What are the benefits offered by Zurich Insurance to Accredited companies?
Working in partnership with CIAPS , Zurich Insurance has developed a unique insurance facility for construction companies that are CIAPS members in recognition of the independently validated competencies and standards. This facility is a rating model that provides registered companies with preferential rates. ‘ Accredited’ companies will benefit from a unique cash rebate* clause designed to reward superior performance. If there are no claims 15% If claims do not exceed 40% of premiums 10% If claims do not exceed 50% of premiums 7.5% If claims do not exceed 60% of premiums 5% * subject to renewal and the Employer’s Liability, Public Liability and Contractors All Risks covers being held by Zurich. The rebate is paid in cash and is not a discount off the next renewal. Currently this facility only applies to Contractors and is not extended to professional advisors (i.e. those requiring Professional Indemnity insurance) or manufacturers. See here.
