, broker-first solutions. Which is why at Folgate each risk is discussed directly with an underwriter who can shape terms, extensions, and pricing in a way that fits the client’s needs
We are committed to upholding our traditional values while delivering innovative underwriting solutions.
If you’d like to see what that looks like in practice, our product overview is available below: