Contract Works insurance provides cover against loss or damage to the actual contract works and all materials whilst in transit or on site. Contract Works insurance is sometimes referred to as “Builders All Risks Insurance” or “Construction” insurance.
Contract Works Insurance is commonly taken out to insure the construction of new buildings or alterations/renovations to existing buildings, from start to completion, although the insurance can also cover civil engineering risks, and the installation and commissioning of new plant and machinery.
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