Construction Insurance Services

Construction Insurance Services
A specialist Division of Statewide Insurance Brokers.
Launched June 2007.


Construction Risk Material Damage & Public Liability
This style of insurance is designed to protect your assets and liabilities arising during the course of construction.
The main types of insurance are Annual Blanket and Job Specific.

ANNUAL BLANKET
The annual cover is designed for builders who are building at least 2 or 3 jobs per year, It provides superior coverage to the Job Specific. Its main aspects cover loss or Material Damage to the “Works”.
Having “Product” liability coverage is significant as it treats your work, once finished, as your product and any loss or damage caused by your product is insured whilst you maintain this insurance. Under typical Public Liability insurance there remains significant uncertainty as to whether or not such loss or damage is insured once you have finished the job and left the site.
An estimate of the amount of work planned for the coming 12 months is declared to us at the commencement of the policy period and premium is based upon this. At the end of the year we seek a declaration of the actual work undertaken and determine if a premium adjustment is required. This removes the need for to continually request the addition of new jobs throughout the year.

JOB SPECIFIC

This style of insurance is appropriate for builders who only have one job planned or wish to insure each job separately. It is also appropriate for Owner Builders. “Job Specific” simply means the policy applies in respect of a specific job and does not cover anything else.

WORKERS COMPENSATION
This policy is arranged on an annual estimate but unlike others, you do not have to
keep detailed wages records for your sub – contractors. We simply use a rate on the value of the work you are undertaking.

BUILDERS WARRANTY INSURANCE

We are able to arrange Eligibility with an insurer which best suits your requirements.

WARRANTY CERTIFICATES

The certificate can normally be issued within Twenty – Four (24) to Forty – Eight (48) hours, subject to payment of Premium.
We will assist you with your applications for Eligibility with an insurer when best suits you.

CONTACTS

Builders Warranty
Rea Hema 0416 372 221
Construction & Liability
Dennis Sutton 0408 818 466