Liability & Construction
Covers the works in progress and materials on a construction site for almost any peril or loss.
Summary
Contract Works insurance covers the works in progress, materials on a construction site for almost any peril or loss, such as fire, flood, storm, malicious damage and theft.
For example, if a contractor is building an extension to a house, a Contract Works policy will insure the new works as it is being erected and the materials.
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Key benefits
Annual Covers up to £5m turnover and £5m Contract Price. (Maximum Contract Period – 18 months.)
Short Period Covers (Single Projects) up to £1m turnover and £1m Contract Price. (Maximum Contract Period – 9 months)
Additional cover
- Plant that you own
- Plant that you hire in
- Your tools
- Your employees tools
- Temporary buildings
- Existing buildings
Target Business
- General Builders
- Building Contractors
- Property Developers
- Property refurbishers
- Electricians
- Double Glazing installers
- Shopfitters
- Bricklayers
- Carpenters and joiners
- Ceiling artexers
- Plasterers
- Partitioning contractors
- Dry lining firms
- Floor and wall tilers
- …and just about anybody else in the construction industry which is involved in new work and wishes to insure the work in progress plus the materials and fittings