Public and products liability

Licensed builders and contractors

Uninsured public or products liability claims if uninsured can be a crippling experience for any business.

Specific benefits include:

• Broadform liability wording covering personal injury and property damage claims
• Automatic products liability cover for completed works following handover
• Completed operations extension provides cover and includes damage to the product itself to $1,000,000
• Unintentional breach of copyright cover included
• Automatic liability cover for registered vehicles whilst being used as a tool of trade
• Automatic cover for vibration, removal and/or weakening of supports. (commercial works automatic limit $250,000, can be extended on application)
• Automatic cover for property of others in your care custody and control to $50,000
• Cover for liability attaching to the builder arising from the actions of sub-contractors.
• Liability for damage caused by faulty works (third party persons and property damage) after handover. A policy must be current at the time the damage occurs.
• Legal expenses resulting from the defence of a claim, subject to insurers approval.
• Unregistered vehicles liability on the worksite
• This also inlcudes liability arising from your business premises.

HIA Insurance Services can extend your policy to include sub-contractors liability, however we strongly recommend that you insist that your sub-contractors and trade carry their own package for all your trades.

Policy types

Whilst you can select from annual or specific policies, we strongly recommend that you effect an annual cover to ensure you are buying protection 365 days a year, as ongoing issues can arise after project handover.

For more information about this policy contact HIA Insurance Services.

 

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