1800 762 872

Receive up to $250 off your premium when you purchase Construction Works (Contract Works) Insurance online on or before 31 December 2019! T&Cs apply*

Not only can you receive up to $250 off your insurance premium, but you could also save on state government taxes and levies as these may be calculated as a percentage of your total premium.**

Construction work insurance
Worker Construction Work Insurance
WHAT IS…

Construction Works (Contract Works), Public & Product Liability Insurance?

Construction Works, Public & Product Liability Insurance (also known as Contract Works) is taken out by builders, tradies or subcontractors to cover their responsibilities to insure against loss or damage to their build project. As well as legal and contractual obligations in relation to the contracted works.

Questions? We can help
Construction Insurance

Discover HIAIS

Construction Insurance

Watch Video

What is covered

Events Insured

Material Damage

Broad protection for the contract works in respect of accidental damage covered events including fire, theft, water damage, Flood, malicious damage, storm and cyclone, landslip and earthquake.

Material Damage
Public and Products Liability
Public and Products Liability

Covers you for your legal liabilities in relation to the contract works during the job and after its completion.
We understand that every build and business is different which is why we are giving you the option to choose your optimal limit of liability:

$5M    |    $10M    |    $20M

COVERS

Our new cover options
designed by industry experts for you

We understand the risks and challenges you face on and off site every day and know that no two businesses are the same or have the same needs.

What matters most to your business - and providing you with the optimal cover to protect your work at competitive pricing - is at the centre of what we do. Therefore, we have developed two new Construction Works, Public & Product Liability policy options for you to choose from.

HIAIS GOLD

Premium is the new standard

Display Homes Cover

Showcase your work and secure your next project with the peace of mind you need knowing your assets and investment is covered whilst you’re on-site working on your current build.

HIAIS PLATINUM

Our highest level of cover’s key benefits

Our Platinum and Gold cover is suitable for both residential and commercial builders and are available as either a Single Project Policy or Annual Turnover Policy, giving you the ultimate flexibility.

best value

Buy Online

Purchasing cover online is fast and easy!

We’ve taken the hard work out of protecting your work for you.

Get a Quote and Buy Online!
covers

Key Policy Benefits

HIAIS GOLD

Premium is the new standard

Get a Platinum Cover Quote

Our highest level of cover

best value

    Most
Popular
  HIAIS GOLDGet a Platinum Cover Quote
     
Policy Benefits Quote Quote
     

Material Damage
Broad protection for the insured works in respect of accidental damage covered events including fire, theft, water damage, Flood, malicious damage, storm and cyclone, landslip and earthquake.

Protection for your build/s throughout the entire contract period of construction.
Up to the total sum insured. Up to the total sum insured.

Existing Structures Cover
Cover that extends to protect existing dwellings when you are renovating or building and adding to an existing structure.

No need for further cover extensions to protect property on top of what’s insured in the contracted works.
Subject to the sub-limits specified in the coverage summary

Display Homes Cover
Automatic cover on display homes up to $500,000 on buildings, $50,000 for contents, and $10,000 for art during the insurance period.

Showcase your work and secure your next project with the peace of mind you need knowing you're covered whilst onsite.
Up to a total limit of $1,500,000 for the policy period.

Search & Locate Cause of Damage/Defects
Cover for costs spent to identify the cause of a defect or damage, such as discovering why a drain is blocked or identifying what’s causing water damage to internal walls.

Prevents you from having to entirely pay for discovering what’s causing something to not work properly.
Up to a limit of $50,000.

Legal Liability Claims
Cover for legal fees, settlements and court costs arising from defending a claim for third party personal injury or property damage.

Cover for legal fees, settlements and court costs you incur from defending certain claims.
Up to the limit of your liability cover including reasonable legal expenses. Up to the limit of your liability cover + reasonable legal expenses.

Public Liability & Product Liability
Protects your legal liability if you are held responsible for third party personal injury or property damage in your business activities and post-completion of the contracted works.

Covers you for your legal liabilities in relation to the contracted works during and after the job is complete.
Up to the sum insured. The choice is yours:
- $5M
- $10M
- $20M
Up to the sum insured. The choice is yours:
- $5M
- $10M
- $20M

Access to Remove & Restore Cover
Cover for costs to de-water, demolish or remove undamaged building works and gain access to allow repair.

Saves you from having to pay for the removal of part of the works to repair and continue with the build.
Up to a limit of $25,000.

Mitigation Costs
Cover for costs expended to prevent imminent Damage or mitigate the extent of further Damage, up to a limit of 5% of the contract value.

Stops you from being entirely out of pocket when it comes to preventing covered damage to insured property for your build/s.
Up to 5% of the contract value. Up to 5% of the contract value.

Subcontractor Negligence
Cover includes protection in circumstances where, due to a subcontractor’s actions on site, you are considered vicariously liable.

The peace of mind of knowing your interests are protected for your subcontractors work for which you could be vicariously liable.
Up to your liability cover limit. Up to the liability cover limit you choose.

Professional Fees
Cover for the costs of re-engaging architects, engineers, surveyors and consultants, up to 10% of the contract value.

Minimises the bill your business would have to foot if specialists needed to be brought in during a build.
Up to 10% of the contract value. Up to 10% of the contract value.

Automatic Contract Value Increase/Escalation
Where, during the construction period there is an increase in value of an insured contract, the contract value under the coverage will increase automatically.

