FMB Insurance

What FMB Insurance does

FMB Insurance Services is a UK-based full-service insurance broker and a wholly-owned subsidiary of the Federation of Master Builders (FMB), the country's largest construction trade association. Operating since 1980 from an Ely, Cambridgeshire office with a registered address in Rochester, the firm brokers a comprehensive portfolio of construction-focused insurance products, including Public Liability, Employers' Liability, Contract Works, Professional Indemnity, Directors and Officers, Business Interruption, Commercial and Residential Property, Van and Fleet, and Commercial Legal Expenses coverage. Its product suite also includes the FMB Building Work Guarantee and the Build Assure 10-year structural warranty for new homes, with a tiered offering (Value, 2-Year, 6-Year, 10-Year) for developers across budget segments.

The company operates without a proprietary technology stack, functioning as a traditional broker that accesses multiple insurer panels (including Everest Syndicate 2786 on an A+ rated basis and over 20 van and fleet providers) to place policies. It is authorised and regulated by the Financial Conduct Authority, registered as a Consumer Code for New Homes Code User, and holds GDPR and Investors in People compliance. Distribution combines direct phone and online quote channels with the captive FMB member network, and customer segments span construction SMEs, individual tradespeople, new home developers, and homeowners undertaking renovation or extension projects.

Revenue is generated through insurance brokerage commissions on annual and multi-year policies, with FMB members receiving discounted pricing. Recent strategic activity includes a 2024 partnership with ICW Group to expand new home warranty capacity and a prior 2018 switch to Everest Syndicate 2786 for higher-rated underwriting. External recognition includes the 2023 IBUK 5-Star Brokerage Award and a 2019 Investor in Customers Silver award.

Name

FMB Insurance

Legal name

FMB Insurance Services

Website

https://fmbinsurance.co.uk

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

FMB Insurance is a UK construction-focused insurance broker and wholly-owned subsidiary of the Federation of Master Builders, offering liability, contract works, fleet, and structural warranty products to construction SMEs, developers, and homeowners via FMB member distribution channels.

Ownership category

akta.pro rank

Product category

Construction Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411), Surety Insurance (6351), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH)

akta.pro secondary industries

Commercial Auto & Fleet Liability Insurance (Primary) (TLABANAA), Warranty & Service Contract / Mechanical Breakdown Insurance (FSAJAMAM)

Keywords

• Construction insurance brokerage
• Builders liability insurance
• Contract works coverage
• New homes warranty
• Structural defects insurance

Headquarters

HQ city

Ely

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Brokerage Commissions: FMB Insurance operates as a full-service insurance broker providing access to a vast catalogue of quality insurance products. Revenue is generated through commissions from insurance underwriters and insurers for placing policies with construction industry clients.
2. Insurance Product Sales: The company offers various insurance products including Public Liability, Employers Liability, Contract Works, Professional Indemnity, New Homes Structural Warranties, Building Work Guarantees, Van and Fleet Insurance, and more. These are sold as recurring annual policies or project-specific coverage.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

FMB Insurance is a full-service insurance broker specializing in construction and building industry insurance. The company offers a comprehensive portfolio of insurance products including Public Liability, Employers' Liability, Contract Works, Professional Indemnity, FMB Building Work Guarantees, New Homes Insurance (Build Assure) providing 10-year structural warranties, Van and Fleet Insurance, Commercial Legal Expenses, Directors' & Officers' cover, and Business Interruption policies. Products are placed through multiple UK insurers and Everest Syndicate 2786 (A+ rated), serving FMB member builders, construction SMEs, new home developers, and homeowners undertaking building projects.

Product overview

FMB Insurance is a full-service insurance broker specializing in construction and building industry insurance. The company offers a comprehensive portfolio of insurance products organized across liability coverage (Public Liability, Employers' Liability, Professional Indemnity, Directors' & Officers'), property and works coverage (Contract Works, New Homes Insurance/Build Assure, Commercial & Residential Property, Unoccupied Buildings, Office & Contents), vehicle coverage (Van and Fleet Insurance, Breakdown Recovery), legal protection (Commercial Legal Expenses), and specialized Building Work Guarantees. Products range from entry-level warranties to flagship 10-year structural warranties, with policies available for 2, 6, or 10-year terms. The offering also includes Business Interruption insurance and access to over 20 van/fleet insurance providers.

Differentiator

Problem solved

Functional benefit

Brands

• Build Assure: New Homes Insurance product providing 10-year structural warranties.
• FMB Building Work Guarantee

