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

Three Years running - Insurance Brokerage of the Year 1 to 5 staff

Mandy and Robert Cooper were extremely honoured and astounded to once again win, Insurance Brokerage of the Year for 2020 from Insurance Business Australia magazine. This is the third year running.

While this year has not been the easiest of years for the business with Covid 19, the Recession, the hard market and issues at Lloyds of London, we are literally all in this together as an Insurance Industry.

CPR Insurance Services continues to make our clients the number one focus of our business while managing our relationships with Insurers, who we need more than ever in this market climate.

CPR Insurance Services are a highly ethical Brokerage with a reputation as a trusted advisor who always acts in the Client's best interests. Their experience, knowledge and expertise is amongst the highest in the industry.

CPR Insurance Services is now ten years old as a business and is proud of being an Authorised Representative of Ausure and their partnership with Steadfast, giving CPR the strength and backing to match it with any Broking firm in the Insurance Industry, but remain focussed on supporting the Small to Medium business segment.

Memberships of the National Insurance Brokers Association, Australia and New Zealand Institute of Insurance and Finance, Australian Insurance Law Association, Australian Professional Indemnity Group and the Australian Institute of Company Directors, ensures CPR Insurance Services maintains the high standard of knowledge and expertise required to be one of the best Brokerages in Australia.

CPR Insurance Services also plays a strong role in their local community supporting other Sporting Clubs and Community organisations. They also support and promote local businesses with their operation of the Kedron Brook Business Group who meet regularly and has 174 members.

We are truly honoured to receive this National award once again for the third year as a recognition of CPR Insurance Services contribution.

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Finalist for QLD Broker of the Year

Robert Cooper was honoured to be nominated as a finalist for Queensland Insurance Broker of the year for 2020, as part of the National Insurance Brokers Association. Unfortunately he missed out on the ultimate award but is a reflection of the high standard that the industry now has for such awards.

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