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Contractors All Risks (up to £3m)
 
For information on how we use your personal data please refer to our Privacy Notice.
Agent Details

Instructions to NFU Mutual Agent; please complete the following details:

NFU Mutual Agency Code *
NFU Mutual Agent Name  *
NFU Mutual Email Address *
NFU Mutual Telephone *
Client Payment Method *
Type of Business *
iFaces Ref *

Important Notice– Please ensure your clients are informed and understand the information below.

In seeking a quotation and/or binding cover via this portal you are agreeing that you will have served the client all relevant regulatory documents.

Fair Representation of the Risk

The information provided here must make a fair presentation of the risk, in accordance with Section 3 of the Insurance Act 2015.
To Summarise, you must:
a) Tell us about every material circumstance which you know or ought to know. Failing that, you must give us sufficient information to make us aware that we need to make further enquiries in order to reveal material circumstances. Information is material if it would influence the judgement of a prudent insurer as to whether to accept the risk, or the terms of the insurance (including premium);
b) Disclose information in a reasonably clear and accessible way; and
c) Ensure that every material representation of fact is substantially correct, and that every material representation of expectation or belief is made in good faith.

For the purposes of the above, you are expected to know the following:
a) If you are an individual, what is known to the individual and anybody who is responsible for arranging his or her insurance.
b) If you are not an individual, what is known to anybody who is part of your senior management; or anybody who is responsible for arranging your insurance.
c) Whether you are an individual or not, what should reasonably have been revealed by a reasonable search of information available to you. The information may be held within your organisation, or by any third party (including but not limited to subsidiaries, affiliates, the broker, or any other person who will be covered under the insurance). If you are insuring subsidiaries, affiliates or other parties, we expect that the Insured will have included them in its enquiries, and that you will inform us if you have not done so. The reasonable search may be conducted by making enquiries or by any other means.


Completion of this form is required by us as part of your duty of fair presentation.

Insurers may cancel cover and/or refuse to pay any claims if the facts provided in this form are incorrect.

Arthur J. Gallagher Insurance Brokers Limited, Arthur J. Gallagher (UK) Limited and their affiliates and subsidiaries "we" or "us" or "Gallagher" collect and process data about individuals. We are insurance intermediaries and part of the Arthur J. Gallagher global group of companies. The Gallagher group company which provides the insurance intermediary service offered to you is primarily responsible for the personal data collected in relation to that service. Information on the Gallagher group companies and their services is available here . We collect and process information about you in order to arrange insurance policies and to process claims. Your information is also used for business purposes such as fraud prevention and detection and financial management. This may involve sharing your information with third parties such as insurers, reinsurers, other brokers, claims handlers, loss adjusters, credit reference agencies, service providers, professional advisors, our regulators, police and government agencies or fraud prevention agencies. We may record telephone calls to help us monitor and improve the service we provide. For further information on how your information is used and your rights in relation to your information please see our privacy notice at https://www.ajginternational.com/Privacy-Policy/. If you are providing personal data of another individual to us, you must tell them you are providing their information to us and show them a copy of this notice.

