Contract Works Insurance can be arranged as either a single-project policy or an annual policy, depending on how you work. Both offer similar protection for construction projects, but their structure and flexibility differ.
Annual Contract Works Insurance
This type of coverage is designed for builders or contractors who undertake multiple projects throughout the year. It covers all eligible projects under one policy, typically for a 12-month period.
- Ideal for active builders or licensed contractors working across multiple sites
- Saves time by removing the need to arrange a separate cover for each job
- Reduces paperwork and can often be more cost-effective overall
- Meets licensing requirements for builders who need ongoing cover in place
- Covers eligible projects automatically during the policy period
Single-Project Contract Works Insurance
This option covers a specific job and ends once the project is complete or handed over.
- Suitable for one-off or high-value projects
- Starts when the work begins and ends at completion
- Often used by owner-builders or contractors working on a single job
- Products Liability is usually not included, as the cover ends when the project is finalised
- May suit small-scale builders or those who take on limited work throughout the year
Which one is right for you?
Choosing between the two depends on your business model, how often you take on new projects, and your licensing requirements. At Webber Insurance, we will help you determine what fits best and ensure your coverage meets your business requirements.
If you would like help reviewing your options or arranging cover, contact our team.
