BAA said the move would mean that, rather than the suppliers and contractors on Terminal 5 getting their own insurance, BAA would draw it all together.
“It’s consistent with our partnering approach, and it’s cost-effective,” it said.
Sir John Egan, former chairman of the strategic forum and chief executive of BAA, welcomed the move, which he recommended in his Accelerating Change report, the follow up to Rethinking Construction published in September.
He said: “I’m hoping that fully integrated team planning will encourage the insurance industry to insure the product.”
Zara Lamont, chief executive of the Confederation of Construction Clients, backed the decision. She said: “The key will be to demonstrate to insurers that an integrated team works.”