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Contract Works and Liability Insurance is a type of insurance policy that is designed to protect construction projects and the parties involved in them against financial loss due to accidents, damage, or legal liabilities.
In Australia, this type of insurance is often referred to as Construction All Risk (CAR) Insurance and provides a comprehensive coverage that consists of two key components:
Also known as Material Damage, this covers the physical loss or damage to a construction project during the course of its construction. This includes loss or damage due to theft, fire, weather-related damages, vandalism, and accidental incidents affecting the site or materials. It may also cover consequential losses resulting from the physical loss or damage to the works.
Also known as Public and Products Liability Insurance, this protects against legal claims for personal or third-party injury or property damage caused by construction activities or completed work. This can include liability arising from negligence, errors, or omissions in the construction work.
We know Contract Works and Liability Insurance can be overwhelming with policy details and coverage varying between insurance providers, which is why we will help you through the entire process right through to submission.
One of the key benefits of working with SEE is our personalised approach. We take the time to understand your unique needs and circumstances, ensuring you receive a customised insurance solution rather than a one-size-fits-all service. Not only does this ensure your policy is tailored to your specific circumstances, but SEE can also help to save you money on your renewal when you switch from your current provider*
It’s important to note that specific policy details and coverage can vary between insurance providers, so it’s important to read the policy documents carefully and consult with SEE Insurance Services to ensure that you have the appropriate coverage for your specific needs.
You likely need Contract Works & Liability Insurance if you are:
➔ A licensed builder operating as a principal contractor on a building site
➔ An owner-builder overseeing construction or renovations
➔ Required by contract to have insurance before commencing work
If your work involves construction, renovations, or extensions, this insurance is essential to protect your project and financial security.
Your cover typically commences from the start date of your policy, which can be set when purchasing the insurance.
The coverage period depends on the policy type:
➔ Single Project Cover: Protects a specific project from start to completion, including defects liability periods if specified.
➔ Annual Policy: Covers multiple projects over 12 months, providing flexibility for ongoing work.
Always check your policy details to confirm start and end dates. If unsure, you can talk to our friendly team who will be happy to assist
While Contract Works & Liability Insurance covers many risks, there are common exclusions, including:
✕ Defective workmanship (faulty work itself may not be covered, but resulting damage might be)
✕ Pre-existing property damage (damage occurring before work starts)
✕ Wear and tear or gradual deterioration
✕ Contractual penalties or liquidated damages for project delays
Review your policy carefully to understand the specific exclusions for your coverage.
Standard Contract Works Insurance does not always cover tools, plant, or equipment. However, you can add coverage for:
➔ Owned plant and equipment (excavators & machinery)
➔ Tools and portable equipment (drills, saws, hand tools)
If you need cover for tools or equipment, let the SEE team know and we can ensure it’s included in your policy.
Yes! If you work on multiple projects throughout the year, an annual policy can be a cost-effective and convenient option.
An annual policy provides:
➔ Continuous coverage for multiple projects
➔ Simplified policy management
➔ Potential cost savings compared to individual policies
This option is ideal for builders with constant work. Talk with SEE today to see if this option is right for you.
Most policies cover the project for the agreed period stated in the policy. If your project is delayed, you may need to:
➔ Request an extension before your policy expires
➔ Adjust your coverage period if delays are known in advance
➔ Increase the maximum construction period
Failing to extend your policy may leave your project uninsured, so it’s important to inform SEE or your insurer of delays as soon as possible.
See Business Solutions (602859) is an Authorised Representative of Savill Hicks Corp Pty Ltd. License number 240867.
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TERMS AND CONDITIONS
1. Promotion is only available for businesses eligible for Contract Works & Liability insurance policies (Licensed Builders)
2. Promotion is only available for a business with an upcoming renewal (quotes are available in the period of 30 days before renewal, and then valid for 30 days from quote)
3. SEE Business Solutions needs to be able to quote your policy, if there are any active claims or significant claims within the past 5 years then we may not be able to get you quotes from alternate insurers.
4. This promotion is only available for new clients that do not already hold their Contract Works & Liability policy with SEE Insurance Services.
5. You will only qualify for free beer if we are not cheaper than your initial renewal quote
Our dedicated experts are passionate about ensuring you get the right policy for your unique circumstances. At SEE Business Solutions, you’ll always talk with the same people who understand your personal situation and business every time.
Give Matt a call on 02 4039 8578 or fill in our enquiry form and we’ll be in touch.