Contract Works & Liability

What is a Contract Works & Liability Insurance Policy?

Construction policies combine both Material Damage and Public Liability covers which means it will cover perils such as Fire, Storm, Malicious Damage, along with the risk of bodily injury or property damage that could injure other parties visiting or working at the site. After all Construction sites can be dangerous places where accidents do happen.

Further, these policies can include the “forgotten” expenses when there is a claim such as: 

  • Expediting expenses – such as costs of express delivery, overtime, additional labour and equipment costs to urgently restore or replace property
  • Mitigation costs – such as costs to extinguish a fire or prevent or minimise damage to insured property
  • Professional fees – incurred for the restoration or repair of the property insured
  • Removal of debris – such as costs to demolish and remove damaged works to start the repair or rebuild
  • Variations and escalation – an allowance to vary the sum insured if the final contract value is exceeded

Policies can be extended or can automatically include:

  • Off-site storage and transit to the full sum insured – damage to supplies needed for the project
  • Products liability for previously completed projects
  • Resultant damage from faulty design, workmanship and materials
  • Advanced business interruption
  • Contractors plant and equipment – whether you own, rent or in your care or custody
  • Existing structures
  • Financiers interests
  • Hired in plant
  • Overseas risks (supporting business domiciled in Australia)
  • Liability – Vibration, Removal and/or weakening of support

Who else requires Contract Works and Liability Insurance?

Why CPR Insurance Services?

CPR Insurance Services have a range of insurance solutions for simple or complex projects whether they are owner-builder, residential, commercial, civil or mechanical. We choose a construction insurer that knows and understands construction risks that can offer the flexibility of policies which operate on a turnover, run-off or individual declaration basis.

CPR’s experience in all areas of engineering and construction risks gives you the advantage of fast and accurate advice, no-nonsense claim handling and experts who understand your needs and the nature of the risk exposure.

We have streamlined the whole insurance process so that arranging your cover, managing your claims and taking care of any other needs can be done quickly by phone or email.

Things to remember in Contract Works & Liability Insurance Policies

Watch out and discuss with your Broker some of the following issues:

  • Be careful if you are doing work above the 25th parallel as this can often be an exclusion.
  • Existing property such as for renovations needs to be especially included in the cover
  • Not all policies include cover for a maintenance period
  • Some Liability policies impose restrictions or increased excesses for “Worker to Worker” risks

Who can help?

An insurance broker's role is to act as your representative and work in your interests, seeking the best cover at the best price for you from market knowledge. Call a good one.

Call CPR – Experts who will save you.

Cooper Professional Risks Pty Ltd trading as CPR Insurance Services is an Authorised Representative of National Adviser Services Pty Ltd (ABN: 60 096 916 184) trading as NAS Insurance Brokers (AFS No.233750)

A guide to Contract Works & Legal Liability in Australia

What is a minimum and deposit premium?

Latest News

CPR joins Ausure

We would like to announce to all our Clients, Prospective Clients, Suppliers and Insurers, that Cooper Professional Risks Pty Ltd trading as CPR Insurance Services, will be leaving National Adviser Services Pty Ltd (NAS) and joining Ausure Pty Ltd as a Corporate Authorised Representative from 5 March 2018.

Fundamentally, there is no difference to you, except our Invoices will look a little different, and the Banking details will be in a different name and account number. Everything else at CPR stays the same.

There are a number of reasons we have made this decision, but the primary reason is for what we believe is best for our clients.

read more

Special offer to CPR Insurance clients

Employsure are providing a FREE Business Health Check to all our clients and gives you the opportunity to receive an analysis of the health and safety requirements in your workplace. Also. Employsure  will review your employment agreements as well as your wage rates helping you to avoid workplace claims.

Ordinarily this would cost you at least $1,250 but because you are a CPR Insurance client, it is free!

It involves the following review for you.

SAFECHECK

A specialist Work Health and Safety Consultant will visit your workplace and carry out:

A review of your business’ current work health and safety policies, procedures and systems to identify areas of concern or non-compliance

Following the review, you will receive a report summarising the findings and the health and safety

Status of your workplace

WAGE CHECK

A Wages Adviser will review your rates of pay and produce a Wage Check report.

The review will be conducted against the industrial instrument applicable

A report will be supplied advising if the wages are compliant and what steps to take to achieve compliance

CONTRACT REVIEW

A Document Consultant will review an employment agreement and provide recommendations.

The review will highlight compliance issues with the Fair Work Act 2009 as well as best practice

The report will make recommendations to achieve compliance and provide protection to your business.

This will remove any areas of potential dispute and risk

So what do you have to lose? Contact us on 07 3123 1137 and arrange 

read more