Contractors All Risk Insurance

  • Important and specific cover to add to your trade policy
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What is contractors all risk insurance?

Dedicated insurance that helps to protect you while you carry out your trade

Contractors all risk Insurance or as it’s also commonly known, contract works insurance, helps protect businesses as either a contractor or employer (client). Providing cover against the costs incurred from insured perils, losses or damages incurred whilst working on an insured construction project. The insurance is designed to cover all risks associated with a construction project. Cover is commonly issued under the joint names of a contractor and a principal (client), cover usually also includes public liability insurance. Policies are flexible allowing us to source and tailor cover to match your businesses needs and requirements.

Key features of contractors all risk & contract works insurance

Contractors All Risk provides cover against physical loss or damage to any works during its construction. It is an all risk policy (subject to policy conditions) and also provides cover for third party liabilities and the advance loss of profits. Any limits imposed under a contractors all risk or contract works policy would be based upon the estimated value of the contract for which work is carried out.

Policy features include:

  • Provides cover for any owned and/or hired in plant and machinery.
  • Protection against damage to permanent and/or temporary works and building materials, whilst on site and whilst in transit to and from site.
  • Cover for tools and equipment.
  • Cover for the increased cost of working through additional business interruption cover.
  • Cover for the period after the project’s completion for up to 12 months. Covering contractual obligations forming part of the maintenance or defects liability period.
  • Cover for any party that is required to be a joint named insured under the contract
  • Additional cover towards professional fees and debris removal.

Benefits of having contractors all risk insurance

If you run a construction business or you are involved in construction as a developer or project owner then you will likely need the comprehensive cover and protection offered in contractors all risk or contract works insurance policy. Contract works cover through The Insurance Octopus will provide you with continuous coverage for all stages of the construction process – from inception, to commissioning, testing and finalisation and beyond, you’re covered from the various risks presented during the stages of construction. Regardless of the size, complexity and length of your construction project we can help source a bespoke Contract Works policy to give you ultimate peace of mind during your construction projects.

Contractor All Risk Insurance FAQs

  • Am I covered for tools stolen from an unattended vehicle?

    If the vehicle is on-site, and the specifics of the incident meet the conditions specified in your tradesman and contractors insurance policy, then theft of tools is covered. Be sure to read the details of your policy – it may be that a vehicle left unattended that wasn’t locked may be contentious when it comes to making a claim against theft.

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  • Can I insure my materials & equipment whilst on site?

    Our insurance cover for contractors includes a broad range of covers, and damage or theft relating to equipment on site is one of them. Be sure to look over exactly what is covered when you take out cover, and request any add-ons you may need. Our insurance specialists are always on hand to discuss your requirements in order to tailor a policy to your exact needs.

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  • Do I need contractors’ all risk insurance?

    Contractors’ all risk (CAR) insurance covers you for any property damage, as well as third-party claims for injury or damage. If you are a contractor in building, construction or a related trade, these are the main risks you face every day, so it is a wise move to take out CAR insurance. This gives you the most comprehensive cover for the most likely problems that may arise.

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Get the protection your business needs by adding
contractor all risk cover to your policy

Business insurance specialists

Our insurance specialists are on hand to discuss your needs as a contractor or employer of contractors. Our team will endeavour to listen and understand your business requirements in order to provide you the cover you need at the right premium.


Compare quotes

With the ability to compare quotes from many of the major UK insurance providers, The Insurance Octopus is well placed to ensure you find a competitive deal. We are able to offer a wide range of payment options, offering flexibility. Contact us now for a competitive quote.

Why choose The Insurance Octopus?

We proudly make buying insurance simple and transparent and our sourced cover comes with a range of benefits.

Up to £5 million of cover

Claims can be expensive, that’s why we source cover that offers up to £5 million worth of public liability cover for Tradesmen – with more available upon request.

Simple specific cover

To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.

A team that knows your industry

We’ll connect you with an agent who understands many of the challenges you face, and can truly get to grips with the type of cover you need.

Easy claims process

Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.

No mid term fees, ever

We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.

How contract all risk cover works

Examples of Contractors All Risk Insurance in action

Fire Damage Costs £20,000

A contractor was midway through the process of building an extension to a client’s family home. It was a 2-storey extension and had involved a great deal of labour and materials when it fell foul of a fire that all but destroyed the work that had been completed so far. The client was not responsible for the fire, and couldn’t pay the £20,000 for the work to be redone; fortunately, the contractor had a contractor’s all risks insurance policy. This covered the cost and set everything back on track.

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