And where negligence cannot be proven, any damage or injury to third parties will not be covered by the Contractor’s Public Liability Insurance. When undertaking building developments or refurbishments, the Contractors All Risk Insurance unfortunately doesn’t cover you for any possible damage to neighbouring property. It seeks to set out the responsibilities of all the parties involved in the process of the build. Since 1931, the Joint Contracts Tribunal (JCT) has produced contracts for the UK construction industry used to avoid conflicts and disputes. The JCT Contracts are standard forms that are written in joint names laying out the responsibilities for both parties (the Contractor and the Employer) within the process of the build and their obligations towards each other. JCT Contracts and JCT Insurance, otherwise known as 6.5 1 Insurance, now covers a suite of contracts used by the building industry to help deliver your construction project. However, this would lead to many disputes on how claims would be settled. In the past, within construction, the insurance industry preferred the Employer to insure the existing structure of a building being renovated and the Contractor to insure the works done. We have made some relevant updates to this guide, including updates to the complication of JCT Contracts and Termination of contracts sections of this article.
The Coronavirus (COVID-19) has created complications with JCT Contracts.
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