Preferably be effected by the employer – if the goods are stolen (or etc?) the employer gets the money to replace them … and instructs via the contract procedures to purchase the items lost … may require a new guarantee etc

  1. Only deal with a broker experienced in the construction industry
  2. Only deal with an insurer experienced in the construction industry
  3. “Insurance” is not a ‘do it yourself’ activity
  4. Insist on ‘project based’ insurance that remains in force until completion – avoid an annual policy that can lapse or be cancelled at any time
  5. Note: ‘load shedding’ is not an insurable risk – some insurers offer interruption of utility services (electricity, water, gas) policy

Note: In State Contracts the contractor insures the project in terms of the specification, cost to the project