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The A-Z of Construction & Law

We’re hoping this will be a regular, maybe even weekly series of things we’ve learned about construction and law in the past 20 years. First up, All-Risks Insurance

What is it? Many contracts will require the contractor to take out ‘all risks’ insurance to cover reinstatement of the works in the event of some form of disaster. 

What do I need to know? Possibly most notably, ‘all risks’ will cover different risks depending upon what the policy says. So for example, the cover often won’t include pre-existing structural issues, or errors in design. Different policies might have different exclusions. So – it might not be all risks after all! 

How can I find out more? Paul Reed QC at Hardwicke wrote a book, but if you don’t have time for the full text, this law firm have given a few examples of the risks of CAR insurance.