Crest Nicholson

Kevin Maguire, Group Company Secretary

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“The exercise enabled us to significantly improve the quality of key insurance contracts and gain an enhanced understanding of the ins and outs of insurance policy operation and the traditional pitfalls. We were exceptionally pleased with the outcome of the whole process. It is a particular comfort to know that the policy wording has been stress tested in the context of a reasonable claim.”

“Mactavish conducted an Insurance Governance Review for Crest Nicholson and then assisted with legal drafting support during our renewal – where we made significant changes to our insurance programme. The exercise enabled us to significantly improve the quality of key insurance contracts and gain an enhanced understanding of the ins and outs of insurance policy operation and the traditional pitfalls. We were exceptionally pleased with the outcome of the whole process.

Insurance contracts rarely get the credit or the attention that they ought to get in contrast to equivalent commercial contracts of similar or often lesser value; it seems that there is a general attitude that because a policy is standardised the assumption is that it will be reasonable and correct, and therefore there is little point reading it – this is never the case. The most valuable part of working with Mactavish was having a technical review of our insurance contracts and having someone carry out a constructive critical review. The involvement of specialist insurance QCs was a cost effective way of drawing in the necessary legal expertise to review existing wording and draft changes to our insurance contracts and it is a particular comfort to know that the policy wording has been stress tested in the context of a reasonable claim.”

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