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Contract Works Insurance
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Protect your residential and commercial construction projects with Vero’s comprehensive Contract Works cover.
Contract Works cover without the complications
If you are building, renovating or altering your property you need to have insurance that will protect your investment. Vero’s SiteCover and ProjectPlan contract works insurance policies are designed to reflect the requirements of leading construction contracts, but can be tailored to meet your specific contract requirements.
By having Vero as part of your construction team you can be sure that you have access to an insurance policy to protect your asset from the unexpected.
Contract works policies can include:
- Cover for all parties required to be insured in terms of the construction contract. Principal-arranged insurance can include all contractors and sub-contractors with automatic waiver of cross-recovery.
- Special conditions for complex construction projects.
- Cover for additional costs incurred following accidental loss. This can include expediting, clean-up, debris removal and additional professional costs.
- A provision to reduce the risk of underinsurance by allowing for an increase in the construction costs during the construction period.
- Cover for increased reconstruction costs (beyond the original construction cost) following accidental loss.
- Cover for the testing and commissioning of new plant and equipment.
Making a claim
If you need to make a claim, or have a question about a claim, contact your broker or adviser or you can call us on 0800 800 134 — we’re here to help.
Documents
SiteCover
ProjectPlan
Single Period Only Application Form
Brokers can find more documents in the Broker & Adviser centre.
Excesses, terms, conditions, limits and exclusions apply to these policies. Please check the policy wording for details of cover. The provision of cover is subject to the underwriting criteria that apply at the time.
Our website provides general information about our products and services to help you make choices when it comes to protecting the things in life and business that really matter and is not intended to be financial advice. For advice on product suitability, please contact your financial adviser.
