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

Robert Cooper - one of 100 faces of small business

This week it was announced as part of Small Business Week,  that Robert has been named one of the 100 faces of small business for a State Government promotion on the great value that small businesses play in the State of Queensland.

You can see Robert's entry here:

It is the third accolade for CPR Insurance Services in a month and after seven and a half years in business is a real pep up for the company.

For Robert, it is the culmination of many years experience, becoming well qualified, experiencing the highs and lows of a career and always wanting to contribute to his community. Sometimes, these things just come together and you receive recognition for your efforts.

Robert says that there is no doubt that starting your own business is a huge challenge, but with the right research and planning, the right people around you and a good set of values that you apply to the vision of the company, you have a very good chance of making it all succeed.

Robert says he is lucky. He has a strong supportive Wife, Mandy, who is also part of the business, along with efficient and hard working staff such as Julia McLauchlan and Aidan Harmer who are building up their own skills in a learning environment. 

However, the most important and most supportive people for CPR Insurance Services are our clients who have stuck by us and supported us over the past seven years. Our focus remains on providing the best possible service we can and always acting in their best interests. To all our clients, we say thank you!

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CPR Insurance wins Brokerage of the year

CPR Insurance Services picked up the award for the Best Brokerage (1-5 staff) in Australia, last Friday Night (4th May 2018) at the Insurance Business Magazine Awards held at the Westin in Sydney.

Judging came from various parts of the industry. It is a great honour to be recognised for our hard work and particular Business values we follow. A full list of winners is listed here.

Success comes from having great staff, and we thank Aidan Harmer and Julia McLauchlan as important support staff for helping us win such an award.

CPR Insurance has been in operation for more than 7 years now and is only successful because of the wonderful support from our staff, insurers and most importantly, our fantastic clients who put their faith and trust into our company to be their Risk Advisers and Brokers. 

Thank you to all.

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