The construction all risk insurance policy is specially designed to cover construction projects and is intended to protect developers and contractors during the works against financial losses caused by unforeseen circumstances.

When something goes wrong in construction projects, the consequences can be devastating, and they can even lead to the project being closed down. Add various subcontractors to the equation, and the risks and liabilities just keep growing.

Construction all risk insurance is the backbone of a successful risk management program. An experienced broker can help you get the cover you need in order to successfully complete your plans.

What Does Construction All Risk Insurance Cover? 

Construction all risk insurance provides comprehensive protection to developers and contractors during construction projects. The ‘all risk’ component means that the insurance is intended to cover all risks construction companies face in connection with the execution of a project, including third-party bodily injury or property damage.

The all risk insurance policy covers loss of or damage to:

• Damage to work under construction

• Materials used for the project, whether stored on-site or elsewhere

• Temporary structures

• Construction plant

• Equipment and machinery

• Transit to and from the site

Contact One Broker to receive professional advice from one of our specialized experts and to get the best quote for construction all risk insurance.