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.
