What is Contract Works and Legal Liability Insurance?
Contract works and legal liability insurance is designed for builders, tradespeople, and contractors undertaking construction or renovation projects. In Australia, this type of policy protects against risks such as accidental damage to works in progress, theft of materials, and liability for injury or property damage. It provides peace of mind that projects can continue even if unexpected setbacks occur.
What Does Contract Works and Legal Liability Insurance Cover?
Typical features of contract works insurance Australia include:
Types of Contract Works and Legal Liability Insurance in Australia
Single Project Contract Works Insurance
Provides cover for one specific construction project. Commonly used by builders, owner-builders, or contractors working on short-term projects where the risk ends once the project is complete.
Annual Contract Works Insurance
Covers multiple projects over a 12-month period. This option suits builders or contractors working on several jobs throughout the year and provides continuity of cover without needing separate policies.
Legal Liability Insurance
Protects against third-party claims for personal injury or property damage arising from your construction activities. This is a critical safeguard for contractors who may be exposed to legal and compensation costs.
Combined Contract Works and Liability Cover
A packaged solution that includes both works cover and liability cover in one policy. It provides broad protection for builders and trades, covering the project itself as well as the legal risks involved.
Why Consider Contract Works and Legal Liability Insurance?
Construction projects are exposed to a range of risks, from weather events to theft and accidental damage. Without insurance, delays and unexpected costs can significantly impact both contractors and clients. Contract works insurance Australia provides essential protection by covering:
