Construction All Risk insurance

Comprehensive cover from a trusted broker

Construction sites are, by nature, high-risk areas. Developers and contractors are faced with a myriad of risks that can financially cripple a project – and, possibly, one or more of the companies involved. When problems do arise, they can bring negative knock-on effects and additional liabilities. 

Sub-contracting of various specialised works can create other contractual problems, liability claims and court proceedings. 

Use an experienced broker to get you the right cover that will respond when you need it most.  We will help you conduct contract reviews and ensure that the insurances we arrange are effective.

What is Construction All Risk insurance?

It’s called ‘all risk’ because that's what it intends to cover. Policies are worded to provide peace of mind around the enormous risks construction companies and contractors face. On top of losses or damages to the contract works caused by various factors, Construction All Risk policies also cover legal liability for injury to third parties or damage to third party property.

What we do

Construction and contractors' risks are increasingly complex but your experience of insurance doesn’t need to be. Our teams are committed to making business simple and will work with you to create the products and services you need.

We’re not here to provide ‘cookie cutter’ cover. You won’t find any ‘jack-of-all-trades’ on our team. When we design your policy, we’ll pull from a wide range of cover to make sure that your policy comprehensively covers the risks you face, without you having to pay for cover that you don’t require.

Typically, we make sure that a builders’ all risks insurance policy wording contains a combination of cover around the following elements:

Contract works
A form of property insurance that covers structures and materials associated with the job in the event of damage. 

Professional fees
Covers the cost of consultants, for example architects or surveyors, required to help rectify damage to the contract works. 

Third-party liability
Protects you against claims made in the event of accidents or damage to property.

Environmental liability
If you have an accident that pollutes land, air or water, or harms natural resources and/or biodiversity, the clean up can land you with a huge bill. Environmental liability insurance is there to cover the costs of restoring the equilibrium. 

Latent defects
Typically used by property developers and building contractors, to protect them against damage caused by defective design or workmanship that is undiscovered until later. Latent defects insurance covers costs associated with remedial work. The policy can be used up to 12 years after the job’s completion.

Construction professional indemnity
Construction professional indemnity protects you from claims made in the event of negligent work, giving poor advice or errors and omissions. W can build you a bespoke package to meet your needs precisely. 

Delay in Start-Up (DSU) 
A bolt on to the standard all risk cover: sometimes called “advanced loss in profits insurance”, delay in start up insurance protects against loss of revenue resulting from damage to works and structures that causes a delay in completing the project. 

Non-damage delays 
With a no-damage-for-delay clause, primary contractors can find themselves liable to pay damages to subcontractors if the project is delayed. A ‘no damage delays’ clause transfers this risk (under certain conditions; delaying on purpose is excluded).
 

Policies are available on a project or blanket basis.  

A project policy covers you for the duration of the project including the contractual defects liability period. A blanket policy covers an agreed profile of projects declared within a pre-agreed declaration period.

No matter what you need, we can customise a package to suit your requirements.