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Phone
0401 789 720

Email
assist@covermeinsurance.com.au

Address
1205/9 Norfolk Avenue Surfers Paradise QLD 4217

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Construction Insurance

Construction Insurance, also known as Contract Works Insurance, provides essential coverage for registered builders, contractors, or owner builders against damage to the building works during the construction period.

Coverage Includes:

  • Fire, Storm, and Malicious Damage: Protection against damages caused by fire, adverse weather conditions, and malicious acts.

  • Theft from the Site: Coverage for loss due to theft of materials or equipment from the construction site.

Extended Cover Options:

  • Public Liability: Protection against legal liability for injury or damage to third parties.

  • Contractors Plant & Equipment: Coverage for the machinery and equipment used in construction.

  • Existing Buildings: Protection for any existing structures on the site during the construction process.

  • Material in Transit/Storage: Safeguard materials and supplies while they are being transported to the site or stored.

Policy Options:

  • Single Projects Policy: Insurance can be arranged for specific projects, providing coverage for the duration of a single project.

  • Annual Projects Policy: Covering all projects under a run-off or turnover basis, with flexibility to include multiple projects within a year.

Annual Policy Details: The annual policy can be written on a ‘Turnover’ or ‘Run-Off’ basis. Care must be taken with your annual declaration to ensure there are no gaps in coverage. Regular reviews and updates to your policy are essential to maintain adequate protection throughout the construction period.

Why Choose Us?

  • Expert Guidance: Our team of experienced advisors provides clear, concise advice tailored to your specific needs in the construction industry.

  • Customized Solutions: We work with you to customize insurance coverage that fits your unique requirements, ensuring comprehensive protection.

  • Competitive Pricing: Access to multiple insurance providers allows us to secure competitive premiums, offering the best value for your investment.

  • Ongoing Support: We offer continuous support throughout the life of your policy, from initial consultation to claims management, ensuring your business is always well-protected.

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TURNOVER (TRANSFER) COVER

Turnover, also known as ‘Transfer’, will cover the all projects undertaken during the policy period, and insured until the policy period ends.

You pay for the portion of project declared completed in the policy period.

Insurers may agree to cover projects commenced prior to the inception of the policy

RUN-0FF (CONTRACT COMMENCING) COVER

Run-Off will cover any contract commencing during the policy period through to completion of the project

even if the completion date is after the period of insurance has finished.

You pay based on the whole project value.

No cover is offered for projects commenced prior to the inception of the policy.

Prior to commencing any residential, commercial or civic building works, ensure you have a construction insurance policy in place.

Mobile Plant & Equipment

Plant & Equipment Cover, sometimes referred to a Contractors Plant provides protection for mobile and fixed plant & equipment.

Cover can combine material damage, road risk liability & public liability, and can insure a single item of an owner operator to a large fleet of plant.

As with most types of insurance, different policies include different automatic inclusions and optional extensions, including breakdown cover and consequential loss (loss of income due to damage of equipment).

This cover is aimed at industries who own, operate, hire or supply plant & equipment for use in Construction, Infrastructure, Mining and Energy and other industries.

Plant & Equipment insurance can provide cover for a range of items including but not limited to:

  • Bobcats
  • Cranes - fixed & mobile
  • Concreting equipment
  • Earthmoving equipment
  • Excavators
  • Forklifts
  • Farming machinery
  • Lifting equipment