Proposer Details
Proposer(s) full legal trading name and names of any Subsidiaries to be included *
A business must have a legally recognised title and identity to enter into a contract. This can include the legal registered name of the business as well as any trading names which they might use.
Proposer Contact Name *
The name of the person who should be contacted to discuss matters relating to this insurance.
Proposer Contact Tel No. *
The telephone number on which the person to be contacted can be reached.
Business establishment date *
Date cannot be greater than today.
Address search
Please enter the post code, or part of the address, or the company name, and then pick the correct entry from the list provided. Once you have done so, the post code will remain in this field.
Registered Address *
The address at which the legal entity is registered and if necessary, to which any correspondence should be sent.
Is the Trading Address different from above address? *
If the business trades from a different address from the Registered Address please complete details of the trading address.
Address search
Please enter the post code, or part of the address, or the company name, and then pick the correct entry from the list provided. Once you have done so, the post code will remain in this field.
Trading address *
Business Description *
A description of the activities in which the business engages and the nature and type of goods, products or services sold, received, supplied, installed or available.
Previous Insurance Information
Are you presently insured? *
Is the proposed risk currently insured and if so which Insurer provides the cover and when does the cover fall due for renewal?
Present Insurer's name *
Expiry Date *
Has any Insurer ever declined a proposal, cancelled or refused to renew your policy, or required special terms and conditions? *
This is specific material information which must be disclosed as it will affect an Underwriters assessment of the risk proposed and could void a policy.
Please provide details *
Have you or any of your business partners or directors ever been convicted or charged (but not yet tried) with a criminal offence other than motoring? Spent convictions do not need to be disclosed under the Rehabilitation of Offenders Act 1974 *
This is specific material information which must be disclosed as it will affect an Underwriters assessment of the risk proposed and could void a policy.
Please provide details *
Have you been prosecuted during the last 5 years under any safety or environmental legislation? *
This is specific material information which must be disclosed as it will affect an Underwriters assessment of the risk proposed and could void a policy.
Please provide details *
Claims History
Have there been any claims made by you or any circumstances which might lead to a claim during the last 5 years? *
This is specific material information which must be disclosed as it will affect an Underwriters assessment of the risk proposed. A copy of a Confirmed Claims Experience from previous Insurers may be requested by Underwriters in addition to this information.
Date of Claim *
The date must be in the last 5 years and not in the future. This is specific material information which must be disclosed as it will affect an Underwriters assessment of the risk proposed.
Type of Claim *
This is specific material information which must be disclosed as it will affect an Underwriters assessment of the risk proposed. Select the type of claim from the system table.
Please give details of claim type *
Amount Paid £ *
Insert the value of the loss which has been paid to date by insurers or incurred if the loss was not covered by an insurance policy. This amount should include taxes and handling expenses.
Amount Outstanding £ *
Insert the value of the loss which is estimated as still to be paid by insurers or to be incurred if the loss was not covered by an insurance policy. This amount should include taxes and handling expenses.
Please give details of this claim *
Add another claim *
This will enable details of any additional claim to be disclosed.
Date of Claim *
Type of Claim *
Please give details of claim type *
Amounts Paid £ *
Amount Outstanding £ *
Please give details of this claim *
Add another claim *
Date of Claim *
The date must be in the last 5 years and not in the future
Type of Claim *
Please give details of claim type *
Amounts Paid £ *
Amount Outstanding £ *
Please give details of this claim *
Add another claim *
Date of claim *
Type of claim *
Please give details of claim type *
Amounts paid £ *
Amount outstanding £ *
Please give details of this claim *
Add another claim *
Date of claim *
Type of claim *
Please give details of claim type *
Amounts paid £ *
Amount outstanding £ *
Please give details of this claim *
Contract Activities Undertaken

Please provide a full description of all your business activities and description of main types of work undertaken.

*
This must include a comprehensive description of all activities, services, or goods provided as the cover offered by the policy will only include activities, services or goods shown here. If there are activities, services or goods which fall outside this description any loss or damage may be excluded from the policy.
Please fully describe any hazardous work undertaken, including work below ground or over water or any Civil Engineering including work on tunnels or bridges. If none please state 'None'. *
Underwriters will need to note separately and agree any hazardous work undertaken; therefore full information must be provided. In the event of a loss, cover will only operate if all activities have been disclosed and agreed by underwriters.

