For contractors and construction professionals, mitigating risks is essential to ensure the successful completion of projects. Contractors All Risk Insurance provides comprehensive coverage specifically tailored to protect contractors against a wide range of risks and perils encountered during construction projects.
Contractors All Risk Insurance offers the following key benefits:
- Property Damage Coverage: Protection against loss or damage to construction materials, equipment, and machinery on-site or in transit, including damage caused by fire, theft, natural disasters, and accidents
- Third-Party Liability Coverage: Coverage for legal liabilities arising from bodily injury or property damage to third parties due to construction activities, ensuring you are financially protected in the event of a claim or lawsuit
- Construction Plant and Equipment Coverage: Insurance for construction plant and machinery, including excavation equipment, cranes, and tools, safeguarding your valuable assets against damage or theft
- Delay in Start-Up Coverage: Compensation for financial losses resulting from project delays due to insured perils, providing coverage for additional expenses and lost income during the delay period
- Professional Indemnity Coverage: Protection against claims arising from errors, omissions, or professional negligence in design, specification, or supervision of construction projects, ensuring your professional reputation is safeguarded
- Advance Loss of Profit Coverage: Coverage for financial losses incurred due to project delays beyond the control of the contractor, providing compensation for lost profits during the extended period
At IMC Insurance Brokers, we understand the unique risks faced by contractors and construction professionals. Our Contractors All Risk Insurance policies are designed to provide comprehensive coverage and tailored protection, allowing you to focus on completing projects with confidence.
Our team of insurance experts specialises in the construction industry and will work closely with you to assess your specific risks and customise a policy that meets your needs. We are dedicated to providing responsive service, prompt claims assistance, and ongoing support throughout the duration of your insurance coverage.
To learn more about Contractors All Risk Insurance and how it can protect your construction projects, call us on 1300 251 253.
