Contract Works Insurance (also known as contractors all risks) covers temporary and permanent construction works plus materials should they be damaged or the materials stolen prior to completion.
Contract Works can be used to cover new builds, refurbishments, repairs or extensions.
The policy can be taken in the name of the contractor, the property owner or in joint names dependent upon the wording of the contract.
Most commonly Contract Works insurance is written on an annual policy covering all projects but it is also available to cover just a single project.
Contract Works insurance can be extended to include cover for such things as plant, hired plant, site huts, show homes and tools.
