CONSTRUCTION
ANNUAL

MECON’s Annual Projects policy combines both material damage and public liability. We offer the flexibility of policies which can operate on a turnover (transfer), run-off (contracts commencing) or individual declaration (pay as you go). We insure simple or complex projects whether they are owner-builder, residential, commercial, civil or mechanical.

The policy contains an automatic limit for:

  • Access costs (complementing DE4)
  • Claim Preparation costs
  • Expediting expenses
  • Leak search and locate costs
  • Mitigation costs
  • Plans, documents and data
  • Professional fees
  • Removal of debris
  • Variations and escalation


The policy automatically includes:

  • Care, custody or control (including Vehicles and mobile plant up to $100,000)
  • Contractors, Subcontractors and Principals
  • Contractual Liability
  • Cross Liability
  • Injury/Damage buy-back on Professional Indemnity exclusion
  • Marine 50/50 (concealed damage)
  • Off-site storage and transit (to the full sum insured)
  • Products liability (including cover for previously completed projects)
  • Resultant damage from faulty design, workmanship and materials (DE4)
  • Testing and Commissioning (up to 4 weeks if specified in contract)
  • Undamaged foundations
  • Vibration weakening or the removal of support
  • Waiver of subrogation rights
  • 96 hours event clause


The policy can also be extended to include:

  • Contract of sale extension
  • Contractors Pollution Liability
  • Contractors plant and equipment including hired-in plant (24 months “new for old” cover)
  • Cover advantage
  • Difference in conditions
  • Display homes
  • Earthworks Advantage
  • Existing structures
  • Financiers interests
  • Partially completed projects
  • Property in care custody or control
  • Principal supplied materials