More comprehensive & more competitive cover than ever before
Cover designed to protect your builds and business by industry experts
What is Platinum Construction Works, Public & Product Liability Insurance?
This policy covers licensed builders, tradies or subcontractors’ responsibilities to insure loss or damage to the build project along with your legal and contractual obligations. The cover also includes items on-site that are being used as part of the build project. This cover is available for both residential and commercial builders and is tailored to suit the projects that are undertaken.
By choosing our Platinum Construction Works, Public & Product Liability Cover, you are minimising the risk of being out of pocket if a covered event occurs.
Events insured
The two areas of cover within this policy explained.
Subject to the full terms, conditions and limits of the policy, cover is for:
Constructions Works
Material Damage
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Existing Structures
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Display Homes
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Protection for the insured contracts from covered events including fire, theft, water damage, flood, malicious damage, storm and cyclone, landslip and earthquake, and errors in workmanship.
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Cover that extends to protect existing dwellings when you are renovating or building an adding in line with the sub-limits and the terms and conditions.
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Automatic cover on display homes up to $1.5 m. With a limit of $500k on buildings, $50k for contents, and $10k for art during the insurance period.
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Public & Product Liability
Covers you for your legal liabilities in relation to the construction works during the job and after its completion.
Legal Claims
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Cover for Business Premises
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Third Party Property
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Cover for legal expenses resulting from defending a claim, up to the limit of your liability cover.
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You are protected in the event of an accident occuring at your business premises such as your office, workshop etc.
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Automatic cover for property of others if an accident occurs. For example, a car is parked near the site and a forklift runs into it.
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Build Defects
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Subcontractor Negligence
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Rectification costs up to the limit of liability.
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Cover for costs you may be charged due to a subcontractor's actions up to the liability cover limit.
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Your Platinum Exclusive Cover Benefits
Existing Structure Cover
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Automatic Contract Value Increase/Escalation
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Removal of Debris
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Protection for existing structures. For example, if you are renovating or adding to an exsiting home, you and the homeowner are covered for risks unrelated to your building activity. Including vandalism or natural disaster.
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Where, during the construction period there is an increase in value of an insured contract, the contract value will increase automatically. Limited to 15% of the contract value as specified in the schedule.
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You're convered for the demolition and disposal of contract works for up to 10% of the contract value. Including the removal of debris and slit, regaining access to the site and restoring work conditions.
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Professional Fees
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Search & Locate
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For example, if you need to re-engage an architect, the cost of this is covered up to 10% of the contract value.
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Cover for costs experienced to identify the cause of a defect or damage. Such as discovering why a drain is blocked or what's causing water damage to internal walls.
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Optional Extras
For those builds that require additional or specific cover.
Extended Tool Cover
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Registered Mobile Plant and Equipment Cover
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Australia-wide tools of trade
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Australia-wide cover for laptops, mobile phones and other registered equipment.
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This includes trailers, fork lifts etc.
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Cover for tools you use for the works.
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Why HIA Insurance Services
We only service the construction industry. We understand businesses like yours.
Combined Strength
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Designed for your Project & Business
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By Your Side
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HIA Insurance Services (HIAIS) was formed in 1984 and is the joint cventure between the Housing Industry Australia (HIA) and Aon. The joint venture provides HIAIS with the unique opportunity to leverage the buying power, insurance, governance and risk capability of Aon; while accessing HIA's deep knowledge of the housing industry.
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34 years of industry experience and specialised risk expertise has allowed HIAIS to design products that provide the construction industry with specific and comprehensive cover.
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Working in unison with both the HIA and Aon, HIAIS brings the highest level of expertise and resources to clients. With access to leading experts within HIA's legal and technical teams, HIAIS has a distinct edge in managing complex claims, and works to pursue a fast and positive settlement for you.
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