Thursday, September 09, 2010
Telephone number of Your Riask Adviser 1300-815-344

Contract Works Insurance

Contract works insurance is meant to cover-
Contract works insurance is designed to cover the materials used during construction of a new structure or alteration to an existing structure.

Contract works insurance typically covers-
Contract works insurance can be broadly broken into three sections:

  • Materials used during construction
    This section will provide coverage against most circumstances for materials already included within the structure, or awaiting inclusion.
  • Existing structures
    The section will provide extensive coverage for damage to existing structures as a result of a claim from  the addition/alteration
  • Public Liability Insurance
    Public liability insurance will provide coverage for not only the business insured, but also for claims arising from the operation/management of a construction site.

     

Considerations/Limitations to be aware of for contract works insurance
Contract works insurance can be written either to cover a single specified contract, or as an annual policy, including coverage for all contracts performed during the policy period.

Typically an annual policy provides the most comprehensive and cost effective coverage

Should you wish to discuss your individual insurance needs with a qualified risk adviser, please contact our office on 1300 815 344 or complete the attached Request a Quote form and we will respond within 24 hours.

View the most Frequently Asked Questions to learn more about the above class of insurance, or Ask a Question to our qualified risk advisers.

Those interested in the above class of insurance have also found the following of interest:

  • Public & Products Liability
  • Transit Insurance (Tool Coverage)
  • Income Protection Insurance

We hope you have found this information useful, so we can create the best insurance resource material available, please provide us with Your Feedback on the information provided or with suggestions on what else you would like included.