Our Single Project 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.
Key features:
- Tool and Equipment “new for old” if less than two years
- Contractors and subcontractors insured where required by contract
- Marine transit
- Defective Design, Workmanship and Material (DE4)
- Welding and Hotworks – no requirement to comply with NZ standards
The policy automatically includes:
- Advertising liability
- Contractual liability (construction contracts)
- Off-site storage and transit to the full sum insured
- Practical completion extended for Owner Builders
- Subrogation waiver for all insureds
- Vibration weakening or the removal of support
- $20,000 claim preparation costs under Section 2 Liability
- 96 hours event clause
The policy can also be extended to include:
- Contractors plant, tools and equipment)
- Cover advantage
- Difference in conditions
- Display homes
- Exemplary damages
- Forest and rural fires extension
- Hired in plant
- Licensed building practitioners
- Liquidated damages (for residential builders)
- Partial occupancy
- Partially completed projects
- Professional Indemnity
- Testing and Commissioning