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Construction Works (Contract Works) & Public Liability

The Benefits of an Annual Turnover Verses a Single Project Policy.

Contract Works - Annual turnover policy

What are the benefits?

  • Maybe more cost effective than purchasing multiple single project policies.
  • Covers you for liability arising from your business activity at multiple locations.
  • Reduces the risk of 'forgetting' to insure a project, leaving your business open to risk.
  • Provides greater liability cover than a single project policy.

What does it protect?

  • A Contract / Construction Works Annual Turnover Policy provides cover for Public and Products Liability including:
    • Indemnity for sums which you may become legally liable to pay as compensation in respect of bodily injury, property damage or advertising injury, arising from an event in connection with your business.
    • Ongoing cover past completion of the project, for damage or injury caused by your ‘product’. The product is not covered; however the damage or injury caused by your product to the third party, maybe covered.

When are you covered?

  • During the course of your business activity across the multiple sites and locations where your work is conducted. For Example: Quoting a job, operating a display home or office, working on multiple construction sites over the policy period.

Contract Works - Specific project policy

What does it protect?

When are you covered?

  • Your Public Liability arising out of your business activity from one specific jobsite that has been insured.

What does it not protect?

  • Products Liability

The differences between products & public liability explained

Public Liability explained:

  • Public Liability Insurance provides protection for you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage to property, or economic loss resulting during the course of your work.

Products Liability explained:

  • Products Liability covers your business for injury or damage to third party property resulting from a faulty 'product' after your work has completed.
  • For example, your business builds a fence for a homeowner; once the fence is completed it is considered your businesses ‘product’. If all or part of the fence is faulty and the fault causes damage or injury to third party property, then the damage or injured third party may be covered for compensation. (Subject to the terms and conditions of the policy).
  • It's important to remember that third party injury or damage caused by faults can occur months or years after a project has been completed.