If you’re taking on a building project, it’s a good idea to take out joint contracts tribunal (JCT) insurance and ensure that your contractor has public liability insurance and that all professionals you hire have professional indemnity insurance. With a specialist JCT insurance policy from Livingstones Insurance, you can rest in the knowledge that you’re covered if something goes wrong.
What is JCT insurance?
A JCT contract lays out the liabilities and responsibilities of all parties involved in a building project. JCT insurance is a specialist insurance policy that is designed to protect the contractors, developers and client when someone files an insurance claim that has not arisen as a result of negligence.
What are the different types of JCT insurance?
For a JCT standard building contract, Livingstones Insurance offers the following insurance options:
During the construction of a new building, the contractor is required to take out all risks insurance for the project.
During the construction of a new building, the employer is required to take out and maintain the joint names all risks insurance of the project.
When an existing structure is being renovated, the employer is required to take out and maintain the joint names all risk insurance of the project. Any replacements or repairs to the existing structure and its contents are insured against damage caused by ‘specified perils’.
Get in touch with the experts at Livingstones Insurance today
Our team at Livingstones Insurance are experts in JCT insurance, so if you’re taking on a building project and want to ensure that you’re covered in the event of a disaster that wasn’t your team’s fault, a specialist JCT insurance policy from us will provide you with the coverage you need to keep you out of hot water financially.
Call us now on 020 8903 9412.