Construction Works Insurance (otherwise known as Contract Works) is taken out to cover a specific construction project, or annually to cover a number of projects. Coverage is generally arranged by the principal or head contractor and provides access to two sections of coverage.
Section one covers Material Damage occurring on the job site and section two covers Public and Products Liability for third party property damage or third party bodily injury arising out of your negligence.
The policy provides indemnity for insured parties reflecting the provisions of the contract entered into. Coverage is generally extended to include the contractor, the principal, sub-contractors, financiers and other interested parties to the contract.
Build your business on strong foundations.
Cover that suits you.
|One project at a time OR|
|Annually to cover a number of projects|
|Third party property damage|
|Third party bodily injury|
We have your Construction Works Insurance needs covered:
BROAD THIRD PARTY LIABILITY COVER
AUSTRALIA WIDE TOOLS COVER (optional)
COVER FOR MATERIALS IN STORAGE / TRANSIT
COVER FOR PROPERTIES UNDER CONTRACT OF SALE
NO LIMITS ON EXCAVATION / UNDERPINNING
The Construction Works Insurance also features coverage for the following items which will generally be additional contractual requirements under a construction contract:
- professional fees
- debris removal
- defects liability period
- principal supplied materials
- inland transit
- off-site storage
A Construction Works policy should also include an escalation provision to provide protection in the event that escalations and/or variations to the contract result in the project exceeding the limit of any one contract.
Get a quote today or call us on 1800 150 888 and speak to one of our friendly staff.
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Getting a Construction Works Insurance quote from MBAIS:
For WA, TAS, NT and ACT: Download the Construction Works & Workers Compensation Quote form
For all other states: Download the Construction Works Quote form×