MECON NZ, a trusted construction underwriting agency, is expanding its offer to brokers through a strategic collaboration with Artisan Underwriting—bringing a powerful D&C PI solution to the New Zealand market supported by Lloyd’s capacity and tailored to construction-sector needs.
About MECON NZ
MECON NZ works alongside insurance brokers to deliver tailored solutions through a suite of endorsements designed to meet the diverse needs of construction and related industries. With extensive experience, technical knowledge, and a commitment to superior service, MECON NZ is a trusted business partner that ensures clients receive comprehensive and efficient insurance coverage.
Unlike conventional underwriting agencies, MECON NZ empowers its team to make underwriting decisions directly. It has developed proprietary policy wordings and administration systems to align perfectly with industry needs, supported by in-house claims professionals with high settlement authority.
MECON NZ’s policies actively protect against a wide range of construction risks with policies catering for simple domestic work through to complex heavy industrial and civil projects and/or the various trades involved in such projects.
Introduction to Design and Construct (D&C) PI Insurance
Design and Construct (D&C) Professional Indemnity insurance provides vital financial protection for building contractors who undertake both construction and design responsibilities – whether directly or through subcontracted professionals. These contractors may be held liable (whether vicariously or indirectly) for the acts, errors, or omissions of architects, engineers, or other engineering or design professionals engaged on their behalf.
Recognising a gap in the New Zealand market for comprehensive D&C coverage, MECON NZ sought a reliable solution tailored to the needs of its broker clients—and found it in Artisan Underwriting.
About Artisan Underwriting
Artisan Underwriting brings capacity to New Zealand brokers across a broad range of Financial Lines and Casualty products. Their bespoke D&C Professional Indemnity policy is a civil liability-based wording that is designed specifically for D&C contractors as well as design and manufacturing industries. The product is aimed at those involved in the construction and/or delivery of:
- Low-rise and mid-rise residential buildings
- Industrial and retail projects
- Refurbishments and fit-outs
- Small-to-medium education, retail, and health/care facilities
- Townhouses and non-innovative projects
The policy includes an automatic reinstatement feature, with aggregate coverage of up to $10 million, depending on the Limit of Liability. Key coverage elements include:
- Novated contracts
- Compensatory civil fines and penalties
- Loss mitigation
- Joint ventures
- Copyright and patent infringement
- Implied warranties and conditions
- Extended notification periods
- Privacy breach costs
- Excess reduction
- Emergency insured costs
Optional additional covers include Fidelity Cover, Multi-Year Run-Off, and Principal’s Indemnity.
A Powerful Insurance Collaboration
Clients holding an Annual or Single Project policy with MECON NZ can access this uniquely tailored coverage through referral to Artisan Underwriting. Backed by leading Lloyd’s syndicates, Artisan provides trusted coverage, competitive pricing, and market-leading service.
Additionally, MECON NZ’s security is provided by AIG Insurance (New Zealand) Limited—a globally recognised insurance leader serving clients in more than 100 countries.
The combined strength of these insurers ensures that MECON NZ is positioned to offer market-leading coverage underpinned by the reliability of Lloyd’s and AIG.
Reflecting on the MECON NZ and Artisan collaboration:
“This strategic collaboration creates a powerful synergy between two specialists dedicated to providing pragmatic risk solutions for brokers and clients. Artisan’s PI D&C solution, underpinned by some of the strongest capacity at Lloyd’s, addresses a critical need in the New Zealand market. Combined with MECON’s construction expertise, market-leading policy wording, and strong broker relationships, this partnership is positioned as an ideal choice,” said industry veteran Glenn Ross, Founder MECON Insurance & Executive General Manager Construction UAA Group.
“Beyond the expertise and solutions we bring, what truly sets this alliance apart is the calibre of our people. Kishan Dasan’s technical acumen and passion for construction have made him a recognised leader for almost 20 years. Lewis Patton’s deep knowledge in financial lines and casualty, refined over 15 years, ensures a robust offering for construction clients. Their dedication and expertise make this collaboration exceptionally strong.’”
Explore our tailored D&C PI insurance offering here.