Workplace RelationsConstruction Works & Liability Insurance
(with Products/Completed Operations cover)
Master Builder Cover is a Construction Works and Liability policy designed by Master Builders for Master Builders. Some of the many benefits of Master Builder Cover include:
- Discounted premiums for members
- A wide range of essential policy extensions - at no extra charge
- Specialised insurance plans for both the Housing and Commercial sectors
- Flexible policy alternatives (job specific, monthly declaration or annual)
- Automatic minimum cover allowances for:
- Plant, equipment and tools
- On site amenities, sheds and their contents
- Contract value variations
- Owner supplied materials
- Professional fees
- Debris removal following insured loss
- Materials in transit and off-site storage - Builders margin is included in repair costs for insured losses
- Continued cover after completion for - strata projects pending registration, specs pending sale and displays whilst in use (time limitations are applicable)
- An allowance for legal expenses, additional to your sum insured, for defending liability claims
- Cover for builders liabilities, arising from their subcontractors actions
- Liability cover for damages caused by faulty works to third party persons or property, occurring after completion or handover of your jobs. Your policy needs to be in force at the time these damages occur.
- Indemnity for your owner/principal, arising from your performance of the works
- An automatic allowance for damages caused by vibration, to property surrounding your site
- and a lot more.........................................
Master Builder Cover quotations include a comprehensive summary of policy cover and benefits, however it is necessary to refer to policy documents for precise details.
To download forms for Construction Works & Liability Insurance please click here.