Who requires Contract Works cover?

Builders are not the only people who require contract works insurance.  There are many different types of businesses or individuals that will buy a construction policy for many different reasons depending upon their circumstance.

These include but are not limited to:

• Sub-contractors (plumbers, electricians, concreters etc.)
• Engineering Businesses
• Property Owners/Property Trusts (Principals)
• Government Entities and Local Councils
• Business Owners (through own business related capex or expansion)
• Project Managers

Anyone who is building, erecting or installing something may have a requirement for contract works insurance.

What are the reasons why someone other than a builder/contractor would arrange construction insurance? 

• Contractual requirements
• Control of insurance placement (cover and pricing)
• Complexity of project (multiple contactors)
• Existing property cover requirements