If you are in building or construction you understand the need for comprehensive Construction Insurance to ensure that you have protected not only your exposure as Principal but the materials, equipment and exposure to litigation which can result whilst building anything from a minor residential extension to a new house, commercial or industrial complex.
Construction insurance provides a secure way to allow each of the building construction contractors and sub-contractors to focus on completing the job without worrying about the exposure of litigation or if there is an accident on the building site.
Prior to any work commencing a well thought out construction insurance policy will address areas of the total project costs, expediting costs, demolition and removal of debris in the unlikely event of a claimable accident. Depending on the contract arranged and the scope of the project Advanced loss of profits cover and specific covers on professional indemnity, management liability and contractors plant and equipment may need to be arranged.
Specific construction insurance needs relate to maintenance periods and what is suitable for the project and what terms apply within the construction contract terms. Careful attention by the insurance broker will establish a realistic policy duration period to ensure that no unnecessary extension of the cover is required due to delays from weather etc.
So irrespective of if you are a residential renovator, commercial builder, project home builder, property developer, industrial or commercial builder, construction insurance can be custom designed to meet your individual requirements and that required under your construction contract.
Nothing can replace professional expertise advice from an experienced Specialist Insurance Broker.
To arrange a consultation with our Construction Insurance specialists either contact us today direct on 07 5313 7871 or complete the short form below.