A legislative requirement under State/Territory law in NSW, ACT, VIC, SA and WA for contracts over $20,000 in NSW & WA (or $12,000 in VIC, ACT & SA). It covers homeowners from faulty workmanship or non-completion of a contract if the builder is unable to complete the works due to death, insolvency or disappearance.
Structural Defects Liability
Provides cover to the licensed commercial builders for their legal accountability in reference to structural defects occurring in a building they have completed.
Consequential Loss/Delay in Start-Up
Covers the risk of financial loss incurred past the original scheduled completion date due when the delay is caused by physical loss or damage to the project.
Contractors All Risks – Material Damage
Covering physical loss or damage to contract works during a construction project. This can include improper construction of structures and damages that happen during renovations.
Contractors Mobile Plant & Equipment
Covers theft, breakdown or damage of a large range of mobile plant & equipment including bobcats, bulldozers, cranes, concreting equipment, excavators, forklifts, farming machinery, loaders and road work equipment
Faulty Workmanship coverage
Covers the cost of rectifying faulty workmanship, regardless of whether the rectification work is undertaken by you or someone else.
Covers third parties from pollution caused by your business’s activities including personal injury and property damage. Coverage can include clean-up to remove hazardous substances and restoring properties to usable condition.
Third Party Liability & Completed Operations Liability
Covering a contractor’s liability for property damage or injuries to a third party once contracted operations cease.
Tools & Portable Property
Covers theft or accidental damage to the portable devices that you use away from the office to run your business such as tools, laptops and mobile phones.