The Importance of Having the Right Contract Works Policy

As we know, construction is full of risks, and this makes it crucial to have the right contract works policy for your financial protection.

Examples of construction project risks include damage to or theft of materials and equipment, natural disasters such as storms and fires, and third-party injuries or losses.

Contract works insurance is designed to provide cover against the risks associated with civil, commercial and residential projects. It helps licensed builders and contractors meet their contractual obligations, by providing financial protection in case of loss or damage affecting the project and third-party personal injury or property loss.

No two construction projects or construction businesses are the same. For this reason, contract works policies are not ‘one-size’ but tailored to individual projects, or to several projects over the year.

To find out more, contact your local Reliance partner.