What is contract works insurance?

Contract works insurance is a type of coverage that protects construction projects against loss or damage. It typically covers the building work that is underway, as well as materials and equipment on site, depending on the policy specifics.

Who needs contract works insurance?

Contract works insurance is often needed by builders, contractors, and property developers involved in construction projects. It can provide protection for those responsible for the project against unforeseen events that may cause damage or loss during the construction period.

Does contract works insurance cover subcontractors?

Contract works insurance can cover subcontractors, but this depends on the specific terms of the policy. It's important for the main contractor to ensure that subcontractors are included in the coverage or that they have their own insurance in place.

Can contract works insurance cover delays in construction?

Contract works insurance typically does not cover delays in construction. It usually focuses on physical loss or damage to the construction project. However, some policies may offer additional coverage options that address financial losses due to delays, so it's important to review the policy details.

Insurance Forms/Contract Works

🏢 Select Office

Select Office:

🤝 Broker

👤 General Applicant Information

Named Insured:	ABN (if applicable):
Business Address:
Business Activities (detailed scope of works):
Year Business Established:	Industry Experience (if new venture):
Previous Entity (incl. reasons/claims if any):

GST

Registered for GST? YesNo

Input Tax Credit entitlement (%):

Other Insured Parties

PrincipalSub-contractorsOthers (describe)

📅 Period of Insurance

Policy Period: From To

Construction Period (months):

Maximum Defects/Maintenance Liability (months):

Testing & Commissioning (weeks):

🗺️ Geographical Limits

Material Damage – Any one Contract Site anywhere in:

Liability – Anywhere in:

🏗️ Insurance Details

Contract Types (% of Activity)

Residential %	Light Commercial %
Industrial Contracts %	Multi-Storey Commercial %
Civil (Dry) %	Civil (Wet) %
Simple Mechanical %	Others (specify)

Where are your contracts predominantly based?

City CBD % |
Residential Metro % |
Country / Rural %

Any work performed above the 26th parallel? YesNo If Yes, % of work:

🧾 Project Involvement (tick all that apply)

Demolition above 10mBuildings/structures of heritage significanceAlteration to existing structureUnderpinning / piling / shoringRetaining walls >15m length and/or >2m heightBlasting or explosivesUnderground works (tunnels/shafts/mines)Road works / bridgesWork in/on/over/under permanent body of waterDirectional drilling / boringReblocking / restumping / house raisingWork at airports, aircraft, watercraft, motor vehicles, mines, power stations, petro-chemical, oil refineries, fuel depots, oil rigs, rail systemsExcavation >3mHazardous chemicals / flammable liquidsRefuse removal / disposalHot works (welding/cutting/grinding)Standalone swimming pool constructionPrototypes / experimental materials or methods

Details for any items ticked above:

📜 Contractual Liability

Have you assumed liability/waived rights (e.g., Hold Harmless)? YesNo

If Yes, details (attach contracts if applicable):

💰 Items Insured & Sums Insured

Insured Property

Contract Works ($)
Named Insured’s Plant & Equipment ($)
Existing Buildings/Structures of Principal ($)
Off-site Storage ($)

Percentages of Contract Value

Insured property whilst in transit (%)
Expediting expenses (%)
Removal of debris & other costs (%)
Professional fees (%)
Claims preparation costs (%)
Temporary protection (%)
Mitigation expenses (%)
Government & other fees (%)
Fire extinguishment costs (%)
Escalation (%)

Fixed-sum options (if used by market)

Search & Locate ($): Claims Preparation ($):

📦 Annual Cover Options

Contracts TransferContracts Commenced (run-off)

Estimated Turnover next 12 months (incl. principal-supplied materials) $

Estimated State Split

QLD $		NSW $
VIC $		WA $
SA $		TAS $
ACT $		NT $
O/S $

🦺 Risk Management – Subcontractors

Do all subcontractors carry their own Public Liability? YesNo

How is insurance confirmed? VerballySubcontract AgreementCertificate of CurrencyOther

Regular site meetings on hazards/risk? YesNo

What do you do to ensure worksite safety/security?

Annual payments to subcontractors ($):

👷 Risk Management – Labour Hire

Do you use labour hire personnel/companies? YesNo

Annual payments to labour hire ($):

Activities of labour hire used:

Limit of Liability Required

📂 Claims (Last 5 Years)

Date of Loss	Nature of Claim	Excess ($)	Amount Paid ($)

Attach claims history (if available):

🔎 Underwriting Information

Any insurer ever declined your proposal/application? YesNo

Any insurer refused/cancelled cover or imposed special conditions? YesNo

Any bankruptcy/insolvency/liquidation, appointed liquidators, civil court case, or criminal conviction? YesNo

If Yes to any, provide full details: