Contracts work insurance

What is covered by a contract works policy?

Contract works insurance covers construction work that's underway, whether a new project or carrying out alterations on an existing structure.

The construction costs of repairing or redoing work in progress may be covered if the damage is caused by an insured event such as fire, flood, storm, vandalism, or theft during the period of construction.

Depending on the contract works insurance policy, cover may include building materials and equipment on site, selected tools, items in transit or storage, temporary buildings, debris removal, professional fees, demolition, and other related costs during the construction period and, where applicable, cover during a maintenance period. It may also include additional costs needed to return the works to the stage they had reached before the damage occurred.

It can benefit property owners, developers, builders and contractors. Contract works insurance can help protect building projects and construction businesses if accidental loss or damage occurs during the construction period.

Help with contract works cover

We have a team of specialist brokers who work closely with the construction industry and can advise on all aspects of contract works cover.

For more information on what this policy covers and exclusions, talk to a broker about the best options for insuring your commercial or residential building projects.