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Insurance Products

Construction Insurance

Construction & Liability Insurance

Construction and Liability Insurance is also known as 'Contract Works Insurance' and provides protection during the course of the construction for material damage and legal liability against a range of construction-related risks.

The main types of construction include:

  • Buildings - Residential, Industrial, Commercial, including refurbishment and renovation of existing dwellings.
  • Civil Works - Pipelines, Roads, Railways, Bridges, Tunnels and Shafts, Water, Dams and Sewerage Plants, Towers.

There are different types of policies available which cover:

Project Specific Construction Insurance

This is a one-off insurance which provides protection for a single project and its related risk. This includes owner/builders.

Annual Construction Insurance

This insurance is based on an annual basis and covers the projected work of a contractor/builder during that period. Provides flexible protection.

Material Damage

The insured contract works are covered for unforeseen physical loss or damage during the construction period (and/or maintenance period). In addition sublimits which include but not limited to removal of debris, mitigation costs, professional fees, escalation costs, existing structure, principal supplied materials and tools and equipment


This covers legal liability to the general public in connection with construction related activities for both Injury and damage to third parties where the Contractor is negligent.

Advance Consequential Loss

This can be purchased together with a Contract Works and Liability insurance policy which can cover a principal/owner in the event of a loss and the works are delayed resulting in loss of income.

Please Contact Us now on 03 8615 0600 to speak directly to a Principal or Senior Adviser about how best to protect your business asset.

Selecting The Right Policy

It is very important that you understand your insurance requirements and the extent of your policy coverage. Policy coverage is always subject to the terms, conditions and exclusions of the insurance contract and policy wording provided by the insurer.

You will find that each insurance company has its own policy wording and therefore the coverage can vary considerably from one insurer to another. So it becomes vital that you compare each policy based on the appropriateness of cover for your individual or business needs.

As Insurance Advisers, it is our role to understand the terms and conditions and apply them to your individual business needs. We rely on our extensive international and national experience in specific sectors of insurance to select the right insurance for your business. We can then provide advice and tailor make the best insurance program to reduce risk and provide peace of mind.

For expert advice, real experience and a comprehensive understanding of your business and it's insurance requirements.
Call now on 03 8615 0600 and arrange a no-obligation consultation with a member of the PACE Insurance team.

Insurance Advisernet Australia

Pace Insurance Pty Ltd is a Corporate Authorised Representative of Insurance Advisernet Australia Pty Ltd
AFSL No. 240549 | Corporate Authorised Representative No. 406993
Visit the Insurance Advisernet website.