Builders contract works insurance is sometimes referred to as construction all risks insurance. It is a form of cover which can protect a builder and their contractors from a range of events, both human or environmental. The cover is similar in some ways to public liability insurance but has some major additional benefits.
There are few industries which are as demanding, hazardous or time sensitive as building and construction. Weather can sometimes make build schedules blow out, incurring penalties written into contracts. Committing to your company to build a structure, customers don’t make money until you are finished. Because of that, penalty clauses are common but you still need to pay your trades to complete the project.
