To Survive In A Tough Economy, You Have To Take Cover!
Get protection and peace of mind with comprehensive Contractors All Risk Liability Cover from CC&A
When business slows down, insurance is often seen as expendable. Cutting cover is a way to cut costs, right? Wrong! Insufficient insurance cover can be catastrophic for a contractor in the event a claim. If you can’t afford to have All Risks and Liability Cover, you can’t afford NOT to have it.
Here’s Why You Need It
Depending on your policy, comprehensive Contractors All Risks (or Contract Works) insurance covers you against:
- Loss or damage to the contract works during the construction period.
- Third party liability for accidental loss or damage arising from the works, including that caused by Fire, Lightning, Storm, Theft and Wind.
- Additional extensions such as:
- Removal of debris
- Professional fees
- Claims preparation costs
- Off-site/temporary storage
- Principal’s own surrounding property.
It usually does not cover actual Defective Workmanship, Material or Design – only the consequences thereof – and contractors and their clients should ensure that their Professional Engineers have their own required Professional Indemnity Cover in place to protect them against these risks.
“Insurance is more than just the money.”
“Thank you so much for your ever-present, efficient service. Many people tell me to switch to cheaper insurance providers but I continue to get such efficient service with CC&A. Most times it is more than just the money.”
Vanessa, CC&A client
Cutting Cover Means Cutting Corners
As a contractor, you know insurance is important for the financial survival of your business. But it’s also important to understand that the wrong kind or insufficient, insurance could mean bankruptcy.
The construction industry isn’t immune to the effects of a depressed economy, but don’t let your broker talk you into cutting cover to get cheaper premiums. This is when critical components of your insurance are sacrificed, and a comparatively small saving could end up costing you a fortune if you need to claim.
We’ve Got You Covered
CC&A Insurance Brokers offer comprehensive Contractor Liability and All Risks insurance. We provide a complete service, including dealing with client queries, providing advice, implementing of cover, updates, amendments and start-to-finish claims processing. Contact us today for peace of mind contractor cover.
This information should not be considered legal or financial advice and is for information purposes only. You should consult with a professional financial advisor to determine what may be best for your individual needs.