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This insurance is an essential upgrade to a Public Liability or Employers Liability Policy for any building contractor or developer and provides protection against the loss of or any physical damage to a construction project or site, including damage to the actual building or extension under construction and/or any plant, materials and machinery that are on site for the purpose of the construction.
The Policy will provide cover for loss or damage to:
Limits of Indemnity start at £10,000 (for the actual contract works) and go up to £250,000, for building contractors undertaking larger builds.
The Policy will not cover builds that were originally scheduled to be longer than 2 years or with a contract value exceeding £2M.
Below are come examples of scenarios that could be covered under a Contractors All Risks Policy:
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Our team of experts are available to talk to Mon-Fri 08.30-17.30 and Sat 10.00-14.00