What is included on a policy?
A construction insurance policy is typically made up of a number of insurance covers that address the common requirements for tradesmen and businesses working in the construction sector. It can be tailored to meet your particular requirements – and also those of your clients or main contractor – but will typically include liability insurance (employers, public and product, where appropriate) as standard. The policy can also include a range of further protections – ranging from tools cover through to Legal cover.
Cover can be arranged for a wide variety of trades and provision can also be made to include more specialist covers such as Works In Progress and Latent Defects.
Construction Contractors All Risk insurance
Building sites are dangerous places. At any given time, there might be a number of trades on site, trying to get ‘their bit’ done. Contractors All Risk insurance (sometimes referred to CAR) is a specialist, non-standard policy designed for any contractor or tradesman working on a building site.
The main purpose of CAR is to protect the contractor or tradesman from costs in the event that something goes wrong during a project – effectively protection for ‘work in progress’ on the building site. This can include fire and flood risk to the work itself, as well as protection for tools and plant or machinery while on location.