Builders and contractors face numerous risks within their work sector. From accidents that can damage building materials and theft from the construction sites to acts of nature that can damage both the construction materials and building, working on construction sites is a constant challenge.
The construction works insurance policy can provide coverage for various construction projects like residential new buildings, commercial projects, and renovations. The policy can be contracted for the construction or erection itself, including any temporary buildings, scaffolding, materials, and temporary works.
Construction works insurance is designed to provide protection and coverage for both residential and commercial builders involved in the construction and building works for domestic buildings, office buildings, retail buildings, restaurants, and other types of buildings and construction, such as hotels, medical buildings, respectively civil works, and plants.