Contract Works Insurance is designed to protect construction works while a project is underway.

It can be relevant to:

• Builders
• Contractors
• Tradespeople
• Developers
• Property owners undertaking construction projects

Subject to the policy wording, Contract Works Insurance can cover physical loss or damage to the insured works caused by events such as:

• Fire
• Storm
• Theft
• Vandalism
• Accidental damage

What property can be insured? #

Depending on the policy, cover can extend to items such as:

• Work already completed
• Materials incorporated into the project
• Materials stored onsite
• Temporary works
• Principal-supplied materials or goods

Plant, tools and equipment may require separate cover or specific sections of the policy and should not be assumed to be automatically included.

Single project or annual cover #

Contract Works Insurance can generally be arranged as:

• Single Project: Cover for one specific construction project.
• Annual Contract Works: Cover for multiple eligible projects commenced during the policy period, subject to the policy terms and declared limits.

What about Public Liability? #

Public Liability can often be arranged alongside Contract Works Insurance.

Some construction policies describe this as a separate liability section, but the structure and terminology vary between insurers.

Who is responsible for arranging it? #

Responsibility for Contract Works Insurance can be determined by the construction contract.

Builders, principals, developers and property owners should check who is required to arrange the insurance and what parties need to be insured or noted.

Contact our team if you would like help reviewing the insurance requirements for a construction project.