Contract Works

Contract works insurance provides cover in respect of the works being carried out. This is a comprehensive cover and will often include tools and equipment that are hired in to carry the work out as well as items that have been bought and delivered but not installed in the building.

The reason that contract works cover is needed is because it covers the actual work that has been done prior to it being completed. For example, a householder may have full cover for his home to which he is adding an extension. The builder has completed the works to first fix stage and the property owner has paid half of the total agreed contract value. A break in occurs and all of the copper wire and plumbing is ripped out. The cost of replacing the stolen items and redoing the work would be covered by the contract works cover.

Equally, if the property burnt down through no fault of the builder or contractors working on the building a contract works policy would pay for the work that had been done to be reinstated, including all materials required to reinstate.

It is possible to extend some works in progress policies to cover contract works, or it can be bought as a standalone policy by either the contractor (contractors all risks) or the property owner.

Forms & Fact Sheets

Proposal Form for Contractors All Risks Cover

If you need a Contractors All Risks Policy to comply with a JCT, RIBA or other Joint Names Contract, please use the below form as insurers will need information regarding the existing property and its owners.

Proposal Form for Property and Works In Progress Cover