Doc Summary
Builders can experience a range of claims during construction.
Different events can involve different insurance policies, so it is important not to assume every construction-related loss falls within Contract Works Insurance.
Examples can include:
- Fire or storm damage to works under construction
- Theft or vandalism
- Damage to construction materials
- Third-party property damage
- Injury to members of the public
- Damage involving subcontracted work
- Theft of tools or equipment
- Vehicle or plant incidents
- Professional services or design allegations
Which insurance can respond? #
Contract Works Insurance can cover certain physical loss or damage to insured construction works and materials.
Public Liability Insurance can respond to certain legal liabilities involving third-party personal injury or property damage.
Other claims may involve:
- Plant and Equipment Insurance
- General Property
- Commercial Motor
- Professional Indemnity
- Management Liability
- Workers Compensation
Client disputes about delays, variations or contractual performance do not automatically fall within insurance cover.
The nature of the allegation and policy wording need to be considered.
Contact our team if you would like to review the insurance exposures associated with your building projects.
