What is a contract works insurance?
Contract works insurance covers builders and tradies from accidental loss or damage to the build while working on the project.
Who needs contract works insurance?
Generally speaking, builders, self-employed tradies and owner builders may consider contract works insurance necessary*. They may also be required to have contract works insurance as part of an agreement and may be mandatory on some residential or commercial sites.
* If you are unsure, call us on 1800 284 627 and press 1 for help.
What does contract works insurance cover?
- Loss or damage to materials
- Tools and equipment if required
- Public liability
It covers payments for repairs or repair work that need to be redone, due to damages caused by an insured event like fire, storms, floods, vandalism, and theft. The contract works insurance can also cover the cost of repair to the damages done to the structure you’ve been working on.
Why do you need contract works insurance?
Builders, tradies, and construction workers might need contracts work insurance as it also sometimes required by financiers of projects , it might be mandatory on some residential or commercial sites.
