Potentially.

Contract Works Insurance can cover theft and malicious damage affecting insured construction works or materials, subject to the policy terms.

What property can be covered? #

Depending on the policy:

• Completed portions of the works
• Materials incorporated into the project
• Materials stored at the insured site
• Fixtures awaiting installation
• Other insured property forming part of the project

Tools, plant and equipment should not automatically be assumed to be included.

You can read more about tools and equipment under Contract Works Insurance.

What conditions can apply to theft? #

Policies can contain security requirements involving:

• Site fencing
• Locked buildings
• Locked containers
• Secure storage
• Forced or violent entry
• Alarms
• Storage locations
• Unattended sites

A theft claim can therefore depend on both the property stolen and how it was stored or secured.

Malicious damage or vandalism can also be covered subject to policy terms and exclusions.

Contact our team if theft or malicious damage is a significant exposure for your project.