Understanding The Heritage Package: One Policy, Comprehensive Protection
Most commercial insurance programmes are built by stitching together a number of individual products — a liability policy here, a material damage policy there, a separate business interruption policy, and so on. That approach works reasonably well for straightforward businesses, but for larger or more complex construction and manufacturing businesses it can create real problems: gaps between policies, inconsistent terms, duplicated administration, and a programme that doesn’t reflect how the business actually operates.
The Heritage Package was developed to solve that problem. Exclusive to Heritage London Markets, it brings together the covers a complex construction or manufacturing business is most likely to need into one integrated policy, placed through the specialist capacity of Lloyd’s of London and the wider London Market.
What’s included
The Heritage Package combines six core areas of protection:
- Combined Liability — Employers’, Public and Products Liability cover in one place, rather than negotiated separately.
- Material Damage — cover for buildings, contents, machinery, stock and other insured assets.
- Business Interruption — financial protection to support recovery and reduce the impact of trading disruption following an insured event.
- Contractors’ All Risks — protection for contract works, temporary works and materials throughout the build.
- Plant Insurance — cover for owned and hired-in plant, machinery and specialist equipment.
- And, critically, all of the above are structured to work together as a single, coordinated programme rather than a collection of separate policies with their own definitions, exclusions and renewal dates.
Why coordination matters
When cover is bought piecemeal, it is easy for gaps to appear between policies — a scenario that falls just outside the wording of one policy and just outside the wording of another. A coordinated programme, built around the way a business actually operates, closes those gaps and removes a significant amount of the administrative burden that comes with managing multiple separate policies, renewal dates and insurers.
Who it’s designed for
The Heritage Package is particularly suited to construction contractors, civil engineering businesses, property developers, manufacturing businesses, engineering companies and industrial operations — particularly those with complex contractual liabilities or risks that sit outside the appetite of conventional insurers. Every policy is individually tailored: we look at the specific projects a business undertakes, the specific exposures involved, and structure the programme accordingly.
A different way of thinking about cover
For businesses used to juggling several separate policies and several separate renewal conversations, The Heritage Package represents a genuinely different approach: one policy, one point of contact, and cover that has been built around the business rather than assembled from off-the-shelf products. If your business is managing complex construction or manufacturing risk and feels like your current insurance arrangement is more complicated than it needs to be, it’s worth a conversation with our team.