JCT 5.4A Insurance
There are many variations to a JCT (Joint Contracts Tribunal) Contract. A JCT 5.4A is a contract that requires the employer of a property development, or building project, to be included as a ‘joint name’ with the contractor, on an insurance policy. It’s usually the main contractor’s Contractors All Risks or the Contract Works policy that covers liability for the work in progress. However, if the two policies are separated, it’s preferable to have the employer jointly noted on both of those policies. This is to ensure that, if anything happens to the contractor, the employer, or developer, is financially protected.
Sometimes, there may be an issue with the contractor’s insurer, who may decline to add the employer to the policy. If this does occur, then the employer can obtain a Contingent policy for Contractors All Risks and Contracts Works in both names for the build. This will safeguard the developer for the life of the project. Complexities like these require expert knowledge and experience of construction industry insurance. At Construction Insure, that’s exactly what we have. And we specialise in simplifying the insurance process for you.
There are different types of JCT that may be more relevant to your build. We’ll help you obtain the correct one for you. Here’s a short explanation of the different types available below.
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Whatever your JCT 5.4A insurance requirements, please get in touch today for a free no obligation quotation.