Contract Works Insurance provides cover against risks associated with civil, commercial and residential construction projects. They are designed to assist builders and contractors to meet their contractual obligations of standard Construction Contracts.
Construction Works insurance can be arranged by the project principal or head contractor.
Irrespective of who arranges the cover, the policy automatically extends to include the Head Contractor, Principal, Sub-Contractors, Financiers and other interested parties which meet the definition of the Insured.
Contract works/construction policies cover both material damage and public liability which means it will cover perils such as fire, storm and malicious damage along with the liability risk of bodily injury or property damage while contract works are being undertaken.
If you are in the commercial construction or domestic building industry, or are involved in any sizeable site projects greater than a single day, you should consider Contract Works Insurance to protect your works while under construction.
The team at Ascot Insurance Group are experienced in helping building professionals in the Residential, Commercial, Industrial, Infrastructure sectors place a well-considered and comprehensive Construction Works insurance policy. Contact us today for a chat.