The Leadway Contractor’s All Risks Insurance product is designed to provide cover for contractor businesses engaged in works away from their own place of business.
This insurance protects against the risk of losses arising from the contractor’s operations during the lifetime of the policy. The policy can be written either to cover a specific project, or to cover all projects undertaken by the contractor during a set period (normally a year).
The policy protects against any sudden and unforeseen physical loss or damage caused by fire, lightning, explosion, flood or storm, earthquake, theft or burglary, bad workmanship or negligence, lack of skill or experience, malicious acts, human error, or any other sudden and unforeseen event.
It also provides indemnity in respect of bodily injury to or illness of third parties and the loss of or damage to property belonging to third parties due to the works.
This Policy can also extend the policy to cover:
- temporary buildings and contents on the worksite
- the policyholder’s existing property
- contractors’ plant and equipment brought onto the site
- clearance of debris
- professional advisers’ fees
- inland transit cover
- off-site storage cover