Construction Risk Insurance

Construction risks insurance covers legal responsibility for third party injury and property damage, also as physical loss, destruction or damage to property. This policy is needed because industrial particular risks and products and people liability coverages typically exclude building tasks.

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Who’s insured?

  • Your organisation as the job principal
  • Job and building supervisors
  • Any other parties by arrangement involved in processes of works

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What’s covered?

      Works in progress and construction materials against damage or loss through the building period, like:

    • Temporary or permanent constructions, equipment and materials
    • Temporary buildings, job buildings, camp buildings and all contents of formwork, fake- hoardings, work, scaffolding, access platforms and mouldings
    • Consumables, electronic information and drawings, records
    • Transportation System within Australia of construction materials
    • Offsite worksites or associated storage within Australia
    • Expediting expenses
    • Expenses and prices related to security and the temporary protection of property
    • Legal responsibility for property damage and third party personal injury arising out of the undertaking building tasks

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