Contract Works | Master Builders Insurance Brokers

Why do you need our
broader coverage?

 
We know Contract Works Insurance is a vital if you own, run or manage a construction site, but having the right policy can make all the difference.
mbib cwlanding waterproofing2

Are you covered for water damage caused by failed waterproofing?


Many contract works & liability policies completely exclude the cost of repairing future damage caused by defects in construction which can often be $50k or more.

Coverage is available, which excludes the cost of the defect (ie the waterproofing) but covers the damage which has occurred as a result of the defect.
mbib cwlanding tools2

Are your tools covered for what they're worth?


Having the wrong policy could cost you $5k-$12k in the settlement amount for a $30k tools theft claim.

Policies are available that provide 2 years 'new for old' insured values for tools, with favourable depreciation figures for items older than 2 years.
mbib cwlanding tools2

 

mbib cwlanding completion2

Are you covered for homeowners accessing their build prior to practical completion?


With many Contract Works policies, allowing a small portion of your build to be 'put into use' can cease cover altogether.

Policies are available that are not prejudiced by partial occupancy or being put into use, ceasing cover at practical completion/handover, which typically aligns with your contracts.

 

 

Why choose
Master Builders Insurance Brokers?

icon join expert team
We have a team of 65 construction insurance brokers nationally
icon join broader coverage
Our exclusive wording gives you broader cover and national pricing discounts
icon join industry experts
We're one of the largest specialist construction insurance brokers in Australia

 

Download our essential guide:
5 Things to Check on Your Contract Works Insurance Policy


Depending on the insurer, there can be 10–20 differences between Contract Works policies. Each difference has the potential to expose you to significant losses depending on your individual situation.

How do you know which policy is right for you?
Start with our guide or talk to us to compare and select the most suitable policy for your business.

By submitting this form, you acknowledge an MBIB broker may contact you to discuss you insurance needs.

 

Speak to a specialist about your insurance needs today:


"Although it's a common requirement, Contract Works insurance can vary significantly from different insurers and there is no such thing as a standard policy.


Don't risk it. We're here to make sure you get the right advice."

joe keiper

Joe Keiper
Southern Region Manager

  Click to call03 9411 4555

  03 9411 4555