Since our beginnings, CRM Brokers has been a niche provider of broking services for the construction industry. We carefully tailor a policy to suit the specific requirements of our client’s projects, no matter how large or small.
The comprehensive coverage we arrange incorporates Contract Works (also referred to as Material Damage) and Public Liability, as well as Machinery & Plant Equipment failure. Our clients range from Owner Builders and Renovators to large multi-unit Property Developers whose developments are in well excess of $500 million.
A brief summary of the policy types follows:
Contract Works & Public Liability insurance provides cover against risks associated with civil, commercial and residential construction projects and is taken out by licensed builders and contractors when they commence a new residential or commercial building project.
The policy is designed to insure a building project (and materials on site); against loss or damage, covering the material damage as well as the legal liability for personal injury or property damage, for all works commenced during the period of insurance.
The annual policy can be configured as a transfer policy, run-off arrangement or project declaration policy. Cover is also provided for a specific construction project.
Trade Plus Construction Insurance can include simple to complex projects such as:
We are not limited to the types of building work (below):
The key benefits of the policy are:
Contractor Machinery & Plant insurance covers physical loss or damage to your hired-in plant and machinery, whilst providing other additional benefits such as financial protection, breakdown, road risk and liability coverage.