Contractors All Risk

contractors all risk insurance is different to public liability insurance. The main purpose of public liability insurance is to protect you from legal liability for injuries inflicted on third parties, such as customers and members of the public. Public liability insurance also covers property damage that may result from your business activities. As an example, if your employees were to scratch a client’s walls when moving items, this damage would be covered by public liability insurance. A customer may also slip when walking through your store or office, and this may result in physical injuries. Such incidents are also covered by public liability insurance. The insurance company will pay the legal expenses related to the damage, and this includes any legal fees. Also, it will cover the compensation for the damage. Here are some areas which are not covered by public liability insurance, but they are covered under contractors all risk insurance: Damage to contract works that result from unexpected issues like floods, fires, and explosions Damage to contractors’ machinery or equipment at the worksite May not cover hot works and welding Issues with the piling, demolition, and excavation works Issues with marine cargo and inland transit when shipping goods