Contract Works Insurance provides cover for loss or damage to the contract works, during the contract period, and often during the subsequent maintenance period.

Policies can be provided on an annual blanket basis (usually up to a specified contract limit), or on a specified site basis.

Claims Examples:

Theft of Materials from Site

Fire at Site

You should be mindful that the party who is responsible for arranging the Contract Works Insurance needs to have cover in place for the full value of the works, and not simply for the outstanding payments which are due from your client.