As Hurricane Teddy passes by Bermuda, the BF&M office is closed today, Monday, September 21.
Please note our online Quote and Buy service for Marine and Home Insurance is currently suspended. Please call 295 5566 option 4 for assistance.

The application process for a one-time Pension refund per the Covid-19 Pension Act Amendment is NOW OPEN.  Click here to apply

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Do I need Contractors' All Risk insurance if I already have Property or Liability Coverage?

Standard coverage on Home and Commercial Property insurance policies does not extend to include contract work, renovations, extensions, demolition, and other work that is taking place on your premises.

As such, Contractors' All Risk insurance is necessary to cover the property under construction, as well as the original structure while it is in the contractor’s control. It can also provide Public Liability insurance cover specific to the job. So, if a member of the public is killed or injured, or their property is damaged as a result of your negligence, including that of your employees, the damages awarded against you by a court of law plus the legal costs of your defense will be covered up to the policy limit.

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