Contract works insurance policy
Most insurance contracts are indemnity contracts. Indemnity contracts apply to insurances where the loss suffered can be measured in terms of money. Contract Works is an ‘all risk’ policy designed to protect a contract during construction. The policy encompasses two sections of cover, Material Damage and Liability. The policy is available in two forms, Single Project or on an Annual basis. The Single Project policy will provide cover for a specific project, with the annual policy covering all