Builders Contract Works Insurance Explained

13 Jul 2021

If you run, own or manage a construction site, then Builders Contract Works Insurance is vital for protecting your business. 

What Is Contract Works Insurance?

Contract works insurance will cover any building work for loss or damage during construction. It generally covers damage caused by theft, malicious damage, wind, storms, floods, cyclones, landslides, fires and earthquakes. 

Contract works insurance covers the construction-related activities of a project, all wrapped up in one policy. Covered parties can include the project owner, general contractor, subcontractor, and materials and equipment suppliers. 

Policies can include cover for material damage on the site, and can also include Public and Products Liability for third-party property damage or injury. Additional coverage can also be included for plant, equipment and tools. 

There are two main types of contract works insurance policies:

What Can It Cover?

Contract works insurance can cover: 

Who Needs Contract Work Insurance?

Builders have traditionally been the main occupation that takes out a contract works insurance policy. The requirements of this cover have now spread out to include:

Contract Work is a complex area of insurance, best left up to the experts. 

Since 2006, our team at Tradesure has been developing a specialty in the area of Builder’s Contract Works Insurance. We’ve negotiated keener premiums and are looking at ways to offer additional discounts to your construction insurance policy.

Contact us today for a free no obligation quote where you can ask questions and seek a clearer understanding of how Tradesure’s Construction Insurance may better suit you and your work. 

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