Australian Capital Territory – ACT Civil Construction Insurance
For construction and civil engineering businesses in the Australian Capital Territory, major exposures and perils are viewed as possibilities. To protect your business, you need a thorough insurance and risk management program. A knowledgeable construction insurance broker is also required to adequately deal with any issues on your end.
Emjay Insurance Brokers’ construction specialists have experience in assisting principals and contractors across the industry spectrum. From large scale civil engineering projects, major plant upgrades, road and rail infrastructure and above and below-ground mining facilities, we have the expertise you need. We also handle various residential and commercial construction projects, including schools, hospitals, and housing estates, to name a few.
Coverage for Civil Construction
In addition to the usual commercial insurance plans, our ACT construction insurance broker specialists can assist with the following insurances:
- Contract works
- Contract works liability
- Delay in start-up insurance
- Project cargo insurance
- Plant and machinery
- Professional indemnity
- Commercial motor
- Environmental liability
As part of Emjay Insurance Brokers’ complete advisory service, we can also provide the following services to our existing clients in the Australian Capital Territory:
- Dedicated claims management
- Contract reviews
- Risk Management – hazard identification and risk improvement surveys
- Workers compensation insurance services
- Access to specialised offshore markets
Assisting Contractors in the Australian Capital Territory
Emjay Insurance Brokers arranges contract works insurance for contractors. We recommend that contractors arrange their own contract works insurance, rather than relying on principal-arranged insurance.
Certainty of policy coverage and policy response – in cases where another party is responsible for arranging the insurance terms of cover may change. For example, deductibles may be increased, cover deleted or the policy cancelled without the contractor being consulted.
Ability to choose the insurer.
Control over claims funds – where the subcontractor is simply noted on the Principal’s policy, they may not have control on how the Principal spends the claims funds.
Reduced possibility of contractual disputes following an insured event.
Continuity of project – reduces reliance on Principal in the event of an insurance claim. This reduces risk of loss of reputation and/or contractual dispute with Principal customer following an insured event.
Reduces exposure to high deductible of Principal’s insurance providing greater certainty of policy cover and improved balance sheet protection.
At Emjay Insurance Brokers, we can offer Australian Capital Territory contractors the best advice and insurance products to cover their specific needs. These include the option of a deductible ‘Buy Down’ policy, which offers lower exposure to the insurer and in turn, attract a lower premium rate.
Speak to Emjay Insurance Brokers for all your ACT civil construction insurance queries. For more information on how we can assist you, contact us today on 02 9796 0400 or visit the website www.emjayib.com.au.