Solution examples

• Re-used materials have a built-in history. Their previous use has utilised some of the inherent properties of the material which can imply some degree of wear, tear and gradual deterioration in the material. The second-hand user of any property or material will appreciate that the exposure of that material to good, poor or indifferent care and maintenance, and how it is removed, reconditioned, stored and transported will to some extent influence its condition, reliability, future value and the hazards and risks to the new owner. This also impacts third parties coming into contact with it.

• New, unused materials and products typically carry an expectation of ‘fitness for purpose’, longevity of working life and sometimes a guarantee or warranty. Law relating to ‘fitness for purpose’ and liability for loss or damage is principally based on new and first-user property and materials. Therefore, risks inherent in the reuse of materials must take into account their history and provenance because these will influence any remedial outcome.

• Our role is to advise on the gathering of relevant information, data, testing and quality control protocols that will be of interest to an insurance underwriter and to define the breadth and terms of one or more types of insurance products covering the relevant stages of the reuse pathway that will serve the client’s needs. Following the analysis and design of an insurance solution we are able to facilitate the implementation of the cover.