Cover for if or when the cost goal posts shift and the contracted works is more expensive than initially insured for.
Up to 15% of the contract value as specified in the schedule. Up to 15% of the contract value as specified in the schedule.

Removal of Debris
Cover for the demolition and disposal of contract works, including the removal of debris and silt, regaining access to the site and restoring work conditions, up to 10% of the contract value.

Saves you from having to pay for the removal of debris if a covered event happens to get you back on-site fast.
Up to 10% of the contract value. Up to 10% of the contract value.

Business Premises
Cover includes protection in the event of an accident occurring at your business premises such as your office or workshop.

Cover for if accidents happen where you’re working.
Up to the liability cover limit you choose.

Materials in Storage
Cover for damage to materials to be used in the contract works that are in storage off-site but within the area specified in the contract, whilst awaiting transit to the build site.

Allows you to concentrate on the job without worrying if your off-site resources are safe until needed.
Up to the limit of the contract value. Up to the limit of the contract value.

Materials in Transit
Cover for damage to materials to be used in the contract works whilst in transit arising from fire, storm, flood, collision and/or overturning of the transportation, or by theft or malicious damage.

Cover for resources stored off-site that get damaged on the way to your build.
Up to the limit of the contract value. Up to the limit of the contract value.

Tools of Trade
On-site cover for tools used to produce the contracted works.

Cover for tools used on-site.
Available as an optional extra. Up to a limit of $20,000.

Have further questions?
Contact us at 1800 762 878

resource

Frequently Asked Questions

What's the difference between a Single Project Policy and an Annual Turnover Policy?

Single Project Policy

Covers you for the 1 insured job site and does not include product liability.

Annual Turnover Policy

Covers you for all your projects over a 12-month period. Product liability is included in this cover and ensures continuity of cover on past completed projects. This policy also ensures you don't forget to insure a project, leaving your business open to risk.

What is protected?

Single Project Policy: A specific project policy is taken out to provide cover on one specific job-site only.

 

Annual Turnover Policy:

 

• Insurance for sums which you may become legally liable to pay
as compensation in respect of bodily injury, property damage
or advertising injury, arising from an event in connection with
your business.


• Products Liability is included in this cover and ensures continuity
of cover on past completed projects, for damage or injury that
occurred after the Construction Period and during the policy period.
Owner Builder: Any construction, alterations, repairs or additions to the property specified in the permit that fits within the guidelines of the state or territory where the property is located.

When are you protected from?

Single Project Policy: From the date your business activity begins for the one specific jobsite that has been insured.


Annual Turnover Policy: From the date you receive your policy, you will be covered until that date the following year for your operations across the multiple sites and locations where your work is conducted. For Example: Quoting for a job, or working on multiple construction sites over the policy period.


Owner Builder: From the date the policy is issued. Most states and
territories have restrictions on the number of permits obtained in a
given time and limits the construction to single residential dwellings unless otherwise stated. We recommend checking with your local regulating body

Have further questions?
Contact us at 1800 762 878

more Products

You may be interested in…

Home Warranty Insurance
Home Warranty Insurance
Discover how our expert brokers manage the complex paperwork and can deliver certificates in 24-48 hours. Learn More
Construction Legal Expenses
Construction Legal Expenses
Construction Legal Expenses Insurance gives you access to legal advice and covers you for costs resulting from pursuing or defending certain legal action. Learn More
Tradies Insurance
Tradies Insurance
Don’t risk your business and personal assets by going uninsured. Get your quote and cover online in just minutes now. Learn More
*Terms and Conditions

Offer is only available once per entity and is limited to the first 120 eligible customers taking up the offer on or before 31 December 2019 (“Offer Period”). The offer cannot discount premiums below the required minimum premium. Minimum premium is $1,421.95 (ext. GST) based on a limit of liability of $5m and inclusive of commission paid to HIAIS. Minimum premium varies between policies. Offer is available to new and existing customers who purchase or renew a Construction Works (Contract Works) Insurance policy during the Offer Period. For the avoidance of doubt, this offer does not apply to Construction Works (Contract Works) Insurance policies which are already in place during the Offer Period. Taxes, statutory charges and broker fees also apply. Offer is limited to online transactions only and is subject to HIA Insurance Services’ QBE facility underwriting guidelines. Cannot be used in conjunction with any other offer. HIAIS reserve the right to change or withdraw the offer without notice.

** Please note all benefits referenced are subject to the full terms, conditions, exclusions and limits of the policy

Construction Works, Public & Product Liability Insurance for the Building and Construction Industry is arranged by HIAIS on behalf of the insurance issuer, QBE Insurance (Australia) Ltd, ABN 78 003 191 035, AFSL 239545, ABN 28 008 485 014. If you purchase this insurance, HIAIS will receive a commission that is a percentage of the premium. Further information can be found in HIAIS’ FSG or provided upon request. The information contained in this email is general in nature and should not be relied on as advice (personal or otherwise) because your personal needs, objectives and financial situation have not been considered. Before deciding whether a product is right for you, please consider the relevant Product Disclosure Statement (if applicable) and full policy terms and conditions available from HIAIS on request. All representations in this communication in relation to the insurance products HIAIS arrange are subject to the full terms and conditions of the relevant policy. Please contact HIAIS if you have any queries.