Contract Works Insurance covers construction projects during their progress. It’s designed for builders, tradies, and property owners to protect against damage to the works caused by fire, weather events, vandalism, or theft during construction.Â
You can opt for a one-off policy for a specific job or an annual policy that covers multiple jobs throughout the year. The policy can also include:
- Materials stored onsite,
- Tools,
- Plant & equipment
- Customer-supplied goods
Public Liability cover can also be incorporated into a Contract Works Insurance policy and is generally referred to as Section 2 cover.
This cover is usually required under building contracts or by project principals and lenders. Without it, you may be left out of pocket if something goes wrong before handover occurs.Â
If you need assistance, please contact our team.