Any construction site, no matter how conscientious or health and safety-minded, is a potentially dangerous place that’s as prone to incidents and accidents as it is to other unforeseen events or misfortunes, and therefore having the right cover in place to meet the risks involved is absolutely essential. You simply have to be able to protect the work that’s being carried out.

Without insurance cover in place, any work you’re doing — it could be building a loft extension or constructing a department store — is vulnerable to a chance misfortune. In the case of your loft extension, what if an adjacent property catches fire and destroys your work? Your client is not likely to pay for the work that’s been destroyed, and neither should you. This is where Contractors All Risks Insurance steps in to save the day. It’s the same story with department stores — you need a policy in place that can cover you in the worst-case scenario of weeks, months or even years of work being destroyed before you sign off on it.

The same policy also covers your plant, equipment and tools, so in the case of damage to any of these whilst on site, you can claim the replacement costs through your policy. It even covers hired-in equipment used on a contract, which is covered as if it were your own.