Construction Insurance

Public & Products Liability Insurance for builders provides cover for injuries to other contractors working on the site during the construction (public liability), as well as damage to property which was built or completed once they have left the site.

This type of insurance package is standard for the building and construction industry. Many head contractors, principals and financiers require this Contract Works Insurance to be in place before starting on-site.

This insurance is specifically designed to limit your financial risk relating to personal injury, accidental loss or damage happening on-site. You can also be insured for loss or damage caused by your contractors or subcontractors while working at the site. In addition, once you leave the site, personal injury or property damage arising from the completed works are also covered.

The cost of taking out Contract Works Insurance varies depending on:

• the type of work
• whether it is on or near water
• if it involves plumbing, roofing, or a high-rise building
• prior claims
• length of the project
• defects liability period
• total sum insured
• if it is a one-off project or the building is doing these throughout the year.