Contractor's All Risk Insurance or Contract Works Insurance

Contract works or contractors all risk Insurance is specially designed for the construction industry. This cover is there to protect against the cost of unforeseen loss or damage to Building works. Contractors All risk Insurance will include the Contracts itself and also Owned Plant, Hired in Plant and Employees Tools.

This is designed to insure the contract - works in progress is covered should you need to start from scratch. This will not cover the existing part of the property as this should already be Insured by the property’s owner.

Imagine you had a £65,000 contract, building an extension on an existing property and the premises was not quite completed and disaster strikes and it catches fire – Contractors all risks Insurance will provide cover for you to re-start the contract.

This policy is extremely useful for consulting engineers, architects and financiers because it contributes to reducing the overall construction expenses and at the same time offers efficient financial protection for all parties concerned.