Construction projects can encounter various issues that may lead to significant financial losses and harm your reputation. It’s essential to manage risks throughout every phase of a construction project and safeguard both yourself and your assets in case of an incident.
Contract Works Insurance, also known as Construction Works Insurance, offers coverage for your construction project. This insurance includes protection against accidental theft and damage to the contract works during construction, as well as third-party liabilities and compensation.
Do I need Contract Works Insurance?
If you’re a principal, builder, contractor or tradesperson working on a construction project, then you can benefit from Contract Works Insurance.
What does this Insurance cover?
A typical Contract Works Insurance policy will provide cover for:
- Delay in start-up
- Material damage or theft of contract works
- Third party property damage
- Material damage to on-site plant and equipment and existing structures
- Third party bodily injury
- Legal Liability
- Advanced loss of profits and rental
General Advice Warning
The information provided on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice on this website is General Advice and does not take into account any person’s individual investment objectives, financial situation or needs. Before making a decision based on this advice you should consider whether it is appropriate to your particular circumstances.
Where the General Advice relates to the acquisition or possible acquisition of a financial product, you should obtain a disclosure document, including the Product Disclosure Statement (PDS) and, where available, Target Market Determination (TMD) relating to the product and consider the content before making any decision about whether to acquire the product.
Authorised by Clearlake Insurance Brokers ABN 16 651 113 861 AFSL 559829
How Clearlake Insurance can help
At Clearlake Insurance Brokers, we recognise that each project has its own unique characteristics. We will carefully evaluate your specific risk management needs and exposures to provide insurance solutions that are customised to fit both you and the requirements of your project.
For more information or to arrange cover, please contact us on 02 9037 8970 or simply fill out the form below and one of our insurance brokers will get in touch shortly.
