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 Wiki
- 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 and news
The 25 most read articles on DB for 2024
Design portion to procurement route and all between.
The act of preservation may sometimes be futile.
Twas the site before Christmas...
A rhyme for the industry and a thankyou to our supporters.
Plumbing and heating systems in schools
New apprentice pay rates coming into effect in the new year
Addressing the impact of recent national minimum wage changes.
EBSSA support for the new industry competence structure
The Engineering and Building Services Skills Authority, in working group 2.
Notes from BSRIA Sustainable Futures briefing
From carbon down to the all important customer: Redefining Retrofit for Net Zero Living.
Principal Designer: A New Opportunity for Architects
ACA launches a Principal Designer Register for architects.
A new government plan for housing and nature recovery
Exploring a new housing and infrastructure nature recovery framework.
Leveraging technology to enhance prospects for students
A case study on the significance of the Autodesk Revit certification.
Fundamental Review of Building Regulations Guidance
Announced during commons debate on the Grenfell Inquiry Phase 2 report.
CIAT responds to the updated National Planning Policy Framework
With key changes in the revised NPPF outlined.
Councils and communities highlighted for delivery of common-sense housing in planning overhaul
As government follows up with mandatory housing targets.
Comments
To start a discussion about this article, click 'Add a comment' above and add your thoughts to this discussion page.