Far from standard.

PropertyWorks

Commercial Building Works insurance

The Contract Works

This means the property owners is reliant on the contractor's insurance to provide adequate cover. Commercial insurers will not normally cover the contract works, preferring to leave that to the contractor. This means the property owner is reliant on the contractor's insurance to provide adequate cover.

This potentially leaves the opportunity for there to be both:

  • Gaps in the cover - for example, the contractor may fail to arrange adequate insurance or breach their policy conditions.
  • Grey areas in the event of a claim with two sets of insurers (and possibly loss adjustors) to negotiate as to what is contract works and what is part of the original structure. 

At the very least, your client loses control over a key aspect of cover that they need to rely on to protect their interests in the event of a claim.

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Plum Underwriting Ltd is authorised and regulated by the Financial Conduct Authority No 309166. Registered at 50 Fenchurch Street, London, EC3M 3JY. Company number 04509589.

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