Contract Works Insurance for Developers & Project Owners

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Protect your project value during construction — works in progress, materials, theft, fire, flood & weather damage

CALL FOR EXPERT ADVICE
GET A QUOTE NOW

We compare quotes from leading insurers

  • Allianz
  • Aviva
  • QBE
  • RSA
  • Zurich
  • NIG

CONTRACT WORKS INSURANCE THAT PROTECTS YOUR PROJECT VALUE

Why Developers & Project Owners Need Contract Works Cover

If you’re funding a build, managing a project, or holding responsibility under lender or contract requirements, you need protection for the value of the works while construction is ongoing. Contract works insurance helps protect your development against unexpected loss or damage — so the project can continue and finances remain secure.

Contract Works Cover for Developers

Cover for works in progress, materials, and the project value during construction — tailored for developers, SPVs and project owners.


  • Works in Progress - Protection for the build while it’s being constructed or refurbished.
  • Materials on Site - Cover for materials stored on-site or in secure temporary storage.
  • Fire / Flood / Storm - Protection against major perils and weather damage.
  • Theft & Malicious Damage - Cover for vandalism and theft of installed and uninstalled materials.
  • Multiple Contractors - Options to cover multi-contractor sites and phased developments.

Common Construction Risks for Developers


  • Fire, flood and storm damage during the build
  • Theft of high-value materials (copper, appliances, fixtures)
  • Vandalism or malicious damage to unfinished properties
  • Accidental damage caused by contractors/subcontractors
  • Uninsured gaps between contractor policies
  • Phased handovers, partial occupation and practical completion risks
  • Damage to temporary works (hoarding, scaffolding, site cabins)
  • Lender / funder insurance requirements

Why Choose Insure24


  • Developer-Focused Advice - We understand lender expectations, contract wording and project structures.
  • Fast Quotes - Quick turnaround for live projects, refinances and new starts.
  • Competitive Markets - Access to specialist construction and property markets.
  • Flexible Structure - Options for single projects, phased builds and portfolios.

How to Get Contract Works Insurance


  • 1. Tell Us About the Project - Location, build type, project value, and programme dates.
  • 2. Confirm the Structure - Developer / SPV / project owner details and contractor arrangements.
  • 3. Choose Your Cover - Sums insured, key perils, and extensions (e.g., non-negligent liability).
  • 4. Bind Cover - Documentation issued quickly to satisfy lender/contract requirements.

Contract Works Insurance for Project Types

We can arrange cover for a wide range of developments and construction projects.

Residential Developments


  • New build houses and small housing schemes
  • Extensions, conversions and refurbishments
  • Flats and apartment blocks
  • Phased builds and staged practical completion
  • Protection for materials and works in progress

Commercial & Mixed-Use


  • Retail units, offices and industrial refurbishments
  • Mixed-use developments (residential + commercial)
  • Fit-out projects and CAT A/CAT B works
  • Multiple contractors working on one site
  • Lender/funder compliant documentation
Quote icon

Insure24 helped us put contract works cover in place quickly to satisfy our lender requirements and protect the development during the build.

Development Manager, UK Property Developer

PROTECT YOUR DEVELOPMENT


  • The cost of repairing or rebuilding damaged works in progress
  • The replacement cost of stolen or damaged materials
  • Losses caused by fire, flood, storm or accidental damage
  • Protection during phased works and staged completion
  • Peace of mind for funders, lenders and stakeholders

Compliance & Contract Requirements

Developer insurance arrangements are often driven by funder, lender and contract conditions. We can help align cover with common requirements such as:


  • Lender / funder insurance conditions and evidence of cover
  • Contractual responsibilities (project owner vs contractor)
  • Appropriate sums insured aligned to project value
  • Phased completion and partial handover considerations
  • Extensions (where needed) for wider construction exposures

FREQUENTLY ASKED QUESTIONS

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What is contract works insurance for developers?

Contract works insurance protects the project value during construction. It typically covers works in progress and materials against insured events such as fire, flood, storm damage, theft, vandalism and accidental damage.

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Is contract works insurance required by lenders or funders?

Often, yes. Many lenders and funders require contract works cover to protect the build value while construction is underway. Requirements vary by project and finance arrangement, so we’ll help align the policy with your conditions.

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Does it cover multiple contractors on site?

Yes — policies can be arranged for multi-contractor sites, phased works and developments involving multiple subcontractors, helping reduce gaps where separate contractor policies might not respond.

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What is typically not covered?

Exclusions vary by insurer and project type. Common examples may include wear and tear, defective workmanship/materials (though resulting damage may be covered), and losses arising from known issues prior to inception. Always check your policy wording.

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How quickly can you arrange cover?

In many cases we can provide indications quickly, and place cover promptly once we have key details such as project value, location, duration, contractor arrangements and any lender requirements.

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