Water Is The New Fire
Escape of water is at the top of the agenda for insurers involved in every stage of building and lack of protection is resulting in higher premiums or loss of cover. Insurance claims for the escape of water occurrences have increased substantially, both in their frequency and severity, since 2015.
The Construction Insurance Risk Engineers Group (CIREG) is a UK based professional body comprising risk management and civil engineering construction professionals working within the insurance industry. With their sector-specific knowledge and expertise, they provide insurers, clients, and contractors with advice on how to mitigate the risks of water damage on buildings undergoing construction and refurbishments – from design through to completion.
And, due to ongoing changes in materials, the construction industry has not been immune from the increasing number of water leaks resulting in major loss during construction – not least in terms of Builder’s Risk claims. From ruining interiors through damage to equipment and furnishings, to spurring the growth of mould and even causing the collapse of entire structures – water leaks can result in significant construction delays and heavy expenses.
That’s why the installation of CIREG compliant systems at the earliest stage is crucial – enabling you to monitor water flow across the entire span of the project and detect any potential risks as soon as they arise. Waterguard’s services can be implemented as part of an effective risk management strategy at any stage. Not only do we provide system-specific mitigations – including a means for rapidly shutting down the system when water flow is detected – we also offer in-house training and practical support to ensure a smooth handover between completion and occupation of our products.
Where the Waterguard SiteGuard offers a solution to monitor temporary water supplies before the installation of permanent systems – automatically shutting off and reinstating supply around site opening hours – the Waterguard Series 7 provides a more comprehensive, continuous monitoring solution. When installed with isolation valves, the Waterguard Series 7 achieves full CIREG compliance for permanent works water systems, detecting any minor and major leaks and shutting off supply when a user-specified volume is exceeded.