Please confirm if the client is involved in any timber frame contracts?​​​​​​​

If any part of the contract works includes structures where the load bearing frame is constructed from timber (other than normal roofing trusses supports or beams)

​How much of the work that you undertake represents timber frame construction methods?​​​​​​

Do you have standards that you work to for this building method?​​

What contract limit would be needed for these contracts?​​​​​​

What is the maximum value of exposed timber frame at any one time?​​​​​​

If none, please state ‘None’
Target Premium (£)
Please provide a Target Premium based upon the information available. In order to assist underwriters further, you may wish to supply supporting information relating to this target.
Contract Work Details
Is cover required for contract works? *
Please indicate whether the proposer requires the policy coverage to include contract works during the course of construction.
Under which conditions is work to be carried out?
Please select the type of standard contract(s) under which the proposer might carry out works.

Joint Contracts Tribunal (JCT)
Probably the most common form of Contracts used for construction in the UK and considered the most comprehensive set of construction contract documents available.  JCT's approach includes client’s contractors, specialists, and interested parties are all involved to ensure a robust contract.

New Engineering Contract (NEC)
The New Engineering Contract (NEC), or NEC Engineering and Construction Contract, is a formalised system created by the Institution of Civil Engineers that guides the drafting of documents on civil engineering and construction projects used for obtaining tenders, awarding and administering contracts.

Fédération Internationale des Ingénieurs-Conseil (FIDIC) for International Contracts
Conditions of Contract for Construction for International contracts, often used for building or engineering works designed by the Employer or by his representative, the Engineer.

Design builds finance and operate (PPP / PFI / DBO / BOOT)
A public private partnership (PPP), the most common form of which is private finance initiative (PFI) projects (ref HM Treasury Public private partnerships) and involves joint private and public funding. An example would be design, build and operate (DBO).
Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a type of project financing.

Engineering Procurement and Construction Contract (EPC) / Turnkey contract
EPC contracts, often called turnkey contracts are similar to design and build contracts: there is a single contract for the design and construction of the project.

Engineering Procurement and Construction Management contract (EPCM)
Engineering Procurement and Construction Management contracts (EPCM contracts): there is a single point of responsibility for the design and construction of the project.

FF&E (Furniture, Fixtures and Equipment) contract
FF&E refers to the procurement of furniture, fixtures and equipment.This would be separate from the main construction contract.

Prime cost contract / cost plus contract / cost reimbursable contract
Prime cost contracts (such as JCT PPC 05) are sometimes called cost plus contracts or cost reimbursement contracts. Prime cost contracts are used where an early or immediate start on site is required even though design information is not complete.
If non standard conditions apply are you able to send a copy contract? (Please send to: London_nfum_ggr@ajg.com or Mutual_Marketplace@nfumutual.co.uk) *
Please attach to an email and send to: London_nfum_ggr@ajg.com or Mutual_Marketplace@nfumutual.co.uk
Is this an annual contract or a single period contract? *
Cover is available for either a single fixed term contract or for an annual policy, please indicate which option is required.
If single period, what is the start date? *
Description of work to be carried out *
Address search
Please enter the post code, or part of the address, or the company name, and then pick the correct entry from the list provided. Once you have done so, the post code will remain in this field.
Contract Site Address *
Contract Period (excluding any Warranty Period) *
Please state the maximum period that a contract would last from start to completion.
If annual what is the maximum Contract Works period? (excluding any Warranty Period) *
What is the average contract works period? *
Maximum value of any one contract (up to a maximum limit of £3 million) (£) *
Please state the maximum value of any one single contract which the proposer would enter in to.
Average contract value (£) *
Please state the average value of contracts which the proposer would enter in to.
Turnover for next 12 months in UK (£) *
Please insert the value of the annual turnover for activities undertaken by any entity included under this insurance within the UK. This value should include any taxes which you are liable to pay or collect associated with these activities.
Turnover for next 12 months overseas (£) *
Cover for contracts outside the UK can be provided but Underwriters require to know the annual turnover including any taxes which you are liable to pay or collect associated with these activities split by each trading territory.
If overseas contracts please give full details split by country *
Cover for contracts outside the UK can be provided but Underwriters require to know the annual turnover including any taxes which you are liable to pay or collect associated with these activities split by each trading territory.
Annual payments to bona-fide Sub Contractors (£) *
Please insert the value of the annual payments made to bona fide sub-contractors by any entity included under this insurance. This value should include any taxes which you are liable to pay or collect associated with these activities.
Percentage of turnover where heat is used (%) *
Please insert an estimate of the percentage of annual turnover for activities undertaken by any entity included under this insurance which involve the use of heat away from own premises.
Do you have site protection measures in place? *
Theft, vandalism, arson and Malicious Damage are major problems on construction sites; as such Underwriters require detailed information of the risk management procedures in place to manage the risks.
Please select all applicable details of Site Protection measures
Please indicate each of the options which apply, multiple options can be selected.

