- Project Contract Works: This cover protects against physical loss or damage to contract works, including materials (incorporating free issue materials and re-used materials), for the entirety of the project including the rectification (maintenance) period.
- Additional Coverage Options: Clients can opt for cover for existing property, owned plant, hired plant, and employee tools and personal effects, public liability, non-negligent damage liability, delay in start up, and pool re terrorism, allowing for a customised insurance solution that meets their specific needs under one policy. Ideal for employer controlled insurance coverage, as well as contractor controlled insurance coverage.
Contract Works
- Extended maintenance
- DE4 defective design basis
- £250,000 offsite storage
- Coverage for Building Information Modelling (BIM) fees and data
- Coverage for BREEAM certification additional costs
- Automatic increases for both VAT omission and contract price increase
- Show homes, including contents (£50,000)
- Coverage for fly tipping at the contract site
Existing Property
- Where required under contract, we can cover the existing property at the contract site, under joint names.
Contractors Plant
- 1 year reinstatement as new cover for owned plant (option for 2 years)
- Coverage for installed security devices
- Coverage for lost keys
- Coverage for AI, AR and VR tools and data at contract site
- Coverage for drones and other remote-controlled equipment and data at contract site
- Coverage for the costs of remedy for solidification of additive manufacturing equipment at contract site
- Coverage for the hire of substitute plant following damage to owned plant
- Coverage whilst temporarily removed to the EU
Public Liability
- We can cover the public liability risk associated with the project on an all party basis, including court attendance costs.
Non-Negligent Damage Liability
- We can cover the damage and defence costs arising from non-negligent damage loss to third party property (collapse, subsidence, heave, vibration, weakening or removal of support, or lowering of ground water).
Delay in Start Up
- We can cover the anticipated financial loss of the commercial operation (or sale) of the enterprise that is being enabled through the contract works.
Pool Re Terrorism
- Coverage for Pool Re based terrorism risk can also be insured (for the physical damage/delay in start up risk).
- Guaranteed declaration adjustment additional premium waiving (<25% of original premium)
- Coverage for pollution clean up costs
- Coverage for fire brigade charges
- Coverage whilst on roll on/ roll off ferry