Contractors All Risks

Why
The contractor is responsible for the works prior to handing over.

What
This is designed to provide " All Risks " cover on:

  • Work in progress, materials on site or in temporary storage
  • Loss or damage to your own plant and equipment
  • Contractual responsibility for hired in plant and equipment including continuing hire charges
  • A wide basis of cover subject to a limited number of terms, conditions and exclusions.

When
During the period of the contract prior to handing over.

Cost
The cost depends on:

  • the turnover of the business
  • maximum value any one contract
  • value of own plant and equipment (present value reflecting age and condition of the item)
  • hired in plant fees

There are differences in cover between insurers and a number of key points to consider when the choice is made.

For further information call us on 0115 978 6363