Contract Works Insurance

A Contract Works Insurance policy contains a critical component of risk allocation under Construction Contracts. 

It is an important part of your business toolkit when you’re working on a construction site. 

Depending on your policy, Contract Works insurance can cover you for damage to your property during work being conducted by a contractor and can also cover you for damage to any item supplied by a Principal, Head Contractor and Sub-Contractors. It may also extend to cover public liability and legal expenses. 

For new building work, the contract will most likely require the builder to arrange the policy (Contractor arranged). When it is labour-only, a renovation, or work to an existing structure, then it is generally the homeowner’s responsibility to arrange the policy, to align with the same insurer (Principal arranged).

It is important to arrange insurance cover before the start of any work. Earthquake, flooding, landslip, and collapse are all perils that could considerably damage earthworks, and foundations.

Who needs it?

Commercial, industrial and domestic builders, sub-contractors and building owners.