Contractors’ All Risks (CAR) Insurance for Builders & Developers | SRS Insurance
Protect your construction projects with SRS Contractors’ All Risks (CAR) Insurance. Covers contract works, public liability, tools, and plant for builders and developers.
Comprehensive Cover for Construction Projects
SRS Insurance provides Contractors’ All Risks (CAR) Insurance — a specialist policy that protects your building project from start to finish.
It covers the works under construction, tools and machinery, and liability for third-party damage, ensuring that your business stays protected against unexpected setbacks such as fire, theft, flood, or vandalism.
Whether you’re a builder, developer, or subcontractor, CAR Insurance is often a contractual requirement under JCT agreements, lender conditions, or local authority tenders.
Who Needs CAR Insurance?
CAR Insurance is designed for anyone involved in construction or property development, including:
- Builders and general contractors
- Developers (including self-build projects)
- Renovation and refurbishment specialists
- Property investors managing conversions or extensions
- Design & build companies
- Subcontractors working on large-scale projects
- Principal contractors under JCT or commercial contracts
It’s often required under:
- JCT contract terms
- Lender or mortgage conditions
- Commercial or local authority tenders
What Does CAR Insurance Cover?
A CAR policy typically includes:
Contract Works Cover
Protects the building works on site — including materials, labour, and temporary structures — against fire, flood, theft, vandalism, or storm damage.
Public Liability
Covers injury or damage caused to third parties or their property.
Employers’ Liability (if applicable)
Legally required if you employ staff or subcontractors under your supervision.
Own Plant & Hired-In Plant Cover
Protects machinery, scaffolding, tools, and hired equipment against theft or accidental damage.
Tools Cover (optional)
Protection for small tools and handheld equipment, up to chosen limits.
Contractor’s Joint Names Cover
Ensures both the contractor and property owner are insured under one policy — a common requirement in JCT contracts.
Example Scenarios Covered
Premiums depend on:
- Fire damages a partially built house extension
- Storm destroys scaffolding on a commercial site
- Theft of hired machinery or materials overnight
- A contractor accidentally drops debris onto a neighbour’s car
- A refurbishment project delayed by flood damage mid-build
How Much Does CAR Insurance Cost?
Premiums depend on factors such as:
- Contract value (works, materials, and labour)
- Project duration and type (new build, extension, renovation)
- Site security and location
- Claims history and experience
- Inclusion of plant, tools, or hired equipment
Example price guide:
- Small residential projects (under £100k): from £350–£900
- Larger commercial or multi-site projects: £1,000–£5,000+ Policies can be arranged on a short-term (3/6/12 months) or annual basis for ongoing projects.
Why CAR Insurance Is Essential
Without CAR Insurance, your business faces significant risk:
- Standard building insurance won’t cover works in progress
- Public liability alone doesn’t protect the project itself
- Fire, theft, or flood mid-project could cause costly delays
- Many clients and lenders require CAR cover before work begins
Why Choose SRS Insurance?
- Experts in construction and development insurance
- Access to leading UK insurers for competitive rates
- Cover compliant with JCT and lender requirements
- Fast documentation and simple claims process
- Independent advice tailored to your business needs
Get a Quote Today
Safeguard your construction projects with SRS Contractors’ All Risks (CAR) Insurance.
Call 01274 965791 or visit www.srs.insurance to request your personalised quote today.