1. Commercial Defects
2. Commercial Motor
3. Contract Works
4. Marine Transit
5. Plant & Equipment
6. Professional Indemnity
7. Third Party Liability

Contract Works

Contract works insurance provides coverage for physical loss or damage to the works.

The policy provides indemnity for the insured parties which should reflect the complexities of the contract entered into. This specifically should include the contractor, the principal, sub-contractors, financiers and other parties to the contract.

The contract works insurance should also feature coverage for the following items:

• professional fees
• debris removal
• coverage for public authorities
• air freight and other charges
• inland transit
• off-site storage
• plans, documents and data

The contract works policy should also include an escalation provision normally set around 15 per cent to provide protection in the event that the estimated contract value is exceeded as and when the project is developed.