Why Civil Contractors Need Insurance
Civil construction is the creation of infrastructure around anything to do with earth, water, or transport. It involves design, construction and maintenance of environments like buildings, subdivisions, roads, railways, bridges, airports, reservoirs, sewer systems, dams and tunnels. Civil contractors generally use expensive, heavy plant and equipment and without insurance the risks of damage, loss and user injury are enormous.
Common risks to discuss with your broker
- Worker and third-party injury
- Faulty work and failed deadlines
- Equipment theft and damage
- Seasonal lags
What Types of Insurance do Civil Contractors Need?
Civil contractors can operate under different business structures, each with its own risks and insurance considerations. You may need several different kinds of insurance, some of which include:
An Adviser can assess construction public liability insurance alongside contract works and plant and equipment cover.
At Adroit, our reason for existing is to help our Melbourne clients confidently take on whatever tomorrow brings.
Public and product liability may be important for civil contractors because business activities can create third-party injury or property-damage exposures. If your negligence results in property damage or personal injury, you are liable.
Your access to leave and workers compensation depends on your employment arrangement, business structure and state or territory.
Contractors generally enter into contracts with large companies with lawyers who design contracts that shift responsibility from them and onto you. Your adviser can review contractual liability exposures and whether available cover responds to the contracts you sign.
Insurance for tools is not obligatory for tradies but it’s certainly wise. And construction companies depend on heavy machinery, materials, equipment etc., so theft or failure can derail a project.
Insurance for unregistered plant and machinery may cover motorised equipment such as bobcats, telehandlers, cranes and bulldozers, subject to the policy terms and exclusions. Insurance for plant and equipment may be arranged for owned or hired-in machinery, with terms shaped around use and movement.
Depending on the policy terms, construction and builders cover may respond to accidental loss or damage at the site, certain on-site liability, and products or materials in transit. Builder insolvency protection is a separate, state-specific cover for eligible residential work. Contract works insurance may cover works and materials against accidental loss or damage during construction, subject to policy terms.
Why Choose Adroit?
As a civil contractor, you can draw on an insurance risk adviser’s industry knowledge and experience to support your claims and insurance decisions. We partner with you, championing your cause, ensuring you and your company are ready to take on tomorrow. Choose Adroit today to get tailored insurance covers that are right for your needs.
Adroit works for you, not the insurer.
For building or renovation work, your adviser can assess contract works cover and any cover required for the existing structure.
Get Quotes on Tailored Civil Contractors Insurance at Adroit Today
Get quotes on tailored insurance needs for civil contractors at Adroit today.
Costs for Tailored insurance for civil contractors in Australia vary depending on your project. Your risk advisers at Adroit can compare a range of insurance options. We strive to provide you with accurate, trusted and sound risk advice tailored to your needs.