Contract works insurance (also known as ‘Construction All Risks’ insurance) provides cover for construction-related activities of a construction project or multiple projects. It covers accidental risks of physical loss, theft and damage to the contract works during construction as well as third party liabilities and compensation.

Many business owners are surprised when they find out that their typical Public and Products Liability policies actually exclude Contractual Liability cover. Furthermore, most work contracts will include specific contractual requirements which may actually inhibit your insurer from accepting a claim from you. So before you sign away on a new contract, it is important to check with us that your contract and insurance policies are speaking the same language.

Who needs it

• Builders working on a construction project;

• Sub-contractors who run their own projects on the side;

• Trades people who run their own projects;

• A project owner about to undertake a construction project

Covers that are typically included

• cover for material damage or theft of contract works;

• third party property damage;

• material damage to on-site plant and equipment and existing structures;

• third party bodily injury;

• legal liability;

• advanced loss of profits and rental;

• transit cover;

• delay in start-up.