Construction insurance

Advice on insurance should be undertaken with caution and deferred to specialists as often as possible. Surveyors who do provide insurance advice may find it necessary, in the future, to be regulated as insurance intermediaries.

The insurance needs of a project are detailed in the contract, for example, the JCT’s standard forms of contract gives three options for insuring the works. Insurance provision should be detailed and planned for as part of the project plan.

As a contractor’s insurance is not intended to be project-specific, it should be checked as part of this process with regard to the details of the project and reviewed throughout the project to ensure it remains appropriate.

This section is maintained by Phillip Lamb of CLEAR MPW Insurance Brokers.