This takes the form of either a:


  • 'Contractors All Risks Policy' , or an
  • 'Erection All Risks Policy'

depending on the nature of the project works.

Both cases provide an umbrella insurance package designed to cover all parties (principal, contractors and sub-contractors) involved in the project works against material damage to the works as well as third party liability exposures. Construction plant and machinery as well as damage to existing surrounding property belonging to the insured are also coverable under the policy through extensions.

The arrangement of the project insurance must always be dove-tailed with a number of other insurances held by the parties involved, such as employer’s liability, motor and professional exposures.