CONSTRUCTION
SINGLE
Our Single Project insurance policy combines both material damage and public liability. We can 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 Liabilities
- Marine 50/50 (concealed damage)
- Off-site storage and transit to the full sum insured
- 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 plant and equipment including hired-in plant (24 months “new for old” cover)
- Contractors Pollution Liability
- Cover advantage
- Difference in conditions
- Display homes
- Earthworks Advantage
- Existing structures **
- Financiers interests
- Owners contents
- Partially completed projects
- Principal supplied materials
- Property in Care, Custody or Control
** If you are an owner-builder, or a retail client and you need to check the sum insured for a single residential dwelling, you may wish to use the sum insured calculator to assist you in arriving at an appropriate value. Please note this is to be used as a guide only.