It is an important factor and we only use insurers with A-ratings. Financial strength ratings in the insurance sector are provided by independent companies such as Standard & Poor's (S&P), AM Best & Fitch, Moody’s. For example, S&P ratings range from a 'AAA' to a 'D'. AAA is the highest possible rating.
Ratings provided by these firms are a globally recognised measure of an insurer’s financial situation and providing confidence on their ability to meet on-going policy obligations.
Your selection of a well rated insurer can be an important factor when you are tendering for contracts. Well run businesses need to protect their own reputation and will seek to only appoint contracts to contractors, whom share their values for quality and security. Consequently, they will only appoint main contractors holding insurance underwritten by Insurers meeting minimum financial strength ratings.
Main contractors in turn will require any of their own sub-contractors to meet  similar minimum insurance obligations, to ensure quality and consistent cover is in place for the protection of customers and the general public. We recommend that you carefully check all contracts you sign up to and ask if your client has any minimum insurance requirements.