What is insurance for modern construction?
MMCs are currently revolutionising the construction industry by providing new ways of building that are faster, cheaper and more sustainable than traditional construction methods. These methods encompass a range of techniques that leverage advancements in technology, engineering and materials science to streamline the building process and improve the overall quality of construction.
One of the most significant benefits of MMC is speed. By utilising prefabrication and modular construction techniques, buildings can be constructed much more quickly than with traditional methods. This can save significant time and money, as well as reduce disruption to the surrounding community.
MMC also offers greater precision and accuracy. With computer-aided design (CAD) and Building Information Modelling (BIM), engineers and architects can design and plan projects in greater detail, reducing errors and improving construction quality. In addition, offsite construction can be completed in controlled environments. Reducing the risk of errors due to weather and other environmental factors.
Sustainability is another key advantage of MMC. These methods often use materials that are more environmentally friendly than traditional construction materials, such as recycled steel and timber. The offsite construction process also generates less waste and reduces the carbon footprint of the building process.
Finally, MMC is also changing the way buildings are designed. With greater flexibility and modularity, buildings can be easily modified and adapted to meet changing needs over time. This can help to extend the useful life of buildings and reduce the need for costly renovations or replacements.
Overall, MMC is transforming the construction industry by making building faster, cheaper and more sustainable, while also improving the quality and flexibility of the built environment.
For all your insurance needs in the ever-changing landscape of the construction industry, Ascend can help. From Design & Build main contractors and heavy civil engineering firms, to small, specialist contractors, we have the expertise to provide construction companies with all the cover they need, and protection for every eventuality, at an affordable premium.
For anything we can assist with, today and tomorrow, please do get in touch!
Further blogs based on similar topics of interest:
The difference between LOSC and BFSC
Why insurers may refuse claims from your company
Differences Between Joint Names and Composite Insured
Any questions? Please don’t hesitate to contact one of our team.