Business Insurance

Construction insurance falls in two categories:

Contract Works Policies

Contract Works policies can include cover for:

Construction of residential, commercial or industrial buildings and other structures, and can include cover for:

• Fire
• Theft
• Construction collapse
• Natural disaster such as earthquake, flooding, storm
• Defective design, workmanship or materials
• Erection and installation of machinery, plant and equipment
• Dry and wet civil works
• Legal liability
• Advanced loss of profits
• Advanced loss of rental
• Delay in startup
• Holding costs and standing charges

Builders Warranty Insurance

Builders Warranty Insurance protects consumers from financial loss caused by a builder’s failure to rectify or compensate for defective or incomplete residential building work. Builders are responsible for taking out Builders Warranty Insurance at the time of entering into a building contract with a homeowner. Owner builders are also required to obtain Builders Warranty Insurance if the property is to be sold within six years of obtaining the occupancy permit.

 

More Information

For more information on business insurance, call us on 1800 940 480 or complete our online enquiry form.