Contractors all risks or Contract Works insurance is a specially designed policy for builders and other trades working at a contract site and can be either in your name or a joint policy with the contractor depending on the terms of the intended contract.
The main section of the policy is the contract works section providing cover for the scope of works ie an extension or new premises. Cover for the pre-existing property is excluded and must continue to be insured under its own building insurance policy. Unlike some other insurance brokers we are able to offer terms for the pre existing structure if the property is vacant or occupied whilst the works are undertaken.
The policy can be extended to cover Hired in plant, Liabilities and tools as required.