JCT Contract Insurance

A JCT (Joint Contracts Tribunal) Contract is an agreement that clearly defines the responsibilities, and the liabilities, of each person or company involved in a building project. It acts as a safeguard for the client, developers and contractors in the event of a non-negligence insurance claim. At Construction Insure, we know which policies and contracts best protect your financial and legal liabilities on a build.

Types of JCT?

There are different types of JCT that may be more appropriate to your build. We deal with them all the time, so we’ll help you obtain the relevant one for you. Here are some examples of the different types.

JCT 21.21 protects you if there’s a non-negligence incident during the build. This is an issue, like lowering of groundwater, that couldn’t be foreseen and that non-one can be held liable for. However, remedial work would still have to be paid for. JCT 21.21 would cover these costs, even if there’s already a Contractors All Risks policy in place. The information the insurer would need would be, for instance: the scope and cost of the build, the original drawings and indemnity you require. This is something that we would, of course, help you with every step of the way.

JCT 5.4A is a variation where the property owner and contractor are name jointly on the policy for a new build. This is different from the contractor’s own ‘All Risks’ policy. Some policies do already include the developer as a matter of course, but we would advise you on any details like this.

JCT 5.4 is similar to JCT 5.4A. The variation is that, in this case, the developer and contractor are required to be named on the building insurance.

JCT 5.4C is another variation. This requires the contractor is added to the home policy, in effect, making it a ‘joint names’ policy for the building. This can be complicated, due to existing exclusions in some building policies. But we’re here to help simplify the process.

Need Insurance? Get in touch today!

Whatever your JCT contract insurance requirements, please get in touch today for a free no obligation quotation.





GETTING THE RIGHT JCT CONTRACT INSURANCE

What is a JCT Contract?

As you know, building projects can be complex. At the earliest stages, they may only involve an architect, working with the client or the developer. But, as the project progresses, surveyors, engineers, building contractors, trades and suppliers can all become involved. Which adds new levels of complexity and responsibility to the build. And if something goes wrong, it makes allocating blame and liability, more difficult.


What does JCT Contract Insurance Cover?

A JCT Contract takes care of this at the earliest stage of the project. It’s an agreement that clearly specifies what the project entails, who is involved at each point, the timing of their part of the build and the costs involved at that stage. In short, the agreement sets out the responsibilities of all parties involved in the project and their obligations to each other. It’s the type of agreement we know how to obtain for you. We’ve been helping contractors and property developers for forty years get the protection you need.


Why do you need a JCT Contract?

A JCT Contract covers you for non-negligence claims on certain types of builds. It protects you if problems come to light that couldn’t be predicted, such as subsidence compromising the building’s integrity. The agreement allocates that risk fairly, using the legal knowledge and experience of the insurers. It’s recognised and welcomed, by developers, contractors and clients because it speeds up the early stages of a project. Once the agreement is in place, the build can go ahead with the responsibilities of everyone involved clearly defined.

How do you get the right advice?

We know the right questions to ask you to make sure you get the cover you need. Because we’ve been insuring the construction for a long time, we’ll give you the help you need to make sure you’re fully protected from claims against you. Please call us on 0203 958 6868 so we can talk to you about the JCT that you need for your project.

WHAT OUR CLIENTS SAY

" Comparing like with like plus some lower excesses you have managed to save me in excess of £1500 or approximately 15% on my previous insurer. "

- Hew Stevenson, March 2018

" We found you to be more thorough, efficient and reasonably priced than our existing insurer. We would not hesitate in recommending you to anyone."

- Zena Nairi LLB (Hons) June 2018