What is Contract Works Insurance?
Contract Works Insurance (also known as Construction Works) provides cover for a construction project or multiple projects. It covers accidental theft and damage of contract works during construction as well as third party liabilities and compensation.
Do I need it?
If you’re a Principal, Builder or a Contractor working on construction project, then you can benefit from Contract Works Insurance.
What does it cover?
A typical Contract Works Insurance policy will provide 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,
- Delay in start-up.
How Coverforce can help
Our experienced insurance brokers can assist you with personalised risk advice and the placement of your Contract Works Insurance policy.
We understand that every property is different and has varying requirements. Different solutions can be tailored to best meet your specific risks depending on the value of your insured property and how it’s used and managed.