Competitive Contract Works Insurance
Looking for cheaper contract works insurance? Let us compare our markets to find the contract works insurance policy that’s right for you. To find out more, call us today on 01482 434343 or request a callback and let our award-winning team help you get the cover you need
Contract Works Insurance, Backed By ‘Exceptional’ Service
Looking for cheaper contract works insurance? Let us compare our markets to find the contract works insurance policy that’s right for you. As one of the UK’s leading construction insurance specialists, we can help you get the comprehensive cover you need to protect your development, site, materials and tools. To find out more, call us today on 01482 434343 or request a callback and let our award-winning team help you get the cover you need
Call us today on 0800 977 6037 and let our award-winning team help you.
Call us today on 0800 966 6037 and let our award-winning team help you.
Why choose Coversure for your Contract Works Insurance?
Our award-winning team is rated as ‘Exceptional’ by feefo, and with over 50 years of contractors all-risks insurance experience, you can rest assured you’re in safe hands. As an independent broker, we’re not tied to any one insurer, and we’ll compare the market to find you great cover for a price. To find out more, call us free on 01482 434343 or start your contract works insurance quote today.
Why choose Coversure for your Contract Works Insurance?
Our award-winning team is rated as ‘Exceptional’ by feefo, and with over 50 years of contract works insurance experience, you can rest assured you’re in safe hands. Being independent, we can put your needs first, and we’ll compare the market to find you great cover for a great value premium.
What is Contract Works Insurance?
What is Contract Works Insurance?
Contract works insurance, also known as contractors’ all-risks insurance, protects building contractors against accidental losses, damage, or destruction of the work in progress on a building site. Whether it’s building a new property, renovating or extending an existing one, if the work should be accidentally damaged or even demolished while work is being carried out, then the contractor is potentially financially liable to cover the costs of repair or restoration. Contractors’ all-risk insurance often provides cover for the cost of the additional labour and materials required to put the structure back into the state it was before the damage occurred.
What does Contract Works Insurance cover?
While a policy can be tailored to meet the specific needs of your business/the job you are working on, common covers include:
The cost of repairing building work on a construction site following damage
If you choose all-risks contract works insurance, it means you don’t need to name the insured items for them to be covered under the policy, and can protect the site/building from risks such as fire, flood, storm, vandalism and theft
Contract works insurance can be extended to accidental damage to on-site materials, owned and hired-in plant, equipment, tools and personal items
Accidental loss, destruction, or damage to materials
Delay in start-up costs
Damage to existing structures on the site
Advanced loss of profits
What does Contract Works Insurance cover?
While a policy can be tailored to meet the specific needs of your business/the job you are working on, common covers include:
The cost of repairing building work on a construction site following damage
Protection for the site/building from risks such as fire, flood, storm, vandalism and theft
Cover for accidental damage to on-site materials, owned and hired-in plant, equipment, tools and personal items
Accidental loss, destruction, or damage to materials
Costs associated with delays in start-up
Damage to existing buildings on the site
Advance loss of profits
Call us today on 0800 977 6037 and let our award-winning team help you
Who Needs Contract Works Insurance?
The short answer is anyone working on a building site or a building firm working on a construction site would be well-advised to have contract works insurance in place. Specific examples of people who should have it include:
Construction Firms
All shapes and sizes, from those doing residential developments to larger industrial and civil engineering projects.
Building Firms
Whether a one-man builder or a small to medium building contractor we can arrange insurance for you including alterations and repairs through to new builds.
property developers
As a property developer, it’s likely that you’ll be the one paying for the development/bearing the financial risks, so having contractors’ all-risks insurance in place makes a lot of sense.
tradesmen
Including bricklayers, carpenters, roofers, general builders, electricians, plumbers and groundworkers.
Sub-contracted construction firms
Sub-contractor of all kinds are vital to the construction industry, both labour only or bona fide and may be direct or via an employment agency requiring additional cover all of which we can help with.
How much does
Contract Works Insurance cost?
At Coversure we don’t believe in one-size-fits-all solutions for our clients. Instead, we’ll get to know your needs and create a package of cover that fits your requirements. What we can say is that your contract works insurance will depend on things such as…
The type of work you are carrying out
The scale of the project – a multi-million-pound development will cost more to insure than putting up a conservatory
The total cost of the project – including the cost of labour and materials
Whether you want to buy it as a stand-alone policy – or combine it with public liability, employers’ liability, tools, hired in plant insurance, or as part of a construction insurance policy
Your claims history
The building’s construction – timber-framed properties, commercial, retail, and industrial jobs will usually cost more to cover
The duration of the work – the longer the project, the greater the chance of a claim
If the site is at risk from flooding or other severe weather events
The level of security on the site
Why do you need Contract Works Inurance?
This is a question we get asked a lot as it’s not the most obvious/transparent of policies. You read our explanation as to why you need contractors’ all-risks insurance below.
You need contract works insurance as It protect a contractor’s financial interests regarding building works. Often policies are taken out in joint names – say between a homeowner and a contractor – so both are covered in the event of a claim. If you’d like some advice or a contract works insurance quote, then please call us on 01482 434343 or request a callback. We can give you all the help you need and can compare our markets to find you the cover you require.
How much does Contract Works Insurance cost?
At Coversure, we don’t believe in one-size-fits-all solutions for our clients. Instead, we’ll get to know your business’s needs and create a package of cover that fits your requirements. What we can say is that your contract works insurance quote will depend on things such as…
The type of work you’re doing
The size of the project
Total cost of the project
The materials being used – timber or non-standard materials can cost more to cover
Your claims history
The duration of the works
Your level of no claims bonus
If the site is at risk of flooding
The levels of security on site
Committed to finding you the protection you need
If you’d like some independent advice or an insurance quote, please call us on 01482 434343
Committed to finding you the protection you need
If you’d like some independent advice or an insurance quote, please call us on 01482 434343
Insurance specialists for business, property and motor
Local service – online, by phone, or in person
Help and advice to ensure you’re protected
Frequently Asked Questions
Contract works insurance is a complex area of cover, and you’re likely to have questions about it. To help you get the answers and the protection you need, here are our contractors’ all-risks insurance frequently asked questions. We hope they’ll be of use, but if you’d like some personalised, independent help, please get in touch with us on 01482 434343 or request a callback. Our team of specialists will be happy to talk you through the options to ensure you get the protection that’s right for you.
Contract works insurance, also known as contractors’ all-risks insurance, protects building contractors against accidental losses, damage, or destruction of the work in progress on a building site
No, but given the risks you run and the potential payout size, it’s well worth having it in place
Your contract works insurance sum insured should be the total cost of your biggest project, including materials and labour. It is important to get this right to avoid underinsurance and being left out of pocket should something go wrong
Anyone working on a building site or a building firm working on a construction site would be well-advised to have contract works insurance in place
There are several ways you can potentially save on contract works insurance. Use an independent insurance broker that specialises in construction insurance, secure the site, undertake regular risk assessments, and accurately estimate the value of materials, tools, buildings, etc., so you don’t end up overpaying
Contractors’ all-risk insurance policy will always include contract works insurance. The two separate terms commonly mean the same insurance cover, however, contractors’ all-risk insurance can also include additional construction insurance
Getting a quote is easy. You can get your contract works insurance quote here, call us on 01482 434343 or request a callback, and one of the team will be happy to give you all the help you need
