The insurance required will depend on the wording of the contract, the services you provide and any requirements imposed by the client, principal or head contractor.

Common contractual requirements can include:

• Professional Indemnity Insurance for advice, design, certification or other professional services
• Public and Products Liability Insurance for certain third-party personal injury and property damage exposures
• Contract Works Insurance where responsibility for construction works or materials is involved
• Workers Compensation Insurance where required under the applicable state or territory arrangements
• Commercial Motor Insurance
• Plant and Equipment Insurance
• Cyber Insurance

What else should I check? #

A contract can also specify:

• Minimum policy limits
• Excess requirements
• How long insurance must remain in place
• Run-off periods
• Principal’s Indemnity requirements
• Whether another party must be noted or insured
• Waiver of subrogation provisions
• Cross-liability requirements
• Particular policy wording or insurer requirements

Webber Insurance can review insurance clauses from an insurance broking perspective and explain how they compare with your existing insurance arrangements.

This is different from reviewing the legal effect of the contract itself.

Where appropriate, we may also be able to arrange for particular insurance clauses to be considered by an external legal partner. Any legal advice is provided by that legal provider, not Webber Insurance.

Contracts can contain indemnities, warranties, liability assumptions and other obligations that extend beyond the insurance requirements.

Where possible, send the contract to us before signing so there is time to identify the insurance implications.

Contact our team if you need assistance with contractual insurance requirements.