Construction Insurance
© Getty Images/Richard Newstead

Contractors' All Risks Insurance

Construction

Broker/agent trading options

Standard
E-trade
Delegated authority/reinsurance solutions

Contract works for construction, buildings and civil engineering projects can be complex in nature.

John Nicholls, Construction Product Lead - HSB
John Nicholls
Construction Product Lead - HSB

Our response

Our Contractors' All Risks insurance policy (also referred to as Contract Works Insurance and CAR Insurance) provides comprehensive cover for any damage that occurs during construction projects.

Available on a single risk or annual basis, our policy can be arranged in the name of the contractor, the principal or joint names depending on the project requirement.

Our Contractors' All Risks Insurance/Contract Works Insurance policy provides cover for:
  • materials; from the commencement of loading for despatch to site (including transit and incidental storage)
  • contract works insurance cover during the construction period (including automatic continuation of cover for ongoing contracts that increase in contract price; up to 125% of the sum insured)
  • maintenance and defective design
  • free issue materials where these are included in the declared values
  • residential/private dwelling houses and commercial buildings during the construction period, once completed and also pending sale
Our Contractors' All Risks Insurance/Contract Works Insurance policy can be extended to include advance loss of profits, owned contractors' plant and hired-in plant.

Delegated Authority/Reinsurance Solutions

We can also provide our partners with innovative, all-encompassing construction solutions. If you’re looking to provide specialist cover as part of your commercial proposition, contact our team.

Why buy HSB Construction Insurance?

Our underwriters and risk engineers have extensive experience in providing construction insurance and are recognised as experts in this field. Drawing on our vast expertise in the construction sector, we are able to provide insurance products to meet the insurable risks of a specific construction project.
  • Policy wordings specifically designed with contractors/sub-contractors, property builders and developers, and construction plant owners in mind
  • Extensive underwriting expertise
  • Specialist engineering knowledge of plant and machinery
  • Cover available across the UK and Ireland
  • Access to experienced in-house construction loss control risk engineers
  • Access to claims handlers and loss adjusters with specialist knowledge of the construction industry

Claims Examples

HSB Construction Insurance in action

£64,000
Claim
A large stone fell onto the roof of an excavator cab in a quarry, causing extensive damage to the machine and rendering it uneconomical to be repaired.
£10,001
Claim
A construction company's six year-old dumper truck was stolen from a new-build housing development site.
£64,142
Claim
An electrically-originated fire caused damage to a bulldozer. Forensic examination showed the source of fire emanated from the engine compartment. We worked with our customer to identify a suitable fire suppression system to mitigate any future fire damage should the situation ever reoccur.
© Getty Images

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Product Documentation

Construction Product Spotlight: HSB Machinery Inherent Defects Insurance

Available for periods of up to 12 years, our product provides comprehensive cover for the mechanical and electrical services installed in new buildings undergoing construction, 'shell and core' building refurbishments, and completed buildings less than two years old.

Why choose HSB?

  • Leading specialist provider of engineering and technology insurance and inspection services in the UK and Ireland
  • Winner of the 2021 British Insurance Awards 'Specialist Insurance Company of the Year' award
  • UK-based arm of HSB Group, the equipment breakdown insurance and inspection market leader since 1866
  • Part of Munich Re, a world leader in risk solutions, consistent risk management and financial stability
  • Financially strong and stable – rated A++ (Superior) by A.M. Best Company
  • A member of the Institute of Customer Service, demonstrating our commitment to continually improving customer service performance and professionalism

Contact Us

For more information, speak to your insurance broker, your usual HSB contact,  or contact your local HSB office.

For e-trade enquiries, contact our dedicated E-Trade Team.

To discuss our delegated authority/reinsurance solutions, contact our Partnerships Team.

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