Contractors All Risks insurance

Contractors All Risks insurance covers

Contractors face all sorts of risks depending on their specific occupation.  In order to protect your financial viability as a tradesman or contractor, you will need insurance that addresses your unique risks.  A contractors all risks policy can cover your contractors insurance requirements which could include; contract works, public liability and employers liability.

Contract works insurance

As you work to complete a project, you cannot forget that you are working under the conditions of a contract. Contract works insurance can cover temporary and permanent works executed according to the terms of the contract. It could also cover materials which have not yet been incorporated into the work prior to the loss, as well as own and hired in plant, equipment and tools. For example, if during a project the building work that you have completed is damaged then this cover could help financially to pay for the repair of the work already completed up to the value of the contract.

Contractor liability insurance

As a contractor or tradesman, you’ll most likely be working at other people’s premises and construction sites. Therefore there is always a risk of injuring a third party or damaging their property whilst at work. You should, therefore, consider public liability insurance to protect yourself against unfortunate events that could lead to claims being brought against you. 

Contractor’s employers’ liability insurance

If you employ staff then in most cases employers’ liability insurance is a mandatory legal requirement. This cover protects you against claims for compensation following an injury sustained by any of your employees whilst at work.

Public liability insurance for contractors

As you know there are many risks associated with working on a construction site and as careful as you may be accidents do happen. Public liability insurance can protect you and your business from claims for compensation from an injured third party or someone whose property has been damaged as a result of your working activities.

Professional indemnity for contractors

Providing advice for a fee in your professional capacity comes with risk. Professional indemnity insurance can cover the legal costs, expenses and damages involved in claims made against you if your client alleges that you have given incorrect advice, provided an inadequate service or been found to be negligent in the designs you may have drawn up.

Contractors All Risks insurance for contractors

The main reason for purchasing contractors all risks insurance is to protect you and your business for the work and contracts you undertake onsite. We understand that every project is different and you’ll need flexible cover in order to protect your liabilities, tools, buildings, plant to name but a few.

Contractors all risks insurance is suitable for a variety of trades within the construction sector.  For instance:

Compare Contractors All Risks insurance quotes

We arrange insurance for many types of contractors and tradesmen.  Simply speak to one of our insurance advisors who are on hand to help you compare quotes and make the right decision for your business today.