24 Hour Manned Security- If there is an attended Security presence on all sites at all times/when site is unattended select this option.

24 Hour Employee on Site- If there is an attended employee presence on all sites at all times select this option.

2 Metre Fence and lockable gates- If the sites are completely surrounded by fencing or gates  at least 2 metres high and the gates being secured by a locking mechanism select this option.

CCTV- If the sites have closed circuit television cameras which are monitored and record usual entry points, any areas where plant, machinery and tools are stored and any areas where materials are stored then select this option.

Insurers may reserve the right to make these security conditions warranted as a condition of the policy.
Is cover required for Defects Liability or Maintenance period? *
Does the proposer include in their contracts a Defects Liability Period (DLP or Maintenance period) and if so do they want the policy to extend to cover work during this period?
English law requires that contractors deliver Works prescribed under the Contract. Any defective work is a breach of contract. Contractors normally include a DLP within which they agree to rectify defects. The agreement of a DLP by the Contractor is usually advisable because under English law they could be held responsible for defects discovered up to 12 years after completion.
What is the maximum Period required? *
Please insert the maximum contractual period that the proposer would provide either as a Maintenance or as a Defects Liability undertaking.
Contractors' Plant and Equipment Details
Is cover required for contractors' plant and equipment? *
Please indicate whether the proposer requires the policy coverage to extend to include plant and machinery owned by them.
Please give sum Insured for plant and machinery (£) *
Please provide the total value of all Plant and Machinery owned by the proposer. For items less than 12 months old the value should be based on their reinstatement value, for items older than 12 months the figure should be the indemnity value. This value should exclude any tower cranes owned by the proposer which should be declared separately.
Please give sum Insured for Temporary Buildings (£) *
Please insert the value of temporary buildings, including fixtures and fittings, which will be used in connection with the contracts. Please note any hired in temporary buildings should be included in the hired in figures and excluded from the value here.
Please give maximum value for any one item (£) *
Please provide the maximum value of any one single item of Plant or Machinery.
Please give sum insured for tower cranes (£) *
Please identify separately the values of any tower cranes owned by the proposer.
Please give sum Insured for all other tools and equipment (£) *
Please provide the total value of all hand tools and equipment owned by the proposer. For items less than 12 months old the value should be based on their reinstatement value, for items older than 12 months the figure should be the indemnity value.
Are you able to provide an inventory for any items exceeding  £5,000? *
It is helpful if a full inventory of the more valuable items of Plant could be provided. Ideally this should be updated and maintained during the period of insurance. This will help with Claim submission in the event of a loss of any items and also help to avoid underinsurance.

