Contract Works Insurance

What is Contract Works Insurance?*

Contract works may provide insurance protection for builders and other trades for work in progress on a building sites . It may also cover the maintenance stage in some instances. Insurable risks for domestic and commercial builders via contract works may include: Fire, water, storm, flood, landslip, material damage, existing property, tools and machinery, professional fees, mitigation costs, removal of debris, transit, off site storage ,loss of rent, loss of profits. Delay in start-up (DSU) and latent defects may be also be able to covered in some contract works policies. Contract works policies can vary significantly from insurer to insurer so it’s important to understand what is and isn’t covered. A SMART broker may be to provide more information on 1300 542 573 or contact us online.

Contract Work Insurance Polices*

SMART Business Insurance Agency provides contract works insurance quotes and services for both residential and commercial builders responsible for constructing a diverse range of building works including:

• Domestic buildings – houses, housing developments, apartment buildings or high‐rise apartment buildings
• Office Buildings – Office buildings including single‐tenant offices, small professional office buildings, large skyscrapers, and everything in between.
• Retail/Restaurant –high street shops, single tenant retail buildings, small neighbourhood shopping centres,regional and discount malls.
• Other buildings – any other non-residential properties such as hotels, hospitality, medical, and self‐storage facilities, as well as many more.
• Other construction – Civil works & plants

Monthly payment plans can be easily arranged to assist with cash flow.