Contractors’ All-Risk Insurance
Contractors’ all-risk insurance provides comprehensive coverage tailored to meet the needs of construction companies. This flexible insurance can cover various aspects, including public liability, contract works, employers’ liability, owned and hired-in plant, product liability, and JCT insurance. By working with a specialist construction insurance broker, your business can ensure it has the appropriate policies in place, with expert guidance through the process.
What’s Included in a Contractors’ All-Risk Policy?
Contract Works:
This coverage protects against damage to the ongoing construction work. While it does not cover existing structures (which are typically the property owner’s responsibility), it ensures protection for any loss or damage to materials and property involved in the contract works.
Hired-In Plant:
Hired-in plant insurance covers damage to equipment that your business has rented for construction projects, offering peace of mind for any incidents that may occur.
Owned Plant:
This covers damage to equipment and machinery that your business owns, ensuring they are protected while being used in construction activities.
Employee Tools:
This protection includes coverage for damage to tools and equipment belonging to your employees or subcontractors. Coverage can vary, so it’s crucial to secure the level of protection that meets your business’s needs.
Employers’ Liability:
Legally required, this coverage protects your business if an employee suffers an injury or illness while working. It’s essential to have this in place to comply with legal obligations.
Public & Product Liability:
Public liability protects your business in the event that your employees cause injury or damage to a third party or their property during construction activities. Product liability may also be included to cover damages caused by products you supply.
