Construction Insurance
If you’re responsible for a jobsite, you want to make sure you’re covered for anything that might damage it. Ensure your project can keep moving forward with construction insurance.
The resource of choice for the country’s most forward-thinking insurance professionals.
The resource of choice for the country’s most forward-thinking insurance professionals.
Construction Insurance
Rely On A Reputable Insurance Broker
What is Construction Insurance?
Construction insurance (also known as contract works insurance or contractors all risks insurance) is primarily taken by commercial, residential & owner-builders.
However, it is also commonly taken out by specialist contractors engaged on these projects who must take responsibility for their own works (e.g. HVAC installers).
Most businesses will elect to take an annual policy that covers any projects which commence during the policy period. For specialist, ad hoc or owner-builders a single project policy is available too.
What can be covered
- The project under construction
- Damage to existing structures
- Materials in transit and/or in storage
- Public liability
- Malicious damage & vandalism
- Natural disasters, weather perils
What may not be
- Known defects
- Intentional misconduct
- Inventory shortage
- Projects exceeding declared duration
- Projects north of the 25th parallel (unless noted)
Get Started with Construction Insurance
Ensure your project can keep moving forward with construction insurance.
Construction claim example
Aaron is a roofing contractor engaged to replace the roof on his local church. One afternoon while working on the roof, he notices a large storm approaching.
Aaron secures the roof as best he can to try and protect the site. Unfortunately, the storm is too severe and causes damage to the work he’d done, as well as the materials on site.
Luckily Aaron had contract works insurance which paid for the replacement materials, and also Aaron’s fees while he redoes the work for the church.
The church is fortunate Aaron had more than liability insurance which wouldn’t have responded (he secured the work). If Aaron didn’t have contract works, the church may have been stuck and unable to pay for the repairs themselves.
Why Choose CIB?
Consolidated Insurance Brokers can help by placing you with the best policy for your needs. We’ll find you the most competitive rate possible, and offer advice to ensure your insurance protects what matters.
Our Expertise
Committed to finding you the best insurance solution, our team of knowledgeable insurance brokers will get you the best price available
Your Partner
Safe time and effort by letting our team of expert insurance brokers do the work for you, we can manage your insurance on your behalf.
Clear Terms
We will put an end to the endless jargon, we can help you understand your quotes and policies in clear terms.
Full Cover
We are able to access insurance policies that are not available when buying direct, allowing us to get you a more comprehensive cover and better benefits.
What our clients have to say
109 James St, New Farm
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Clayton Rowlings did a wonderful job for me. He's very knowledgeable on everything about insurance. He's also an excellent communicator, being able to listen and understand my needs and then advise me accordingly. … More He got me a deal about 30% cheaper than the one I got from my existing stockbroker. This occasion of getting an insurance quote was the best experience I have ever had so far in my lifetime and I'm 67 years old!
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Alison Never at Consolidated Insurance Brokers was exactly what I needed. I received very clear advice and support from her regarding my insurance inquiries. I highly recommend taking the time to talk with Alison you won’t … More be disappointed.Thank You so much Alison for helping me purchase the appropriate insurance for my investment. Excellent Service and Professionalism.Regards Niki and hubby
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Tracey Eaton
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Aimee Spencer was an absolute rock star! She worked hard to get us insurance on our commercial property and helped us jump through hurdle after hurdle, due to the complexity of the request. Aimee was always super friendly … More & professional through the whole process, doing what she said she would do, persevering when things got tough, and came through when no-one else could. Amazing work Aimee! Can't recommend you enough!
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Reena and the team have been amazing! We quickly needed to sort content insurance and she was super efficient and found us a policy of premium quality within the budget we required! Can’t recommend her and the team enough! … More
How can we help?
Having a customisable construction works policy means that you can protect yourself from your most likely, or most devastating, potential risks.
Your needs likely change from project to project, so a truly tailored policy will help you ensure your materials, team and business are protected.
For every new business quote and renewal, we break down all important features and comparisons for you in plain English.
Frequently Asked Questions
There are many benefits of using a broker over buying directly from the insurer. Insurance brokers:
- Work on your behalf to secure you better protection through their negotiating power
- Help you understand your risks and empower you to make better life / business decisions
- Ensure insurers are held accountable to their promise to protect what you value during claims
- Save you time and money by taking care of comparing and customising policies for your needs
Construction insurance can cover many important parts of your project, such as:
- Public liability
- Smashed glass
- Construction equipment
- Escalation or removal fees
- Natural disaster and weather perils
By covering you for possible events beyond your control, your project can move ahead in the face of the unfortunate.
No Obligations, Completely Free
Get a Quote Today
Talk today with our team to find the right kind of insurance that will suit your needs.