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Sidney Cityscape

Construction Insurance

If you own or manage a construction site, consider that there are several potential risks that can disrupt your business’ operations.
 

We understands these risks and can give you options to protect you and your business. The policies we offer can be available as a one-off for a specific project, or you can take an annual policy covering multiple projects and sites Australia-wide.

We can tailor an insurance solution with a range of cover options to protect your contracted works against significant contingencies before, during and after completion, as well as anyone visiting or working on the site.​

Who is it for?
 

Contract Works/Material Damage Insurance is typically for builders, owner builders and other relevant building contractors.

 

What does this insurance cover?
 

A typical Contract Works/Material Damage Insurance policy will provide cover for:
 

  • Residential builders, including renovations and extensions

  • Commercial & Industrial Builders

  • Civil Contractors

  • Electrical and mechanical engineering

  • New constructions or alterations and additions

  • Projects of any value insured from owner builders to commercial firms.

  • Associated costs that result from loss or damage, such as demolition and removal of debris, professional fees and others.

  • Further sums insured are also available for expediting expenses, contractor’s plant & machinery, tools & equipment, temporary site infrastructure and cover for the existing building which is having work done to it.

  • All phases of work – Preparation, construction period, maintenance period and testing and commissioning.
     

Products Available:
 

  • Material Damage

  • Public & Products Liability

  • Excess Layer Liability

  • Annual Polices – contracts commenced and contracts transfer basis

  • Single Project Policies

  • Annual Declaration Policies

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Legal Liability Insurance:
 

  • Projects undertaken by builders, owners, contractors, financiers, or all parties to a contract that we agree.

  • All phases of work:  Preparation, construction period, maintenance period testing & commissioning.

  • New constructions or alterations & additions.

  • Products Liability for sale or supply of products or the completed operations (annual, multiple project policies only).

  • Construction & non-construction activities (a single policy can cover both).

  • Special risks such as vibration & removal or weakening of supports.

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