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Policy overview

Construction risks insurance provides cover for material damage and legal liability during construction, alterations, testing and defects liability periods.

It covers physical loss, destruction or damage to property, as well as legal liability for third party injury and property damage. This policy is required because industrial special risks and public and products liability policies generally exclude construction activities.

Who’s covered?

  • Your organisation as the project principal
  • Project and construction managers
  • Contractors and subcontractors
  • Any other parties by agreement involved in operations of works.

What’s covered?

  • Works in progress and construction materials against loss or damage throughout the construction period, such as:
    • permanent or temporary structures, materials and supplies
    • temporary buildings, camp buildings, project buildings and all contents of formwork, false-work, scaffolding, access platforms, hoardings and mouldings
    • consumables, drawings, documents and electronic data
  • Transit of construction materials within Australia
  • Removal of debris from the site following a loss
  • Offsite related storage or worksites within Australia
  • Expediting expenses
  • Costs and expenses associated with the temporary protection and safety of property
  • Legal liability for third party personal injury and property damage arising out of the project construction activities
  • Legal defence costs and expenses
  • Terrorism coverage

This is a brief overview of policy features only. Please refer to policy wording below for full details of cover and exclusions.

Policy documents

More information

For more information about this policy or any insurance matter email contact@vmia.vic.gov.au to contact our Insurance Team.

Page last updated: 1 July 2017