#Expediting expenses meaning free#

The following where the Insured undertakes a contract under JCT Standard Form of Building Contract 1998 (or the equivalent thereof). Completion shall mean completion apart from a prospective purchaser’s or tenant’s choice of decorations and/or final fitmentsĪny principal in a like manner to the Insured where required by the conditions of the contract in respect of contracts undertaken in the United Kingdom only 180 Days) after the date of completion of the work of building or erecting the last property on the contract site whichever is the earlier. In respect of such property cover shall cease to apply from:Ī) the date such property is sold or let orī) a period set out in the policy (e.g. Property being built or erected by the Insured other than under contract. Provided that the Insured is responsible for such loss or damage under the terms of the contract. Loss or damag provided to the property insured whilst in store other than the contract site. Provided that the total value of all such free-issue materials is included in any declaration made.

Including continuing hire charges in consequence of loss or damage covered under thsi section.įree-issue materials supplied by the principal or his agents and for which the Insured is responsible under the terms of the contract.

#Expediting expenses meaning free#

Personal tools and effects the property of the Insured’s employees other than motor vehicles, precious metals, precious stones or articles made therefrom or money.Ĭontractors’ plant the property of the Insured or on hire purchase or leased to the Insured comprising all types of contractors’ plant including scaffolding, temporary buildings, site office contents, site welfare facilities or as more specifically described in the schedule.Ĭontractors’ plant hired-in by the Insured but not on hire purchase or free loan to the Insured comprising all types of contractors’ plant including scaffolding, temporary buildings, site office contents, site welfare facilities or as more specifically described in the schedule. Iii) Maintenance: During the period of maintenance or defects liability not exceeding twelve monthsġ) arising from a cause occurring prior to the commencement of such period orĢ) occasioned by the contractor in the course of any operations carried out by him for the purpose of complying with his obligations under the maintenance or defects liability clause in the contract. Ii) Transit: whilst in transit (other than by sea or air) in the United Kingdom to or from the contract site Whilst on the contract site or adjacent thereto until the issue of a certificate of completion or until taken over by the principal and /or thereafter where the Insured is required to insure under the terms of the contract. I) The site: The permanent and temporary works executed in performance of the contract and materials for use in connection therewith. Insurance can also be arranged on an unspecified annual basis. Risk of loss or damage by fire, theft, storm and malicious acts are usual types of cover included. Cover can be extended to include own plant, site huts, tools, show houses and hired in plant. Cover is for contractor’s materials and contract works in course of erection generally against loss or damage at the unspecified contract location.

The employers name, nature and contract address is specified on the policy. Insurance can also be arranged for a specific site.Ī specific Contract works policy restricts cover to one contract.

Cover is for materials and contract works in course of erection generally against loss or damage for all unspecified contracts undertaken in a year. An annual Contract works covers all the contractor’s unspecified sites in any one year limited to the maximum any one contract value stated on the policy.