Contractors' all-risk insurance
Contractors' all-risk insurance (sometimes referred to as 'contract works insurance') is a policy that covers all risks normally associated with a construction project.
Issued commonly under the joint names of a contractor and a principal client it can protect against:
- The cost of unforeseen loss or damage to building works.
- Machinery movement.
- Public liability.
- Tools.
- Plant owned by the policy holder.
- Plant hired in.
- Business interruption.
- Equipment erection.
Cover is usually provided for the construction period but it can be extended to included the defects liability period too.
Contractors' all-risk insurance is available from a wide range of insurance providers.
[edit] Related articles on Designing Buildings
- 3D animation for insurance risk analysis.
- Business interruption cover under COVID-19.
- Collateral warranties.
- Damage caused by construction works.
- Defects liability period.
- Directors and officers insurance.
- Environmental Impairment Liability (EIL).
- Factors affecting property insurance premiums.
- Future of construction insurance.
- Insurance.
- JCT Clause 6.5.1 Insurance.
- Joint names policy.
- Making sure your builder has appropriate insurance.
- Parent company guarantee.
- Performance bond.
- Professional indemnity insurance.
- Professional Indemnity Insurance clause in conditions of engagement.
- Residual value insurance.
- Retention.
- Risk management.
- Risk register.
- Run-off cover.
- Self build insurance.
- Single project professional indemnity insurance
- Specified perils.
- Subcontractor default insurance (SDI).
[edit] External references
Featured articles
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
The role of the client and decision making
CIOB response to built environment professions call for evidence.
Construction's sustainability reporting revolution
Tracking upfront embodied carbon with digital tools.
ECA welcomes procurement reforms
Public spending must back British jobs and skills.
Campaigning for Edinburgh: the Cockburn Association 1875-2049
The role of the civic voice in protecting character. Book review.
CIOB photography competition is open for entries.
ECA Edmundson apprentice of the year award
Finalists announced.
Major new study exposes serious knowledge gaps.
Generating energy from internal light as well as sunshine.
ECA welcomes plans to strengthen subcontractor quality control.
Combining mid-career qualifications with experience broadens career opportunities.
Why being a mentor can help your career.
Channel 4 broadcaster to host 125th anniversary ceremony.
Comments
To start a discussion about this article, click 'Add a comment' above and add your thoughts to this discussion page.