Insurance For Builders
Contract Works is a broad policy for those in the Building and Construction trade. It can be taken as a contract-specific policy or annually with a transfer or run-off basis, primarily covering material damage and liability.
Contract Works can cover:
- Construction of residential, commercial and industrial structures
- Third party liability – legal liability to third parties who suffer personal injury or property damage due to the Insured’s negligence
- Advanced Business Interruption (or Delay in Start Up) – covers loss of profit caused by a delay in completing a project and is available on a gross-profits, rentals or holding-costs basis.
Your Risk Advisor
McKenzie Ross is an insurance broker specialising in advising company’s on their building risk. We can provide you with a comprehensive review of your business risk and through our extensive reach in the Australian and international insurance market provide a tailored business insurance solution to suit your company’s needs.
Key Benefits Of Using McKenzie Ross
High level assurance that risks are transferred where intended.
A greater understanding of the risks retained in your organisation, some of which may require alternative management methods.
A formal process of risk identification that demonstrates good corporate governance to stakeholders.
Linkage between insurance and your organisation’s overall process for risk management.
Enhanced ability for ‘insurable’ risk to be transferred to insurance markets in the best possible light by demonstrating sophistication in identification and analysis.