Contract Works Insurance can cover certain physical loss or damage to insured construction works while a project is underway.

The exact cover depends on the policy, project and sections selected.

What can be insured? #

Depending on the arrangement:

• Construction works
• Materials at the project site
• Materials stored off-site
• Materials in transit
• Existing structures where specifically arranged
• Tools or equipment where included
• Plant where included

Insured events can include matters such as:

• Fire
• Storm
• Theft
• Malicious damage
• Accidental damage

subject to the policy wording.

What about existing buildings? #

For renovations, extensions and alteration work, the existing structure may need to be specifically insured.

It should not be assumed to form part of the Contract Works cover automatically.

Are tools and plant automatically covered? #

No.

Tools, plant and construction equipment may require:

• A separate policy section
• An extension
• Separate Plant and Equipment Insurance
• Separate General Property Insurance

You can also read more about tools and equipment under Contract Works Insurance.

What about Public Liability? #

Public Liability can often be arranged alongside Contract Works Insurance, but it should be confirmed on the policy schedule rather than assumed.

Depending on the construction contract and policy, insured parties can include combinations of:

• Builders
• Principal contractors
• Owners
• Developers
• Subcontractors

The required insured parties should be checked against the project contract.

Contact our team if you need help reviewing Contract Works Insurance for a project.