What is contract works insurance?
Designed for builders and other tradesmen who might work on a construction site, contract insurance covers all the work you’re carrying out on site. The policy is designed to protect your work from all manners of unforeseen mishaps including fire, flood, storm, vandalism, or even theft. This keeps your business safe from footing the bill after an accident or natural disaster, and ensures that you can carry on your work as smoothly as possible, letting things run on schedule and keeping your clients happy.
Why do you need contract works insurance?
Working on a construction site can be stressful as it is. With so many things to consider and keep on schedule, it can be a minefield just seeing a project through to completion. But imagine on top of all that stress, that a fire were to break out and ruin all the hard work you’d spent months on. How would you carry on when your client refuses to pay again for an accident that wasn’t their fault? This is where contract insurance can be a godsend, giving you financial cover for any accidents where you or your team aren’t to blame.
Our contract works insurance can only be bought as part of one of our public liability policies, and cannot be sold separately.
Tradesman Saver’s Contract Works Insurance
Our standard cover is:
- Up to £5 million cover for public and products liability
- £10,000 cover for any financial loss (£50K cover optional)
- Worldwide liability cover for temporary work abroad for up to 14 days (excluding the USA and Canada)
There are many different policies which would benefit a contract works business, and public liability insurance is one of the most significant. This protects you if your work ends up damaging a client’s property, or causing injury to a client or member of the public. For example, you may need to pay compensation if a client hurts themselves after tripping over your tools, or you accidentally damage a customer’s carpet with your muddy work boots. Claims like these can cost a small fortune but having public liability cover means you won’t be responsible for paying any of the resulting expenses. You can purchase this as part of our automatic package, which also covers you for financial loss, legal expenses, and more.
Other relevant insurance policies for a contract works business include employer’s liability, which is a legal requirement for anybody who employs staff, and professional indemnity insurance. Here at Tradesman Saver, we have all the insurance coverage you may need as a contract worker, and the cost can be worked out via our online form below.
Online & Anywhere
We like to keep things simple. Your quote, purchase and documents are all available online, anytime.
No need to wait for your documents. Our tradesman cover starts from the moment you purchase.
Public liability, products liability, financial loss, legal expenses and accidental death cover as standard.
Cashflow is important to every business. Spread the cost by paying in easy monthly instalments.
What does contract works insurance include?
We offer varying levels of contract insurance cover to suit the highest value of what you might be working on, from £50,000 to £500,000. Our cover includes:
- Construction plant, tools, & equipment starting from £5,000 up to £75,000
- Your own plant value starting from £5,000 up to £25,000
- Temporary buildings starting from £5,000 up to £20,000
- Hired-in plant annual fees starting from £2,500 up to £50,000
- Hired-in plant value of up to £50,000 for any one item
The maximum contract period for our contract works policy is 12 months, with a maximum maintenance guarantee period of 12 months. If you require cover higher than the above limits, please contact us directly and we will be more than happy to arrange the cover you need.
Please note, contract works insurance doesn’t cover the existing structure that is already on site. For example, if you were building an extension and there was a fire at the property, your policy would cover the cost of repairing the extension in progress, but not any damage to the rest of the house—this would need to be covered by your customer’s home insurance.
Contract Works Insurance: Frequently Asked Questions
What does contract works insurance cover?
A contract insurance policy from Tradesman Saver will automatically cover public liability insurance, financial loss, products liability, legal expenses and accidental death. Our optional extras include employer’s liability, tools and equipment, contractors all risk, business contents, income protection, personal accident cover, and professional indemnity.
What contract works limits can I choose from?
We have various levels of cover from £50,000 to £500,000. Should you require any more than this, please contact us directly to arrange your cover.
What are the contract works limits that I can choose from?
We have various levels of cover from £50,000 to £500,000. Should you require any more cover than this, please contact us directly to arrange your cover.
Does contract works insurance cover continuing hiring charges?
Yes, we will. The maximum we’ll pay is the equivalent to 90 days’ worth of hiring charges.
What is the maximum contract period under the policy?
Our maximum contract period is 12 months. Should your contract last longer than 12 months, please contact us directly and we’ll be able to arrange the cover you need.
Contract Works Insurance
Fantastic and very quick thank you
quick easy to set up and good value- was recommended by another tradesman
Easy to get quote & pay, which was good,hopefully won’t find out if they are any good at claims