TMK launches construction insurance online

Specialist insurer Tokio Marine Kiln (TMK) has added construction insurance to its portal enabling brokers to quote and bind risks online.

"We are thrilled to be responding to broker and customer feedback by offering our specialist construction product online," Steven Norcliffe, head of construction at TMK, said. "Enabling brokers to quote and bind construction risks online will speed up transaction times, deliver cost savings and enable us and our brokers to provide a better service for customers."

Tom Hoad, head of innovation at TMK, commented: "Adding another class to the online portal demonstrates our continued commitment to broadening our range of products online and meeting the changing needs of our brokers and clients."

Norcliffe added: "Initially we are offering coverage for short period projects in the UK and Republic of Ireland with a starting limit of £3.5m, but we will look to extend these as the class develops online. Outside these parameters, clients can continue to access our specialist insurance offline in the usual way."

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