Products and services

• Public Liability Insurance Protects construction businesses, contractors, and tradespeople from third-party claims for injury or damage to property or individuals arising from their work activities. Designed for builders, contractors, and trades operating in the UK construction industry.
• Employers' Liability Insurance Provides coverage for construction employers against claims from employees who suffer illness or injury while working for the company. Mandatory for most UK construction businesses with staff.
• Contract Works Insurance Protects construction works underway on site against damage from fire, theft, vandalism, burst pipes, and other insured events during the build duration. Designed for builders and contractors undertaking client construction projects.
• Professional Indemnity Insurance Covers legal costs and expenses in defending claims, as well as compensation required to remedy mistakes made during the provision of professional services or advice. Designed for construction professionals giving design, advisory, or consultancy services.
• FMB Building Work Guarantee Insurance-backed guarantee providing protection for 2, 6 or 10 years for home improvements including roofing, refurbishments, and extensions. Available in Value, 2-Year, 6-Year, and 10-Year tiers covering construction process, structural defects, faulty workmanship, structural damage, and water ingress. Used by builders offering guarantees to homeowners and by homeowners directly.
• New Homes Insurance (Build Assure) 10-year new home structural warranty covering newly built or converted homes (including barn conversions and office-to-flat conversions) against structural defects and water ingress. Includes deposit protection up to 10% of contract value or £100,000, whichever is lesser. Accepted by most UK mortgage lenders. Designed for new home developers and homeowners purchasing new build properties.
• Commercial & Residential Property Insurance Insurance coverage for commercial and residential properties protecting owners against various risks and damage scenarios. Designed for builders, property owners, and developers with commercial or residential property assets.
• Unoccupied Buildings Insurance Coverage for empty or unoccupied properties against loss or damage. Designed for builders, developers, and property owners with vacant buildings awaiting sale, refurbishment, or occupation.
• Van and Fleet Insurance Coverage for single vans and fleet vehicles with access to over 20 UK leading van and fleet insurance providers. Designed for builders, contractors, and tradespeople operating commercial vehicles.
• Commercial Legal Expenses Insurance Covers legal costs if a legal dispute is brought against a construction business, providing financial protection for legal defence. Designed for builders, contractors, and construction SMEs.
• Directors' & Officers' Insurance Protects directors and key managers of construction businesses from claims that could be made against them in their professional capacity. Designed for owner-managed construction companies and SMEs.
• Business Interruption Insurance Provides coverage for loss of income when construction business operations are interrupted due to covered events such as fire, flood, or other insured perils. Designed for builders and construction SMEs.
• Office & Contents Insurance Coverage for construction business office premises and their contents against damage, theft, and other risks. Designed for builders, contractors, and construction SMEs with office premises.

Quantifiable outcome

• Deposit protection covers up to 10% of contract value or £100,000, whichever is lesser
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• ICW GroupcoreStrategic or Co-development Partner · 30 October 2024ICW Group signed a strategic partnership with Federation of Master Builders Insurance in October 2024 to offer 10-year new home warranties, enhancing support for FMB members in the new homes market. The partnership provides members with access to ICW Group's warranty products alongside existing Build Assure offerings.
• Consumer Code for New Homes (CCNH)coreStrategic or Co-development Partner · 10 April 2017FMB Insurance became a Registered Code User of the Consumer Code for New Homes (CCNH) in 2017. CCNH is approved by the Chartered Trading Standards Institute and provides support and protection to consumers purchasing new-build homes. All developers registering with FMB Insurance are automatically registered with the Code.
• Everest Syndicate 2786coreOthersFMB Insurance switched to Everest Syndicate 2786 as their insurance partner. Everest Syndicate 2786 has an 'A+' financial rating and provides improved high-quality service and strengthened protection for customers.
• Federation of Master BuilderscoreStrategic or Co-development PartnerFMB Insurance is a wholly-owned subsidiary of the Federation of Master Builders (FMB), registered in England No. 368163. FMB is the UK's largest construction trade association, providing industry recognition, member network access, and credibility for the insurance services.
• Chartered Trading Standards Institute (CTSI)minorStrategic or Co-development PartnerConsumer Code for New Homes (which FMB Insurance is a Registered Code User of) received formal approval from CTSI's Consumer Code Approval Scheme, demonstrating commitment to raising standards and consumer protection.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• A-Plan Insurance: UK commercial and personal lines broker with van, fleet, and trades coverage. Comparable in offering multi-line UK broker services to SMEs including construction trade clients.
• Marsh Commercial: UK arm of global broker Marsh, serving mid-market and SME commercial clients including construction trades. Comparable product breadth but materially larger scale than FMB Insurance.
• Hiscox UK: UK specialist insurer and broker serving SMEs and trades with professional indemnity, liability, and commercial cover. Competes for the same small-to-mid construction business customer base as FMB Insurance but as direct writer/market.
• Lycetts: UK insurance broker with strong rural, commercial, and construction expertise. Comparable in serving construction trades and SMEs with similar product lines including commercial combined and contract works cover.
• NFU Mutual: Large UK mutual insurer/broker providing business insurance to trades, farms, and commercial clients. Comparable builder/SME coverage but at much greater scale, with its own direct distribution network.
• Howden Insurance Brokers: Large UK commercial insurance broker with a dedicated construction and builders' risk practice. Overlaps with FMB Insurance's core lines but operates at significantly greater scale and broader sector coverage.

Direct peers

• Rhino Trade Insurance: UK broker specialising in insurance for tradespeople and builders, offering public liability, employers' liability, tools, and van cover. Overlaps directly with FMB Insurance's builder-focused product catalogue.
• Tradesman Saver: UK broker providing tailored insurance for tradespeople including public liability, tools, and van cover. Competes head-on with FMB Insurance for builder/tradesman policies in the UK SME segment.
• Constructaquote.com: UK-dedicated online insurance broker for construction trades, offering builders, contractors, and tradespeople liability, contract works, and van insurance. Direct competitor to FMB Insurance in the construction-niche UK broker market.
• OneBroker Insurance: UK commercial insurance broker serving SMEs across multiple trades and professions including construction. Comparable in scale and customer mix to FMB Insurance, with a multi-carrier UK broker model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/fmbinsurance
• YouTubeyoutube.com/user/fmbuilders
• Facebookfacebook.com/fmbinsurance
• Instagraminstagram.com/federationofmasterbuilders/?hl=en

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FMB Insurance