Two sections, a handful of key extensions – and a construction insurance quote already makes sense. Here's the basic map; the Insights library unpacks the details.
For building and civil engineering works: cover for the works under construction and related damage, on an all-risk basis – broadly speaking, whatever isn't excluded is covered. The typical framework from a family house to an office block.
For technological erection work: the installation and commissioning of machinery, equipment and production lines – including the sensitive testing and commissioning period (typically subject to a time limit, as set out in the policy wording). The framework for projects with an engineering focus.
In practice, many projects are mixed: construction and erection together. In that case, the main focus decides – for details: CAR and EAR: what's the difference?
I. Property section. Protection for the works under construction – the contract works: materials, structures already built in, work completed. This is where temporary works belong (scaffolding, formwork, site facilities), and this is also where existing property can be brought in, if the work is being carried out on an existing building.
II. Liability section. Cover for physical damage and injury caused to third parties – the classic case is cracking in a neighbouring building. An important boundary: this section is tied to the project, and it doesn't replace the company's own separate liability insurance.
The section structure, the limits and the deductibles differ from insurer to insurer – which is exactly why competitive comparison is worthwhile. The structure in detail: the CAR policy's two sections.
Even all-risk cover doesn't mean everything: contractual penalties and fines aren't an insured loss, wear and tear isn't an unforeseen event, and cover for design error has its limits. The full picture is drawn by two articles: what it covers and what it doesn't, and the exclusions map.
Premium figures can't responsibly be stated here – the premium is typically shaped by the project value, the technical scope, the duration, the range of extensions, the deductible and the claims history. The goal of good cover design isn't the lowest number, but making sure that, at claim time, the policy does what it was taken out to do – that's what the trap of the cheap quote is about.
As an independent broker, insurers compete for you – not the other way round. I don't charge a fee for advice – the insurer pays the intermediary's remuneration; it is part of the insurance premium.