HSB becomes insurance provider for Premier Guarantee
HSB provides Latent Defects and Machinery Inherent Defects Insurance to Premier Guarantee customers
Specialist engineering and technology insurer HSB is delighted to have joined Premier Guarantee's panel of insurers to provide Latent Defects and Machinery Inherent Defects Insurance to their customers.
Following the recent instability in relation to insurance backing for latent defects insurance, the inclusion of HSB onto Premier Guarantee's insurer panel is positive news for the construction sector. The relationship is also enabling HSB products, such as Machinery Inherent Defects Cover, to be provided to Premier Guarantee's customers.
Specialising in construction and equipment breakdown covers in the UK and Ireland, HSB is known and respected within the industry for its product innovations such as Machinery Inherent Defects insurance, which protects any mechanical and electrical services equipment against the risk of equipment damage from an inherent fault.
Stephen Worrall, Managing Director, HSB, said: "We are delighted to be working with Premier Guarantee to provide latent defects and machinery inherent defects insurance to their customers. By combining our specialist insurance knowledge and experience with Premier Guarantee's expertise in the building control and warranty markets, we are building a strategic relationship focused on delivering customer-orientated insurance solutions."
Gary Devaney, Chairman and Chief Executive of Premier Guarantee, said: "The construction industry needs good news at the moment and our partnership with HSB puts us in an excellent position to hit the ground running as the construction market picks up after a very difficult few months for all. It enables us to extend the range of products and services we are able to offer in the warranty and building control markets via brokers. We are also looking to bring some exciting new schemes to market."
Established for more than 20 years, Premier Guarantee provides construction-related warranty/latent defect cover and boasts one of the largest national networks of Risk Management Surveyors in the UK.
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About HSB
HSB, part of Munich Re, is a leading specialist provider of engineering and technology insurance and inspection services.
Backed by over 150 years of innovation and covering a broad range of technologies and industry sectors, we help customers reduce risk through the provision of innovative construction, engineering, energy, and cyber insurance products.
Established in the U.S. in 1866, HSB’s founding principles of technical expertise and loss prevention remain at the forefront of the work we do today. Whether it’s engineering solutions for contractors, comprehensive machinery and technology insurance, innovative energy efficiency policies, or SME cyber risk covers, we have the knowledge to show customers how, working with HSB, they can stay ahead of emerging risks in a complex world.
With over 500 employees, and offices in Belfast, Birmingham, Dublin, Glasgow, London and Manchester, we provide insurance and engineering inspection services that touch almost every aspect of work and life.
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