Contract works cover for your commercial risks
Contract works cover offers many protections. For example, you might be working on the development or construction of a building which suffers damage midway through the job – perhaps through fire or adverse weather. By having suitable contract works cover in place you can ensure that you receive payment for the cost of redoing work that you have previously completed.
In fact, contracts work cover should be considered as essential for working with clients who seek to make construction contractors responsible for finishing work that has been left only partly completed as a result of fire, wind or other adverse circumstances.
Although it is worth bearing in mind that contract works cover won’t provide protection against all eventualities, it can ensure protection from floods, fires, storms, heavy winds, theft and vandalism.
Calculating cost
Contract works cover should be made to measure in the sense that it should provide protection up to the value of your most extensive and most expensive project – as such you need to be able to calculate how much it would cost to redo damaged work associated with the project to ensure your existing cover is sufficient.
What can be covered?
Business and liability insurance specialists Tredstone can help you achieve appropriate contract works insurance to cover all of the following:
- On-site theft
- Fire and flood
- Destabilisation of works
- Damage to neighbouring utilities and/or properties
- Visitors – liability
- Wind and storm risks
- Water risks
Contract works cover can also apply to the materials being used in a build, extension or refurbishment. It can also provide protection for temporary site installations such as huts and porta cabins.
Tredstone – combing robust cover with stellar service
Tredstone can comprehensively cater to the insurance needs of those in the construction sector. We are dedicated to ensuring that all our clients can quickly and easily receive robust and cost-effective business liability cover that safeguards their operations.
Whether you want to update your cover, discuss your particular commercial risks or require contract works cover for a new project, we can help. Get in touch with Tredstone today.
Click on the button below to get started on the simple online form, or if you would prefer to speak to one of our team, you can call us on 0800 2315 162.