Contract works is a very important cover for construction companies as it covers damage to partially complete structures including weather events , theft , malicious and accidental damage.
Imagine if you were 80% complete in a housing project and a severe weather event destroyed the fruits of your labour. Having to order new materials and recoup the loss would cause significant headaches and financial losses. The business of building operates on thin margins , a significant destruction could cause delays and financial ruin.
Fortunately for a reasonable charge you can arrange contract works to ensure the continuity of your building business. Often construction companies and builders are required under contract to carry contract works and public liability.
Public liability insurance for builders covers third party injury and property damage arising from your construction companies day to day operation including the employees of the business.
Such claims could include damage to underground services following excavation, damage to neighbouring buildings, resultant damage to buildings following failure of drainage, or roof leaks., injury to the general public from employee works a
Contract works and public liability for builders is usually arranged under a package policy for residential and commercial builders.
Email details of your requirements to hello@insuregroup.com.au
Speak with an Insuregroup representative today on 1300 983 940
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