Contract works insurance covers construction work that’s in progress on a building site. You will need it if you have any client contracts that make you responsible for partly-completed work.
For example, you’re midway through building an extension when a fire sweeps through the construction site. Your contract works insurance could cover the cost of redoing the work that’s been damaged by the fire.
For A Conversation About Your Insurance Requirements
Please Call Us On 0203 475 3344
Contract works insurance covers construction work that’s in progress on a building site. You will need it if you have any client contracts that make you responsible for partly-completed work.
For example, you’re midway through building an extension when a fire sweeps through the construction site. Your contract works insurance could cover the cost of redoing the work that’s been damaged by the fire.
Your contract works insurance can’t cover all risks – it won’t cover damage caused by terrorism, for example – but it will usually cover risks like fire, flood, storm, vandalism and theft.
When you buy contract works insurance you need to choose a cover level that matches the total cost of your largest project. You need to think about what it would cost to redo the work from scratch, including labour and materials.
