Chartered insurance broker, Verlingue, has established a new dedicated construction practice. Led by Harvey Monk, the new practice brings together a team of specialists from across Verlingue in one hub of 12 specialists.

The team provides medium and large sized UK-domiciled construction companies with risk management advice and support as well as expertise in placing sector-specific insurance programmes including construction liability insurance, performance bonds, credit insurance, contractors plant and fleet and professional indemnity.

Verlingue believes the construction sector is set for a period of sustained growth. Recent forecasts from Statista estimate that the sector will grow to £476.6bn by 2027.

In particular, Verlingue is seeing a significant increase in demand for advice surrounding modern methods of construction and the implications these can have on risk management and programme design.

Harvey Monk, sales director, South, Verlingue commented: “I am delighted to be leading this dedicated practice comprised of individuals from across our UK and European businesses. The team has significant expertise in this sector born from many years of experience. This gives us great insight into the changing needs and challenges of clients operating in this sector.”

Mike Latham, group CEO, Verlingue, added: "This is an important development for us and reflects our established strategy of building out national practices by bringing together, and recruiting, people with specialist knowledge. It follows the successful launch of dedicated practices covering the like of media, healthcare, food delivery and multinational, ensuring we continue to deliver the insurance and employee benefits solutions our clients need.”

---