One of Australia's highest-risk sectors. Getting the coverage structure right matters more here than almost anywhere else. We place construction businesses with underwriters who understand what can go wrong.
Construction businesses face exposure across multiple classes simultaneously: on the project, with sub-contractors, in the business, and in the decisions made by management. The coverage structure needs to address all of it.
An underwriter who writes construction as a core class, not a general ISR policy with contract works added as an extension. Someone who understands principal-contractor relationships, sub-contractor obligations, and what happens when a project runs over.
Policy wording that clearly addresses defects liability, maintenance periods, and design exposures, not wording drafted for a different risk class that a generalist has tried to stretch.
Project value has grown. Contract works sum insured hasn't kept up. A major loss results in a significant shortfall.
Sub-contractors on site without adequate public liability. The principal's policy responds first. No contractual protection in place.
Design-and-construct project. PI not in place, or with a narrow definition that excludes the design element. A design defect claim isn't covered.
Works complete. Defects emerge during DLP. Contract works policy has expired. No coverage for the rectification cost.
We'll review your existing cover structure and go to specialist construction underwriters for a full comparison. No obligation, at no charge.