Contract Works insurance covers the works themselves and in general ‘new works and/or the materials’.

If this cover type is being considered for purchase, it is more than likely that there is a Contractors Combined policy in place. Whilst Contract Works insurance can be purchased in isolation, it would certainly be a good idea to investigate if the existing policy can be extended to accommodate additional requirements.

In the event that the relevant contract motivating an interest in this cover type is complex, a policy in isolation may well work out to be the most applicable cover solution.

A Contract Works policy will cover the works but not the existing structure. Generally, in the event that anything happens to ‘new works and/or the materials’ before completion, the contractor will be held responsible. This situation will of course be dependent upon contractual obligations and agreements arranged prior to the commencement of works.

Standard cover items under a Contract Works policy will include:

  • Theft
  • Storm
  • Flood
  • Fire

In addition, the following simple policy extensions can be included:

  • Owned machinery, plant and temporary site huts
  • Hired in plant and machinery
  • Employees’ equipment (hand tools)

Beyond the above, there are many more technical cover extensions that can be incorporated within a Contract Works policy.

It may be that such extensions will need to be written into the policy on a full time basis to compliment the average contract offered. However, a specific extension may be required on a one off basis to satisfy an individual contract which is being tendered. The safest way to make certain that contractual obligations are complied with is to provide us with a copy of the contract to ensure that the terms provided are appropriate.

    IMPORTANT: Please complete this application as fully as possible and return it to Consort Insurance, together with any relevant plans, Schedules of Condition or other supporting documents.

    JCT clause 21.2.1 (or equivalent) insurance

    Section 1 - General details

    :
    £
    £

    Section 2 - Existing property

    If the existing property is being completely demolished or the contract site has already been cleared, please proceed to SECTION 3. Otherwise, please answer the questions below:

    YesNo
    YesNo

    Section 3 - Surrounding property

    Please give a description of all surrounding property not forming part of the Contract Works:

    YesNo
    If Yes, please forward a copy of this to
    dahlia.osuoha@consortinsurance.com
    YesNo

    Section 4 - Construction and extensions

    Please complete DEMOLITION Section if applicable (where such demolition forms part of a contract for erection, reconstruction, alteration or repair by the insured):

    Demolition

    YesNo
    YesNo
    YesNo
    YesNo
    YesNo
    YesNo
    YesNo

    Section 5 - Declaration

    The undersigned declares on behalf of all parties proposing for insurance that to the best of his/her knowledge and belief, the statements provided herein are true and complete and all material facts or circumstances have been fully disclosed. The undersigned declares and agrees that the proposal form together with any other information supplied shall form the basis of any subsequent contract of insurance and undertakes to inform the insurer of any material alteration to those facts occurring before completion of the contract of insurance.