There are different types of construction insurance available that provide coverage for contract works, property damage, third-party injuries or damage claims.
Below is a snapshot of different scenarios and the types of construction insurance available to provide financial protection.
| Scenario | Type of Insurance | What Does It Cover |
|---|---|---|
| There’s a fire on site and works completed have been destroyed. | Contract Works Contractors All Risk |
Protects the work in progress on a construction site in the event damage occurs as a result of an insured peril. |
| An independent contractor has a fall on site and this results in a serious head injury. | Public Liability Contractors All Risk |
Protects the company against potential legal costs incurred in defending the allegation |
| An employee falls while climbing a ladder and causes a serious back injury. | Employers Liability Contractors All Risk |
Protects the company against legal costs incurred in defending the allegation. |
| Damage to your equipment, during a construction project. | Own Plant Contractors All Risk |
Protects against damage to own plant and equipment whilst in your custody or control or hired out under a defined agreement. |
| Damage to the equipment hired-in occurs during a construction project. | Hired in Plant Contractors All Risk |
Protects your legal liability under the terms of your hiring agreement to pay compensation for damage to hired-in plant whilst in your custody or control |
| A product that your company imports/uses causes injury to a customer and they claim for financial compensation. | Product Liability Contractors All Risks |
Protects against legal costs incurred in defending the allegation . |
Construction Insurance specialists
If you are looking for specialist advice and access to the best construction insurance providers in the business, make an enquiry online or call us on 020 3701 0422.