If the Proposer is unable to provide an inventory please provide details of all items over £5,000 in value (Reinstatement value if less than 12 months old and indemnity value if older than 12 months).
Please confirm that the inventory will be emailed to London_nfum_ggr@ajg.com within 7 days *
If an inventory is available it cannot be attached to this submission so it will need to be sent separately to Arthur J. Gallagher.
If No please specify all items over £5,000
Description *
Please enter the Make and Model or a suitable description of the item of Plant or Machinery to be insured.
Serial Number *
Please provide the Serial number of the item of Plant or Machinery to assist recovery in the event of a loss. This can also be used to validate a valuation in the event of a loss.
Sum Insured (£) *
Please enter the value of the item of Plant or Machinery (Reinstatement value if less than 12 months old and indemnity value if older than 12 months) 
Add another item? *
Please indicate if you want to add an additional item of Plant or Machinery to this list.
Description *
Serial Number *
Sum Insured (£) *
Add another item? *
Description *
Serial Number *
Sum Insured (£) *
Add another item? *
Description *
Serial Number *
Sum Insured (£) *
Add another item? *
Description *
Serial Number *
Sum Insured (£) *
Add another item? *
Description *
Serial Number *
Sum Insured (£) *
Add another item? *
Description *
Serial Number *
Sum Insured (£) *
Add another item? *
Description *
Serial Number *
Sum Insured (£) *
Add another item? *
Description *
Serial Number *
Sum Insured (£) *
Add another item? *
Description *
Serial Number *
Sum Insured (£) *
Are large plant items kept in a security compound when not in use? *
Plant will only be covered when not in use if it is kept in a Security Compound. If it is not kept in a Security Compound this must be explained to the Proposer and documented separately to the policy document.
If no please provide details of where it is stored *
Please advise where the Plant or Machinery is stored if it is not kept in a Security Compound.
Are machine attachments, power tools, hand tools, manually powered implements, and other unpowered tools kept in a securely locked container or receptacle when not in use? *
These items will only be covered when not in use if they are kept in a securely locked container or a lockable receptacle. If they are not kept in a locked container or a lockable receptacle this must be explained to the Proposer and documented separately to the policy document.
If no please provide details of where they are stored *
Please advise where the machine attachments, power tools, hand tools, manually powered implements, and other unpowered tools are stored if it is not kept in a locked container or lockable receptacle.
Plant Hire Details
Is cover required for Plant Hired in or Hired out? *
Please indicate whether the proposer requires the policy coverage to extend to include Plant Hired in by them, or owned by them and Hired Out.
Please briefly describe plant you expect to hire out
If the Proposer intends to Hire Out Plant they own please provide details of what type of Plant this is expected to be.
Please briefly describe plant you expect to hire in
If the Proposer intends to Hire In Plant please provide details of what type of Plant this is expected to be.
Cover for Plant or Machinery Hired in will be limited to the terms required by Construction Plant Hirers Association (CPA) or Scottish Plant Hirers Association (SOPA). If the Proposer hires Plant or Machinery on terms which are more onerous than this they will be responsible for any difference.
Maximum sum insured for plant and equipment hired (£) *
Please provide the maximum value of all Plant or Machinery Hired in at any one time across all sites and locations (Reinstatement Value)
Total hiring fees per annum (£) *
Please insert the value of the annual payments made in respect of Hiring charges by any entity included under this insurance. This value should include any taxes which you are liable to pay associated with these activities.
Maximum value of any one item of hired in plant (£) *
Please provide the maximum value of any single item of Plant or Machinery Hired in. (Reinstatement Value)
Maximum total value of hired in plant any one site or location (£) *
Please provide the maximum value of all Plant or Machinery Hired in at any one time at any one site or location. (Reinstatement Value)
When hiring plant out are all customers vetted and provided with a copy of standard hire conditions prior to taking delivery of plant? *
It is important that the proposer identifies that their customer is legitimate and establish that they have necessary insurance cover in place, maintain records of such checks, prior to hiring any equipment to them.
Employees' Tools and Personal Effects Details
Is cover required for Employees' tools and Personal Effects on Site? *
Please indicate whether the proposer requires the policy coverage to extend to include Employees Tools and Personal Effects. Please note cover is only operational whilst tools are on the contract site.
Maximum value any one employee (£) *
Please provide the maximum value of all Tools and Personal Effects provided by any single employee any one time  (Reinstatement value if less than 12 months old and indemnity value if older than 12 months) 
Total value over all sites and locations (£) *
Please provide the total value of all hand tools and personal effects owned by the proposer's employees  at all sites at any one  time  (Reinstatement value if less than 12 months old and indemnity value if older than 12 months) 
Important Information

