Construction Insurance
- Cover for principals, builders and contractors - residential, commercial and industrial,
either annual or single project cover
- Infrastructure project cover across Australia including a tailored policy inclusive
of professional indemnity for project and program alliance contracts. Erection insurance
for capital plant expenditure, advanced loss of profits for single projects by principals
Construction insurance (Contract Works Insurance or Construction All Risks Insurance)
is extremely important for anyone building, renovating or extending a home.
What does Construction Insurance cover?
Construction insurance covers defined events realistically expected during the construction
of a building. Typically but not limited to fire, storm, impact, malicious damage
and theft.
What does Public Liability cover?
Public Liability Insurance covers third party personal injury and property damage
that occurs during the period of the policy for which you are legally liable.
What is Owner Builder Warranty?
Owner Builder Warranty Insurance is for benefit of the purchaser and does not provide
any cover to the Owner Builder. It is compulsory in some states (including NSW and
Victoria) and in various forms in other states.
Typically it applies to any residential building work undertaken by an Owner Builder,
in excess of statutory limits, where an Owner Builder permit was issued.
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