It Contractor Insurances

Being a contractor carries certain obligations and legal responsibilities.

It contractor insurances. Contractors all risks car insurance is a non standard insurance policy that provides coverage for property damage and third party injury or damage claims the two primary types of risks on. Contractors all risk insurance. Although claims against contractors are rare they do happen and the claims can be very high. Over 300 000 businesses trust hiscox to insure them as they understand the need for flexible cover so that you can tailor your policy to suit your individual business needs.

Contractors all risk c a r insurance protects against physical damage to works and site materials that you were contracted to undertake. We understand that contractors require targeted business insurance which offers both value for money and optimal cover. What insurance you need. These types of losses are normally excluded under a regular public liability policy although they may be sold together.

What is contractor all risk insurance. As the name suggests car insurance aims to cover all parties involved regardless of the type or cause of damage. Covered parties can include the project owner general contractor subcontractors and in some cases materials and equipment suppliers. Contractors insurance usually covers business liability exposures such as injuries or damage to a client s property for which your business is responsible.

Important factors to. This is covered by general liability insurance an essential part of a contractors insurance policy. The majority of limited company contractors will hold some form of contractor insurance common insurances held by contractors are professional indemnity or liability insurance these will differ depending on the type of work you are doing and the specific client you are working for. With that in mind we ve packaged the most common insurances the average contractor needs into a single policy.

Although a general liability insurance policy helps protect your business from claims alleging property damage bodily injury and slander or libel consider other insurances to give your contracting business well rounded coverage. For contractors contractors all risks car insurance is a policy that provides cover for property damage and third party claims. Contract works insurance policies insure the construction related activities of a construction project into one packaged policy covering the interests of all parties involved in the development. Contractor cover is the one stop insurance shop for contractors across australia.