- Home
- Business insurance
- Contractor insurance
- Contractors all risk insurance
Contractors all risk insurance
Covers materials, equipment, and works in progress against theft, fire, and accidental damage
Minimises delays by covering repair and replacement costs, ensuring smooth project completion
Customised policies to match your project’s unique risks, giving you the right level of protection
Helping businesses with insurance for over 70 years
Finding you the correct cover
Get an online quote in 10 minutes, our experts are here to understand the finer detail.
In-house claims team
Here to guide you through the unfortunate event of a claim.
Variety of cover
We have multiple insurers, like your traditional household names alongside some more niche A-rated bespoke insurers.
Award-winning
Proven broker, we won silver in the Insurance Times award for Commercial Lines Broker Of The Year, 2022.
Search our panel of insurance specialists to find competitive cover
How contractors all risk insurance works
Also known as contract works insurance, contractors all risks insurance is a policy that supplies additional coverage for construction projects. It covers damage to the project site – including materials, unfinished works, and on-site equipment – due to accidental damage or loss.
With any construction project, there are various risks that could result in significant financial strain – the type that could put your work on permanent hiatus. Contractors all risk insurance means you can continue with project progress by covering repair and replacement costs.
Benefits of contractors all risk insurance
- Comprehensive protection: It offers broad coverage for damage to the construction site. This protection means financial stability is maintained even in the face of unexpected events like theft or fire.
- Keeps projects on track: Minimises delays by covering repair or replacement costs for damaged assets.
- Increases client confidence: Having this insurance highlights your professionalism and commitment to risk management. Along with strengthening client trust, it enhances the possibility of securing future contracts.
What other policies are required alongside contractors all risk insurance?
Public liability insurance
This liability insurance covers claims from third parties if your construction activities result in injury or property damage. Essential for protection against costly legal claims.
Professional indemnity insurance
Again covers legal costs, but this time for negligence. Indemnity insurance is relevant if a client claims financial loss due to your professional advice, design errors, or negligence.
Employers’ liability insurance
When employing staff, employers’ liability insurance is a legal UK requirement. If an employee is injured or becomes ill while working on-site, this insurance protects against claims.
Tools and plant insurance
If your tools and equipment have been damaged, lost, or stolen, this insurance coverage means you don’t have to replace them on your own.
How much does contractor all risk insurance cost?
Project size, location, and duration – these are defining factors that influence the cost of contractors all risk insurance. Insurers also consider numerous other elements, including the total contract value, the type of construction work, and the level of coverage required. As a result, there’s no definitive answer for how much this policy costs.
For instance, premiums are typically higher for projects with greater risks, like large-scale developments or those in flood-prone areas. Basic coverage starts from around £250 annually.
Select the right contractors all risk insurance with Radius
At Radius, we specialise in connecting contractors with the best insurance solutions for their needs. With many years of industry expertise, our team first considers your project’s unique requirements. We then match you with competitive quotes thanks to our extensive network of 120 insurers.
Whether safeguarding materials or covering unfinished works, our approach means you secure the right policy for your needs. Trust Radius not just to simply the process, but also to find the most cost-effective, comprehensive contractors all risks insurance coverage for your construction projects.
Frequently asked questions
Can’t find an answer to your question? Talk to the Radius customer support team on 0333 070 5876. We’re here to help you with any questions or concerns you may have.
Take control of more than just tradesman insurance
Business expense management
Radius' software integrates with over 20 accounting and ERP systems. Automate administrative tasks now to save time.
Invoice management
Free app to make claims on the go
Business energy
We have extensive knowledge of the energy supply industry and can identify the best opportunities for savings.
98% of our clients stay with us
Find the best gas and electricity deal for you
Why choose radius?
Our international presence impacts over 470,000 businesses across five continents.
Expertise
Our team has over 36 years of experience helping more than 470,000 customers globally
Trust
We are an internationally-acclaimed provider with numerous awards for our products and services.
Choice
Choose from our range of fleet, mobility and connectivity solutions that can be tailored to suit your needs.
Solutions
Use our award-winning technology and services to save your business time and money.
Can’t find what you are looking for?
Need help? The customer support team at Radius operates across more than 50 offices worldwide, providing local contact with a global presence. Let us know how we can assist you.
Radius Business Solutions (UK), a trading name of UK Fuels Limited, Radius Insurance Solutions Limited and Milestone Insurance Consultants Limited are owned by Radius Limited, with registered company number 08260702. Registered address: Eurocard Centre, Herald Park, Herald Drive, Crewe, Cheshire, CW1 6EG. Radius Insurance Solutions Limited is a registered company (number 3668469 and FCA reference number 300425). Radius Insurance Solutions is a trading style of Milestone Insurance Consultants Limited (registered company number 04587285 and FCA reference number 307191). Authorised and regulated by the Financial Conduct Authority.