A new defects insurance scheme promises to be the best practice
driver the industry has been waiting for, and could also solve
employers' liability insurance problems.
Launched last week by the Construction Manufacturers Partnering
Association (Compass), Compassure has been specifically designed to
cover proprietary systems from product manufacturers. It provides
reputable manufacturers with blanket cover against product and
workmanship defects allowing them to supply clients with meaningful
system guarantees of 10 years or more.
Available only to chartered Compass members, the benefits of
Compassure do not stop at the client. Ron Edmondon, Compass
director, said: "The scheme allows main contractors to legitimately
transfer risk and it protects specifications generated by
architects and others.
"The mandatory control procedures promote the development of true
collaborative relationships between suppliers and subcontractors,
providing them with a powerful incentive to perform and a real
competitive advantage," he said.
The scheme has attracted the interest of the Department of Trade
& Industry, which sent its insurance expert Paul Hayward to
visit Compass.