Is there a system in place to confirm that all Contractors have Public Liability insurance with a sum insured that exceeds the value of a total loss?
Are all “Hot Work” activities such as use of blow torches/welding/grinding etc controlled using a “Hot Work” permit system?
Is there a list of approved contractors?
Contractors All Risk Insurance – Please refer enquiries to your member representative
All building work should be notified.
The MDBI master policy has a contract works extension that has insurance up to a limit available for works programmes agreed with the insurers.
The work covered is generally limited to non-structural alterations and renovations within the existing building. Please note that this insurance is not available for structural work such as strengthening, building moves, new builds and additions.
The insurance can be applied for by providing AIB with a building contract or scope of works document at least two weeks in advance of the projects commencement.
- Please note that Contract Works sub-limit is within the sum insured (not additional). In the event of total loss, the maximum that the policy will pay is up to the declared sum insured.
- Please also note that it is not warranted that the policy complies with the requirements of the specific contract cover and is only warrantied to policy terms.
Member Advisory.
A separate policy will need to be arranged for projects that can’t be insured via the extension.
Please note that contractors will often offer cover themselves but allowing the contractor to issue the insurance has items to be aware of:
- The contractor will tend to own the insurance and put their interest first.
- The contractor may not know all of the other contractors and sub contractors and there is a danger that some parties to the contract may be missed from the insurance.
- If the work is to an existing building then the contractor will have no interest in that building and / or its existing insurance.
- The contractor may treat the premium as a contract item and load it with a margin.
DEFICIENCIES LIST
List any defects, who will fix them, and the time for completion.
Please understand that this checklist is intended as a guide only and should not be used in any other context, or as a replacement for tailored financial advice.
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