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Are your sites ready for shut down?

When it comes to planning a new construction project, insurance doesn’t always get the priority it requires, with contractors often wondering whether it is really necessary to take out a contract works policy at all. Very often the contract works policy is arranged at the last minute, or even after the project has already started.

All construction work, no matter what size, contains an element of risk. This risk varies from project to project but risks common to most construction projects include:

• Natural Disaster – earthquake, flooding, storm
• Fire
• Theft
• Transit
• Construction collapse
• Defective design, workmanship or materials
• Malicious damage to property
• Third party liability

Why is a Contract Works Policy Necessary?

Damage as a result of these risks can result in steep repair and replacement costs that were not budgeted for.

To comprehensively safeguard against these risks during the construction period, a Contract Works policy and a General Liability policy is needed. Should you apply for a Contract Works policy after you begin construction, it’s known as a take-on and must be declared.

Call us (080 777 7771) to find out more about these products or click here and one of our expert consultants will get back to you shortly.

← Plant Hire - Have you read the Contract? What is ‘Practical Completion’? →

Plant Hire – Have you read the Contract?

by Dan Payton | February 16, 2016 | Contractors All Risk | 0 Comments

Have you read your plant hire contract? You should get evidence of the plant hire contract when you hire in a concrete pump truck or any other item of plant.

How Does a Contractor Claim For An Extension of Time?

by Dan Payton | July 12, 2018 | Contractors All Risk | 0 Comments

A Contractor can claim for an extension of time, thus extending the Due Completion Date for a project. He can also claim for any costs which will increase due to being on site for longer (called time-related General Items).

What Are Latent Defects?

by Dan Payton | July 23, 2018 | Contractors All Risk | 0 Comments

A Latent Defect is a defect that is not detected by ordinary inspection, but lies hidden until sometime later, when it’s discovered because it causes a problem that everyone can see. An example of latent defects would be weak concrete in part of a bridge column, that looks the same as strong concrete, but collapses when a heavy truck drives over the bridge.

Help! What construction insurance do I need?

by Dan Payton | October 20, 2020 | Construction Liability, Contractors All Risk, Guarantees, Professional Indemnity, Trade Credit | 0 Comments

Understandably this can be a challenge as there is a myriad of cover available in the construction insurance landscape.

Let’s quickly unpack 5 Construction Insurance options for you.

Build a foundation against liability claims litigation with construction liability cover

by Dan Payton | September 28, 2021 | Construction Liability, Contractors All Risk | 0 Comments

As a responsible construction company owner, you know the importance of insuring your plant and making sure that your other necessary policies are in place with CivilSure. But did you know that the number of instances of – and the size of – liability claims litigation is higher than ever, and climbing?

Does a Construction All Risk Policy cover damage to surrounding property?

by Dan Payton | July 23, 2018 | Contractors All Risk | 0 Comments

Yes, damage to surrounding property is covered by a construction all risk policy, provided it’s included as an add-on to the Contract Works cover. This means an extra premium would be charged to get the specified surrounding property covered.

Three ways to insure your plant

by Dan Payton | September 28, 2021 | Contractors All Risk, Plant All Risks, Plant Insurance | 0 Comments

Civilsure understands the importance and necessity of comprehensive plant insurance at a reasonable rate. We also know that you expect impeccable service and attention to detail at claims stage. That is why we are committed to helping you choose the correct plant all risk (PAR) for your business needs.

Special project delay insurance for special risks

by Dan Payton | August 23, 2021 | Construction Liability, Contractors All Risk | 0 Comments

You know that there are many risks associated with running a construction company. After civil unrest wreaked havoc in South Africa in June and July this year, you may be asking yourself: “What would happen if we should have to temporarily close our construction sites because of civil commotion, public disorder, rioting, looting, labour disturbances, strikes, a lockout – or even an act of terrorism?”

What is ‘Practical Completion’?

by Dan Payton | June 28, 2018 | Contractors All Risk | 0 Comments

Practical Completion doesn’t mean the Contractor has finished the Works in every detail. It means the Works are sufficiently complete to be safely used by the Employer for the purpose he intended. The Contractor may still complete minor items and fix defects after Practical Completion, as long as the Employer isn’t inconvenienced.