Construction

What is construction insurance?

A construction policy often combines the specialist cover for construction works and owned and hired machinery and plant with the protection you’d get from insurance for buildings, liability and business interruption.

Who may benefit from it?

Businesses that provide construction services, such as building new structures, renovating existing ones or working on engineering projects.

When would it help?

Construction insurance can be tailored to protect you for the whole length of your project. As well as paying for any damage to buildings and contents, helping with costs and losses relating to liability issues and business interruption, construction insurance may help if:

plant or machinery belonging to contractors or that is hired is damaged;
contract works are affected by an unexpected incident, such as flooding or vandalism; or
materials or tools are stolen from a work site.

Business vehicles

Business vehicles insurance is specially designed for business cars and vans and gives protection in case they're involved in an accident or damage other property.

Liability

As well as having the building and contents insured, you might want public liability insurance. This insurance can provide protection against personal injury or property damage claims from members of the public. There are other types of liability cover a business might also require, including employers' liability, professional indemnity, and directors and officers insurance. Your insurance broker will be able to help you to establish which covers are best for your business.

Cargo

During transportation in the UK and overseas, stock and equipment might become damaged or lost so it can be reassuring to have insurance in place. Cargo insurance can be bought on an annual basis or just for a single trip.

Why choose Allianz?

Claims

UK based claims services with specialist engineering claims teams.

Risk management

Free expert help handling the risks your business faces.

Expertise

Over 125 years’ experience as part of one of the largest insurers in the world.

Contact your insurance broker

Speak to your insurance broker to help you arrange your construction insurance.

Find a BIBA broker

Frequently asked questions

I’m planning a construction project – at what point do I need to speak to my broker?

It's best to discuss what insurance needs to be put in place to protect your project before involving any contractors.

Does construction insurance include protection against financial losses and extra expenses if there are delays during the project? For instance, if works are delayed due to an accident, extreme weather conditions or defects that may be found during the project.

It’s possible to get insurance for delays to your project. You should make sure you speak to your broker about any concerns you might have about loss of revenue or additional costs that could come up.

Are temporary structures e.g. site offices protected in the same way as the buildings we’re working on are?

Temporary site buildings may be included in the definition of contract works (i.e. work in progress), but make sure you discuss this with your broker as it might be necessary to make amendments.

What is construction insurance?

Who may benefit from it?

When would it help?

What else might you want insurance for?

Why choose Allianz?

Contact your insurance broker

You might also be interested in:

Allianz engineering inspection services

Frequently asked questions

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