Please read the following carefully:

  • The questions on this Proposal Form and any other details we specifically request, relate to facts which we consider material to underwriting this insurance. However, because no list of questions can be exhaustive, please consider whether there is any other material information which is known to you which could influence our assessment and acceptance of the risk.
  • FAILURE TO DISCLOSE MATERIAL FACTS WHETHER OR NOT THE SUBJECT OF SPECIFIC QUESTIONS MAY INVALIDATE YOUR INSURANCE
  • We recommend that you keep a record, including copies of this proposal, any letters and all information supplied to us for the purpose of entering into this insurance.

​ADDITIONAL INFORMATION
Use this space to provide full details if there is any other material information which you should disclose:

 

Agents of the proposer must be aware that the provision of false or inaccurate information may invalidate your Client’s insurance and you accept and understand that Arthur J. Gallagher shall not be liable for any loss, damage or costs incurred arising as a result of your inputting false or inaccurate information in relation to your Client’s risk details onto this website in order to obtain a policy for your Client.

Please provide any additional material information and ensure the proposer is aware that all material information must be disclosed.
 

You can opt out of marketing communications at any time by contact​ing us: UK.unsubscribe@ajg.com​

When this Submit button is engaged the following will happen.
  1. The enquiry will be forwarded to the Underwriter with a copy to NIS and also to Arthur J. Gallagher.
  2. You will receive an email acknowledging that the enquiry has been successfully sent.
  3. You will receive a response to the enquiry within 3 working days.
  4. If terms are offered and acceptable please process the instruction using the SONIC system.
  5. If the terms are accepted please complete the NIS Cross Selling Form and return it electronically to NIS
  6. If there are further queries or issues to discuss please use the ‘Ask the Expert’ facility to communicate them.
 
Our team of insurance specialists are here to help. Please fill out the form below and we will get back to you.

Your Details

NFU Mutual Agency Code *
​NFU Mutual Agent Name​
*
NFU Mutual Email Address *
NFU Mutual Telephone *
Enquiry Details

Nature of enquiry *
Please provide full details relating to the enquiry you wish to make. This will ensure the issue is raised with the correct department as quickly as possible. If necessary the person dealing with it will telephone you to discuss the matter but, for audit purposes, the response will need to be in writing.
 

You can opt out of marketing communications at any time by contact​ing us: UK.unsubscribe@ajg.com​

​This form will now be sent to National Intermediary Services team who will respond or escalate dependent upon the nature of the enquiry. They will look to respond to you within a period of 1 working day to either provide an answer or explain to whom the enquiry has been directed and the expected timeframe for resolution.

In the event that you are unable to get the assistance you require, you can call NIS on 01789 455009.

1. When is Contractors All Risks insurance required?

Wherever construction, repair refurbishment or extension of buildings or civil engineering or ground works are being undertaken there is a risk of loss or damage. This damage could either be to the works or to the plant equipment and materials used in connection with the works.

2. Who needs to have Contractors All Risks Insurance cover?

Whatever work is to be carried out there will be a contract between the parties who are having the work done and the parties who are doing the work. What is specified in the contract will determine who has the financial risk during the time the work is being carried out. Whoever would suffer the financial loss should have Contractors All Risks insurance to cover this financial loss.

3. Often the terms of the Contract can be blurred; how does this work in practice?

Contracts can be very detailed and written down and signed, or they can be agreed verbally, or they can be a mixture of both. The best advice to give to a Client, if they believe there is any possibility that they may have a risk, is that they should consider purchasing Contractors All Risks insurance.

