JCT Compliant Contracts Insurance

This is an area of insurance which is often misunderstood by Brokers and can leave a Principal and Contractor with inadequate cover or no cover at all.

We can advise Principals, Contractors, Architects, Surveyors, Project Co-ordinators and Property Management Companies on the insurance implications of JCT contracts and provide insurance solutions to comply with JCT contracts.

These include:

  • Existing structures where the JCT contract demands the Principal insures on a joint named basis with the Contractor
  • Short period contract works policies where the JCT contract demands these are the responsibility of the Principal
  • Terrorist covers
  • Non-negligent so called 21.2.1 or 6.5.1 covers for removal of support and damage to surrounding properties not part of the works
  • Professional Indemnity requirements
  • Latent Defects

Insurance Tip number 23
Are you aware that on most insurance policies the insurer can include a low claims rebate clause which would give you back premium in the event of a good claims year?
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Jackson Insurance Brokers Ltd is an Authorised Representative of A-One Insurance Services (Bmth) Ltd which is authorised and regulated by the Financial Conduct Authority info@jacksonib.co.uk 0333 222 1185 © jacksonib.co.uk September 2012