What it covers
- Builder's risk for the project while under construction
- Materials on site and in transit to site
- Contractors' equipment and tools
- Project wrap-up liability for all parties
- Machinery breakdown on completed plant
Who it's for
- General contractors and trades
- Property developers and owners
- Engineering firms
- Equipment rental companies
Good to know
Builder's risk
Also called course of construction or contractors' all risks. Covers the works until handover.
Wrap-up liability
One liability policy covering everyone working on a project.
Bonds
Surety bonds guarantee performance and are often required alongside insurance.
Usually not covered
- Faulty design and workmanship itself
- Wear, tear and gradual deterioration
- Penalties for late completion
- Existing structures, unless added
Related cover
Many clients combine policies so there are no gaps between them.
Every policy has its own terms, limits and exclusions, set by the insurer. We explain them in plain language before you buy.
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