Contract Works Insurance
Protect construction projects from the unexpected, from commencement through to completion.
Protect what keeps your business moving
Damage, theft or an onsite incident can delay a project and create substantial financial pressure. Contract works insurance is designed for construction activity, helping protect the works, materials, equipment and selected liability exposures while a project is underway.
Who should consider it?
Contract works cover may suit commercial, industrial and domestic builders, subcontractors and owner-builders. Owner-builders often insure a single project, while professional builders may use an annual policy covering multiple eligible contracts.
What can it cover?
Depending on the insurer, policy and options selected, cover may include:
Physical loss of or damage to insured works, property, plant and equipment, plus debris removal.
Public liability, including selected subcontractor and cross-liability exposures.
Products liability where offered and selected.
Legal defence costs and expenses arising from a covered claim.
Optional cover for sudden and accidental damage to existing structures during renovation work.
Important considerations
Common exclusions may include consequential loss, rectification of defective workmanship, work underground or in water unless agreed, and losses occurring after work has ceased beyond the period stated in the policy.