Joint Names Insurance For Building Works
Watch our short video about the benefits of a jct contract.
Joint names insurance for building works. Where the work being undertaken is of a more substantial nature the property owner is likely to employ a professional team to oversee the project. The contractor to take out a joint names insurance cover for all risks in respect of new building work. All insurance on the works and materials is to be in the joint names of the employer and the contractor including sub contractors or subrogation rights are to be waived against them. Accordingly the insurance provisions are shorter and simpler than those in contracts such as the jct design and build contract.
Joint names contractor s all risks insurance is particularly common sometimes referred to as contract works insurance and covers all risks normally associated with a construction project. Home products propertyworks why propertyworks joint names insurance. We recommend that all of our customers purchase a joint name jct construction contract as part of their building works process. Works and existing structures.
The benefit of a joint names contract to the property owner is that they have control. Commercial building works insurance. Whether you are a builder architect project manager engineer or individual organising a self build project jct insurance expert has the right. In most cases this is issued in the joint names of the contractor and the employer and is arranged by the contractor.
This is a separate contract to your insurance policy however we will still provide a quotation for your works if you do not have one. The jct minor works building contract minor works is designed for smaller basic construction projects where the work is of a simple nature. Joint names policies are also common on building contracts involving renovations and extensions where it is normally taken out by the property owner. If this is acceptable to the insurers the wording of clause 5 4c contract particulars would simply reflect such arrangement as a requirement e g.
See if the proposed contractor s insurers would be prepared to provide joint names cover under a works policy for both the works itself and the existing structures. Not only can we arrange this insurance but we can tie in non negligence cover also known as jct 21 2 1 and jct 6 5 1 as well. The cover will typically be for both the existing structure and the works as this will provide the ultimate protection for the homeowner. From one off builds through conversions extensions and rebuilds to simple new home grand designs or major building projects jct insurance expert can help you find the best value insurance cover.
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