Contract Works Insurance: Protecting the Building & Construction Industry

At Midland, we understand that the construction industry is as diverse as the projects it undertakes. That's why we're dedicated to providing licensed builders and construction companies in Australia with Contract Works Insurance that's as unique as their projects. With our comprehensive coverage and personalised approach, you can build with confidence, knowing that your investments are safeguarded against the unexpected.

Contract Works insurance protects both yourself and your assets should any loss, damage or injury occur whilst undertaking a construction project. Having a properly structured Contract Works insurance policy can be crucial as it will serve as the backbone of a successful risk management program.

Contract Works insurance can provide cover for simple or complex projects on either a per-project or annual basis.

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Key Benefits of Contract Works Insurance:

1. Holistic Protection

Construction projects are intricate symphonies of planning and execution. Our Contract Works Insurance covers a multitude of risks, from unexpected material damage to project delays, ensuring a comprehensive safety net for your endeavours.

2. Tailored Solutions

We understand that no two projects are alike. That's why our expert brokers collaborate closely with you to craft insurance solutions that align perfectly with your project's unique requirements.

3. Financial Security

Construction projects are susceptible to a myriad of unforeseen challenges. With our Contract Works Insurance, you gain the financial security to confidently navigate uncertainties without compromising on quality.

Our Coverage Highlights

Contract works insurance can cover the building which is under construction, whether it’s a residential home, multi-story apartment or commercial building. It can also cover the equipment used in construction, as well as public liability risk.

Depending on your policy, Contract Works insurance typically covers the following:

Material Damage

Protects against loss or damage to construction materials, supplies, tools, machinery, and equipment. It includes risks such as fire, theft, vandalism, accidental damage, and natural disasters like floods and storms.

Public Liability

Protects you from claims for property damage or bodily injury caused to third parties due to your construction activities. This includes legal expenses and compensation costs.

Plant and Equipment

Provides protection for your machinery, tools, and equipment against damage, theft or mechanical breakdown used in the construction project. It may also cover the cost of hiring replacement equipment if needed.

Project Delays

If your construction project experiences delays due to insured events (e.g., fire damage), this coverage helps cover additional expenses incurred as a result of the delay. These additional expenses could include increased labour costs, extended rental fees, and more.

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Who Can Benefit From Contract Works Insurance?

Business Interruption insurance is ideal for a wide range of businesses across various industries, especially those in more complex industries, and those who operate in areas that are prone to severe weather events.

Below are a few examples of businesses that are particularly well-suited for Business Interruption insurance coverage:

Licensed Builders

Our tailored solutions cater to the unique needs of licensed builders across residential, commercial, and industrial projects.

Building Companies

Whether you manage multiple projects or specialise in a niche, our insurance solutions offer comprehensive protection for building companies of all sizes.

Construction Companies

Embarking on projects of varying complexities, our insurance covers the spectrum, ensuring the future of your construction business remains secure.

Specialist Industries

Get Your Contract Works Insurance Quote Today

As your dedicated insurance broker, we bring years of expertise to the table. We're committed to understanding your unique projects and concerns to provide you with a Contract Works Insurance solution that perfectly suits your needs. Your success is our success, and we're here to ensure your projects are shielded against unforeseen challenges.

Reach out to us today to secure your construction ventures with confidence. Your projects deserve the best protection, and we're here to make that a reality.

You can either fill in the short form on this page and one of our brokers will be in touch, or just give us a call on 1300 306 571.

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