4. Is it just the Principal or Main Contractor who might need Contractors All Risks insurance?

There are many different parties who might need the insurance, depending on the details of the Contract. This could include any of the following:

·         The Employer, i.e. the person(s) or organisation that commissions the works to be undertaken

·         An Architect or Consulting Engineer, who may be engaged by the Employer and who may be contracted to organise the insurance

·         The Principal Contractor appointed to undertake the works

·         Specialist Sub Contractors who are appointed to undertake specific parts of the works and who may be responsible for their part of the contract.

Under JCT Contract Conditions the Employer will take out the insurance in Joint Names with the Principal Contractor. Each insured should comply with the duties of disclosure and notification. The policy would usually extend to include cover for all sub-contractors to avoid disputes and issues of Subrogation in the event of a loss.

5. What cover is available under a Contractors All Risks Policy?

Works:

Cover for damage to permanent (which remain after the contract is finished) and temporary (which will be gone when the contract is finished) works and free issue materials, whilst on site and usually whilst in transit to and from site from the Insured’s premises.

Plant Tools and Equipment:

This insured item will include everything from a large JCB down to a hand drill. Constructional tools are often rigorously used in a harsh environment and, as such, are subject to significant wear and tear. If the items are new, claims will tend to be settled on a Reinstatement Basis.  If they are more than a year old, settlement will be on an Indemnity Basis.

Cover for hired in plant and machinery:

In the construction industry it is common for contractors to ‘hire in’ specialist equipment. The policy can cover these items. The industry tends to use Standard Conditions for Hire which are Constructional Plant Hirers Association (CPA) Conditions and the policy will cover the Insured liability under CPA Conditions. This would include continued hiring charges for which the Insured may be liable. Insurers will accept other Conditions of hire providing they are not more onerous than CPA Conditions.

6. What is the extent of cover provided?

Cover is normally provided on an All Risks basis but this, as always, excludes such circumstances as losses for wear and tear, obsolescence, deterioration, rust and mildew, loss and damage arising out of war and for faulty workmanship and faulty design.

7. Are all policies on an annual basis?

Policies can be either on an annual basis or for a single contract period. An annual policy will be adjustable based on end-of-year declaration of turnover so, if the Insured has an actual turnover for the period greater than what was projected, there may be an additional premium to pay. If a single period contract is completed early there is no return premium.

8. Does an annual policy cover all contracts the Insured enters into during the period?

All contracts which fall into the Insured’s normal business activity, as disclosed, will be covered provided that the Contract Value does not exceed the limit under the policy. If the Insured enters into a Contract with a value higher than the limit under the policy, this needs to be advised and agreed separately or there will be no cover in place.

9. Why are Underwriters so concerned about security of the site?

Theft of tools and materials is a major exposure on a contractor’s site. Theft of large items of plant and machinery is a regular occurrence. Contractors have experienced thieves entering the premises with low loaders and lifting equipment to steal large items of plant which is both expensive to replace and causes interruption to the building schedule.

10. What cover extensions might be available if requested?

·         Cover for existing structures

·         Part Exchange properties (purchased by the developers)

·         Partially completed contracts

11. What does a Contractors All Risks policy not cover?

In addition to the exclusions under the policy it is important to understand that the policy does not normally include any cover for:

·         Professional Indemnity

·         JCT Clause 21 2 1 (now 6.5.1)

·         Financial Loss

·         Existing Structures

·         Liquidated Damages

·         Construction Bond

·         Marine Transits

These covers may be able to be arranged as an Extension to a Contractors All Risks Policy if requested or as a separate policy but are not normally included automatically.

Arthur J. Gallagher is a trading name of Arthur J. Gallagher Insurance Brokers Limited, registered office: Spectrum Building, 7th Floor, 55 Blythswood Street, Glasgow, G2 7AT. Registered in Scotland. Company Number: SC108909. Authorised and regulated by the Financial Conduct Authority (Firm Reference Number: 311786).www.ajginternational.com

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