Construction & Engineering

Contractors all risks insurance, also called CAR, gives your business financial protection against the cost of damage to property, and claims for third-party injury or damage. The cover is usually taken out by both the contractor and the employer, sometimes other named interested parties, and everyone noted on the policy can claim.

What’s covered?

A CAR policy covers your company and other relevant parties against all the risks normally associated with construction work:

• Fire damage
• Flood damage
• Wind damage
• Earthquake
• Water damage
• Mould
• Poor construction
• Negligence
• Third party injury or damage
• Damage to permanent and temporary works
• Free issue materials on site and in transit
• Protection for both owned and hired plant and machinery
• Up to 12 months of cover after the contractual obligations are over, the ‘maintenance or defects’ liability period
• Unforeseen loss or damage to building works
• Machinery movement
• Public liability
• Tools
• Business interruption
• Equipment erection
• An optional professional fees extension

Plant is expensive, especially specialised plant for specific construction jobs. Sometimes you own it, other times you hire it, but if something unexpected happens it can make an enormous hole in your company’s finances. Consequential loss contractors plant and machinery insurance covers the everyday risks faced by your company.

What’s covered?

The policy covers plant repairs or replacement after a sudden and unexpected physical loss of – or damage to – insured machines, excluding internal breakdowns at work, at rest, and during maintenance. It isn’t site-specific, it covers all the sites you work on while insured:

• Protects your own machinery and any hired items
• Covers loss or damage to owned contractors plant
• Includes legal liability for loss or damage to hired in contractors plant
• Covers continuing hiring charges
• Covers owned or hired in plant that is then hired out to others
• Covers damage arising from an impact
• Pays recovery costs for immobilised plant and equipment
• Includes cover for theft from unattended vehicles

Machinery breakdown on-site costs a fortune in delays and reparations, especially when you’re contracted to complete the works by a specific date. MBD covers you if suffer a plant, machinery or mechanical equipment breakdown at work, at rest, or during maintenance.

What’s covered?

Machinery Breakdown Insurance covers unforeseen and sudden physical losses of – or damage to – machines named on your policy, while:

• Working
• At rest
• Being dismantled, removed or re-erected at the same site

It also covers loss or damage due to:

• Faulty operation, adjustment and casting
• Vibration
• The entry of foreign objects
• The loosening of parts
• Self-heating
• Centrifugal force

What happens if your company’s stock deteriorates, for example refrigerated foodstuffs? You lose money, your reputation suffers, you might even lose customers. Stock deterioration insurance protects your finances against the cost of unforeseen damage to refrigerated goods owned by and in the care of your business, because of temperature changes in refrigeration equipment.

What’s covered?

Power supply failure, impact damage, and simple mechanical or electronic breakdown are all covered. This policy protects your financial interests in three key ways:

• Cover for damage to goods not held in the refrigerator, that would have been kept cold if the accident hadn’t happened
• Cover for the action of the refrigerant or any stray refrigerant fumes that have leached out of the system and escaped
• Cover for the accidental failure of public electricity supplies

A power cut can be devastating for business, when vital electronic equipment is compromised or doesn’t work. This policy protects your finances if computers, servers, photocopiers, scanners, printers, fax machines, modems, switchboards and more are lost or damaged on your premises or when being temporarily moved.

What’s covered?

Our popular Electronic Equipment insurance is designed for both the owners and hirers of equipment:

• Covers a variety of equipment including audio visual and medical
• Includes both owned and hired out equipment
• Covers worldwide data media loss and reinstatement
• Protects your finances against theft from buildings and vehicles
• Offers optional extra cover for additional expenditure or financial loss