Construction & Contract Works Insurance — Granite Belt Insurance Brokers
Granite Belt Insurance Brokers arranges construction and contract works insurance for builders, owner-builders, developers and principal contractors across the Granite Belt and New England. We understand the contract requirements that drive cover structure — whether you are working under AS 4000, AS 2124 or a bespoke principal’s contract. See also: Trades Insurance and Civil Contractors Insurance.
✅ What contract works insurance typically covers
- Contract works (material damage) — physical damage to the works under construction from insured perils including fire, storm, flood and accidental damage
- Public liability — third-party injury or property damage claims arising from construction activities
- Plant and equipment — owned and hired-in plant on site (may be separate policy or section)
- Existing structures — damage to the owner’s existing property arising from the works (where included)
- Defects liability period — cover extended after practical completion while defects liability obligations continue
- Advanced loss of profits / Delay in Start Up (ALOP/DSU) — revenue loss when a project is delayed by an insured event (commercial projects)
⚠️ Common gaps in construction cover
- Existing structures not covered — damage to what was already there before the works started
- Design defect exclusions — LEG wordings vary and materially affect coverage for defect-related losses
- Sub-contractor works not covered — check whether work by uninsured subbies is included
- Plant not included — often a separate placement that gets missed
- Defects liability period not extended — cover stops at practical completion
- Principal’s requirements not met — wrong limit, missing sections or wrong parties named as insured
How contract works is structured
- 1) Contract value — total project value including materials, labour and profit
- 2) Contract type — AS 4000, AS 2124, head contract or owner-builder
- 3) Project duration — construction period plus defects liability period
- 4) Site characteristics — location, flood zone, existing structures, access
- 5) Principal’s requirements — review the contract insurance clause before placing
Making a claim
- Notify us immediately for any site incident, property damage or injury
- Preserve site records, photographs and daily diaries for the event period
- Do not admit liability or make offers without involving the insurer
- Keep design documentation, contract correspondence and variation records
Who this suits
- Residential and commercial builders
- Owner-builders undertaking significant renovations
- Principal contractors on civil and infrastructure projects
- Developers managing construction of investment properties
Renewal checklist
- Review contract insurance clause before each new project
- Confirm sub-contractor cover arrangements
- Check defects liability period extension is in place at practical completion
- Update project value if scope changes during construction
Related pages
Civil Contractors Insurance · Trades Insurance · Business Insurance · Contact Us
❓ Common questions
Here are questions we are commonly asked about construction insurance by clients across the Granite Belt and New England.
- How much does construction insurance cost? Premium depends on your specific situation — activities, asset values, cover type and claims history all affect the price. We compare options across multiple insurers and explain the differences clearly.
- Do I need a broker or can I go direct? You can approach insurers directly, but a broker compares multiple markets, structures cover to match your specific needs and advocates for you at claim time. For regional and rural risks, broker access often finds options not available direct.
- What happens when I need to claim? Contact us immediately. We manage the notification, help document the loss, liaise with the insurer and assessors, and advocate for a fair outcome.
- How do I know if I am underinsured? Your sum insured should reflect full replacement cost at today’s prices. We review sums insured at every renewal and flag concerns before a claim makes the shortfall real.
Get a quote or review
Granite Belt Insurance Brokers has been arranging insurance across the Granite Belt, New England and Northern Rivers for over 25 years. To arrange or review your construction insurance, contact us without obligation.
- Call: 07 4681 1289 — Monday to Friday 8:30am to 5pm
- ✉️ Email: email hidden; JavaScript is required
- Request a quote or review online
Related pages
Civil Contractors Insurance · Trades Insurance · Business Insurance · Contact Us
Why use Granite Belt Insurance Brokers
As an Authorised Representative of Community Broker Network Pty Ltd (CBN AFSL 233750) and a Steadfast Group member, Granite Belt Insurance Brokers has access to a broad panel of admitted insurers and products not available through direct channels. Our team holds formal qualifications including Diploma of Insurance Broking, QPIB and Senior Associate CIP (ANZIIF).
We act on your behalf — not the insurer’s — to help you understand your options, prepare information for underwriting, and support you through the claims process.
What to do next
If you would like to discuss your insurance requirements, contact us for a no-obligation conversation. We will help you understand what information is typically needed and what options may be available for your situation.
Call 07 4681 1289 · email hidden; JavaScript is required · Contact Us
All strategies and information provided on this website are general advice only which does not take into consideration any of your personal circumstances. Please arrange an appointment to seek personal advice prior to acting on this information. Cover availability, terms, exclusions and premiums vary by insurer, product and individual circumstance.
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