Why chose a contractor with contracts cover?

When it comes to construction, every project, regardless of size or complexity, carries risks. While you may have home insurance, it's important to know that this coverage typically only protects completed work. This means that during the construction phase of your extension or renovation, your home insurance won’t cover any potential damage. That’s where Contract Works Insurance comes into play. It ensures that your property and the work being done are protected throughout the entire construction process.
 

Imagine you’ve invested time and money into a significant home improvement project, only to have it damaged by an unforeseen event such as a fire, flood, or vandalism. Without Contract Works Insurance, you could be left to cover the costs of repairs or reconstruction out of your own pocket. This insurance acts as a safety net, providing financial support and peace of mind during the build.

When considering how much Contract Works Insurance to obtain, think about the total cost of your project, including labor and materials. It’s crucial to ensure that you have enough coverage to fully protect your investment. For example, if your project costs around £1 million, it’s advisable to have an equivalent amount in insurance coverage. This way, if anything were to happen, you would be adequately compensated for your losses.
 

What Does Contract Works Insurance Cover?
 

This type of insurance covers a wide range of scenarios related to your construction project. It can protect you from financial loss due to:

• Damage to the Building: If an unexpected event, like a fire, damages your partially constructed home, this insurance can help cover the costs of repairs.

• Theft or Vandalism: Should your construction site be broken into, and tools or materials are stolen or damaged, Contract Works Insurance will help replace these items.

• Your Tools and Equipment: If you own tools or equipment used for the project, this insurance can cover losses or damage to those items as well.
   

By securing Contract Works Insurance, you’re not only protecting your investment but also ensuring that you won’t face overwhelming financial burdens due to accidents or disasters during the construction process. It allows you to focus on your project, knowing that you have the necessary coverage in place.
 

Always check the specifics of your insurance policy to understand exactly what is covered. Being informed will help you make confident decisions and ensure that your project runs smoothly.

 

With Kenward & Stevens Carpentry & Construction LTD, you can have peace of mind knowing that your project is well protected. Our standard contracts cover projects valued up to £500,000 for a duration of six months, ensuring that you are safeguarded against potential risks during this critical period.

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What sets us apart is our commitment to customization; we understand that every project is unique. That’s why we tailor each contract to meet the specific needs and requirements of your project, ensuring that you receive the best possible coverage and support throughout the construction process.
 

Additionally, our contracts are backed by the Federation of Master Builders (FMB), adding an extra layer of reassurance that your project is in capable hands.