As we know, construction is full of risks, and this makes it crucial to have the right contract works policy for your financial protection.
Examples of construction project risks include damage to or theft of materials and equipment, natural disasters such as storms and fires, and third-party injuries or losses.
Contract works insurance is designed to provide cover against the risks associated with civil, commercial and residential projects. It helps licensed builders and contractors meet their contractual obligations, by providing financial protection in case of loss or damage affecting the project and third-party personal injury or property loss.
No two construction projects or construction businesses are the same. For this reason, contract works policies are not ‘one-size’ but tailored to individual projects, or to several projects over the year.
The information provided is for general information purposes only, and it is not a substitute for professional advice. You should always consider the PDS/Policy wording before making a decision. Coverage may differ based on specific clauses in individual policies
The Importance of Having the Right Contract Works Policy
As we know, construction is full of risks, and this makes it crucial to have the right contract works policy for your financial protection.
Examples of construction project risks include damage to or theft of materials and equipment, natural disasters such as storms and fires, and third-party injuries or losses.
Contract works insurance is designed to provide cover against the risks associated with civil, commercial and residential projects. It helps licensed builders and contractors meet their contractual obligations, by providing financial protection in case of loss or damage affecting the project and third-party personal injury or property loss.
No two construction projects or construction businesses are the same. For this reason, contract works policies are not ‘one-size’ but tailored to individual projects, or to several projects over the year.
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Disclaimer:
The information provided is for general information purposes only, and it is not a substitute for professional advice. You should always consider the PDS/Policy wording before making a decision. Coverage may differ based on specific clauses in individual policies