In the dynamic world of construction, managing risk is paramount. At Clarity Insurance Brokers, we understand that every project, from a significant renovation to a multi-billion-dollar development, presents unique challenges and exposures.
While traditional insurance models often place the burden of coverage on individual contractors, a Principal Controlled Contract Works (PCW) Insurance Program offers a superior, more secure, and often more cost-effective solution for project owners (Principals).
BENEFITS OF PCW Insurance
Overcomes Uncertainty & Eliminates Gaps
Protection Against Contractor Insolvency
Enhanced Control & Simplified Claims
... and many more
What is Principal Controlled Contract Works (PCW) Insurance?
A Principal Controlled Contract Works (PCW) Insurance Program is an arrangement where the project owner (the Principal) takes direct control and purchases the primary insurance policies for a construction project (Contract Works - material damage to the project itself).
This approach ensures that the insurance coverage is specifically designed to suit the Principal's needs and interests, providing a tailored program that covers exposures throughout the entire project life cycle.
Squirrel’s unique lending facility is designed to help get your project going with fewer fees, less paperwork and less fuss.
