Contract Works Insurance provides cover against risks associated with civil, commercial and residential construction projects, designed to assist Licensed Builders and Contractors to meet their contractual obligations to insure a building project and the materials on-site against loss or damage.
Contract Works Insurance usually covers:
Loss or Damage to the insured construction project
Loss or Damage to third party property
Personal Injury to a third party person.
Prelis specialise in Contract Works Insurance. We have access to a range of specialist insurance policies from leading insurers to cover the range of risks and assets that are part of a construction site. Contract works insurance covers loss and damage to a building project such as from: storms, fires, earthquakes, water damage, malicious damage or theft.
We can arrange cover for:
Annual and job-specific policies for licenced builders for any sized project
Extensions to your annual contract works policy to include cover for your tools if they are damaged or stolen
Your clients’ existing structure to your policy if needed when carrying out extensions or renovations to their home
Public Liability policies that provide cover for property damage and personal injury claims for which you are legally liable
A good Contract Works Insurance policy should also provide cover for the costs of demolition, removal of debris and other fees associated with restoring the site to a workable state. Some Contract Works Insurance policies also include cover for tools utilised on site plus hired in plant and other mobile equipment.
Our experienced team can help you get the right insurance cover by assessing your specific needs and recommending the best value insurance solution whilst still maintaining the highest standard of cover.
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The information is not intended to be advice and should not be relied upon as advice. You should always read your product policy wording carefully before making any insurance decisions.