Construction & Contract Works Insurance
Build Better, Insure Smarter
In construction, every build faces unexpected risks. Knightcorp rewrites the rules with smarter, tailored coverage that builds confidence into every step of your project.
Why Construction & Contract Works Insurance Matters
Insurance in the construction business needs to be nuanced and comprehensive to address the myriad exposures that occur on every project. With deep industry insight, Knightcorp delivers innovative policy solutions that cover all your construction bases.
End-to-End Project Coverage
Covers your build from start to finish, including materials, equipment, and temporary structures, against hazards like fire, theft, and natural disasters.
Policy Flexibility
Choose between single project or annual policies to match your business needs, ensuring seamless coverage across all ventures.
Third-Party Liability Coverage
Safeguards against legal claims from third parties for property damage or personal injury arising from your construction activities.
Delay in Start-Up
Provides protection for project owners against lost or delayed income, as well as additional lending costs, resulting from delays caused by damage to the works.
Our Process
Our streamlined process ensures tailored coverage, competitive terms, and ongoing support for your insurance needs.
Assessing Your Needs
Conduct a detailed risk assessment to identify specific coverage requirements, budget constraints, and unique risks. Develop a customised insurance solution tailored to your business.
Assessing Your Needs
Conduct a detailed risk assessment to identify specific coverage requirements, budget constraints, and unique risks. Develop a customised insurance solution tailored to your business.
Insurer Selection & Market Research
Research the insurance market to identify suitable providers. Compare coverage options, terms, and pricing. Negotiate with insurers to secure the best terms and policies.
Policy Recommendation
Present a range of policy options and provide clear explanations of their coverage and implications. Assist you in selecting the best policy to meet your specific needs.
Policy Submission & Confirmation
Submit the selected policy application and coordinate with the insurer during underwriting. Review the final policy documents and ensure all details are accurate before providing you with the confirmed coverage.
Ongoing Support & Adjustments
Provide continuous assistance with claims, policy reviews, and adjustments as your business evolves. Ensure your coverage remains aligned with changing risks and project needs for long-term protection and peace of mind.
Expertise that Works
Built for Builders
Construction isn’t just a business—it’s a legacy. At Knightcorp, we’re not just brokers; we’re problem-solvers armed with deep industry knowledge. We bring sharp insights, technical precision, and battle-tested expertise to the table, ensuring you’re protected from drafting board to project handover.
- Regulatory Compliance Knowledge: With a deep understanding of Australian construction codes and workplace safety regulations, we craft your policies to align with compliance mandates, keeping fines and penalties at bay.
- On-Site Expertise: Our construction brokers know construction sites inside out. From scaffolding safety to crane operations, we’ve got the expertise to identify and insure against the risks you face every day.
- Contractual Liability Specialists: We dissect contracts with a laser focus, spotting hidden exposures in subcontractor agreements, indemnities, and warranties, so you’re never caught off-guard.
Leadership
Meet Jeremy
Construction projects face a range of risks, from accidental damage and weather events to contractor liabilities and project delays. Our Construction & Contract Works Insurance provides tailored protection for every stage of a build, ensuring financial security and compliance. Whether you're working on large-scale infrastructure or specialised contract works, our solutions help safeguard your investments and minimise disruptions.
Frequently Asked Questions
Demystifying Insurance
What does Contract Works Insurance cover?
It protects against physical loss or damage to your construction projects, including materials, equipment, and structures, from events like fire, theft, and natural disasters.
What’s the difference between Construction Insurance and Contract Works Insurance?
Construction Insurance is a broader category that includes multiple policies like public liability, professional indemnity, workers’ compensation, and equipment coverage. Contract Works Insurance is a key component of Construction Insurance and explicitly protects a project's physical works, materials and equipment, and public liability during its construction phase.
Will my subcontractors be covered by my Construction Insurance?
Your policy may cover subcontractors, but it depends on the specifics of your agreement. Some subcontractors need to hold their own insurance. Knightcorp brokers can help ensure no gaps exist.
Does Construction & Contract Works Insurance cover against natural disasters?
Contract Works Insurance typically covers accidental damage, including natural disasters like storms or floods, fires, and earthquakes during the construction phase.
Every project is different. How do I determine the right policy for my project?
Knightcorp can conduct a risk assessment to evaluate the project’s value, including materials, labor, and potential risks. Our brokers will help you build a policy that is calibrated to fit your project scope.
Does Construction and Contract Works Insurance cover workplace injuries?
Workplace injuries are usually covered under workers’ compensation, which is separate from Contract Works Insurance but essential for construction businesses.
Are machines, equipment, and tools covered?
They can be. Tools, equipment, and even plant machinery can be insured. Just let your Knightcorp broker know what you need protected.
Diverse Sectors, Custom Coverage
Industries We Protect
