Category: Contractors Insurance

A lot of larger property projects require funding and borrowing money is fairly normal practise. Having contract works insurance in place will give lenders some comfort and can help you gain that all important funding that you need.

One of the most popular types of contract works insurance is a combined policy consisting of public and employer’s liability insurance. This includes contractors all risk insurance which covers the length of the project and the costs involved. This covers the people company owned plant and machinery and hired in plant also. Read More

Working with subcontractors to take on work outside the scope or scale of what your business can handle alone, whether it’s specialised tasks or larger projects, is far from abnormal. However, it does raise questions about insurance and liability. When you take on a subcontractor, you take on the liability for their work, but are you also covered for it? Read More

Many lenders are now asking for Contract works insurance when lending money, so the developer has full control of the insurance for the development they are working on.

So what are all of these insurances involved in property development insurance and how does it all work? Read More

This phrase is becoming more common nowadays with Lenders becoming much more careful on how they protect the money they are lending. Due to this they require their clients when doing a build to take out contract works insurance to cover the contract.

Contract Works insurance can either be taken out solely by the developer if he is going to be in charge of project managing the build, or in joint names between the developer and the building contractor. Read More

We come across on a regular basis building contractors where they tend to start branching out into more bespoke areas. Read More

This week again has seen a large increase in the amount of companies we have put on cover for scrap metal and waste insurance.

We have had a couple of different styles of risk this week. Read More

We had another case this week of what is becoming more and more common in the contractors insurance market

I had a builder call me who wanted a quote for his liability policy ….. i asked him what works he carried and and he responded with, lofts,extensions and general refurbs.

I said, great, we can help you here, how much are you paying at the moment and what are you presently covered for. Read More

Contractors All Risk Insurance covers you not only for your existing structure but also for the structure that is currently being worked on.

A standard Public Liability policy will only cover tradesman for damage caused to the third-party premises. Contractors All Risk Insurance will cover any damage caused to the building works, for example if there is an unexpected flood, storm, or fire, it will even cover for poor workmanship.

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