Contractors' all-risk insurance
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=== Related articles on Designing Buildings Wiki === | === Related articles on Designing Buildings Wiki === | ||
| − | *3D animation for insurance risk analysis. | + | *3D animation for insurance risk analysis. |
*Collateral warranties. | *Collateral warranties. | ||
| − | |||
*Directors and officers insurance | *Directors and officers insurance | ||
*Professional indemnity insurance. | *Professional indemnity insurance. | ||
| − | *Professional Indemnity Insurance clause in conditions of engagement. | + | *Professional Indemnity Insurance clause in conditions of engagement. |
| − | *Residual value insurance. | + | *Residual value insurance. |
*Risk and risk management. | *Risk and risk management. | ||
*Risk register. | *Risk register. | ||
Revision as of 08:10, 29 December 2012
Contractors' all-risk insurance (sometimes referred to as 'contract works insurance') is a policy that covers all risks normally associated with a construction project.
Issued commonly under the joint names of a contractor and a principal client it can protect against:
- The cost of unforeseen loss or damage to building works.
- Machinery movement.
- Public liability.
- Tools.
- Plant owned by the policy holder.
- Plant hired in.
- Business interruption.
- Equipment erection.
Cover is usually provided for the construction period but it can be extended to included the defects liability period too.
Contractors' all-risk insurance is available from a wide range of insurance providers.
Find out more
Related articles on Designing Buildings Wiki
- 3D animation for insurance risk analysis.
- Collateral warranties.
- Directors and officers insurance
- Professional indemnity insurance.
- Professional Indemnity Insurance clause in conditions of engagement.
- Residual value insurance.
- Risk and risk management.
- Risk register.
- Performance bond.
- Retention.
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