ANNUAL CONSTRUCTION POLICY

CONTRACT WORKS + PUBLIC AND PRODUCT LIABILITY - ANNUAL CONSTRUCTION

INSURED'S DETAILS

Contact Name (required)

Last Name (required)

Phone (required)

Email (required)

Business Name (required)

Business Address (required)

Current insurer

Preferred start date (required)

ACTIVITIES & LIMITS

Business occupation (required)

Public & Products Liability (required)

Estimated turnover in the next 12 months (required)

Estimated payments to sub-contractors in the next 12 months

Estimated payments to labour hire in the next 12 months

Number of employees

CONTRACT WORKS

Maximum value of any one contract (on hand or in the pipeline) (required)

Maximum construction period (required)

Unregistered plant tools & equipment (required)

UNDERWRITING QUESTIONS

Number of storeys (required)

Maximum excavation depth (required)

Please provide additional information for anything you have selected above:

Please provide percentage splits for each category of work you're involved in:

Residential (single dwellings, townhouses, duplexes)

Commercial

Industrial %

Institutional %

Other

Please provide detail of all projects currently under construction and not yet completed.

CLAIMS HISTORY & DISCLOSURES

Has the Insured had any Contract Works or Third Party Liability claims in the past five years?

If yes, please provide details of:

Have any insurers ever declined your proposal/application?

Yes

Have any insurers refused or cancelled cover or imposed special conditions in respect of the proposed insurance?

Yes

Have you or any person applying for this insurance ever been declared bankrupt, insolvent, had liquidators appointed, been a defendant in a civil court case, or convicted of any criminal offence?

Yes

If you have answered yes to any of the above, please provide full details:

DUTY OF DISCLOSURE/ DUTY NOT TO MAKE A MISREPRESENTATION
Before you enter into an insurance contract, you have a duty to tell the insurer anything that you know, or could reasonably be expected to know, that may affect the insurer’s decision to insure you and on what terms. You have this duty until the insurer agrees to insure you. You have the same duty before you renew, extend, vary, or reinstate an insurance contract.

IF YOU DO NOT TELL THE INSURER SOMETHING
If you do not tell the insurer anything you are required to, they may cancel your contract, or reduce the amount they will pay you if you make a claim, or both. If your failure to tell the insurer is fraudulent, they may refuse to pay a claim and treat the contract as if it never existed.

UNDER INSURANCE

DUTY OF DISCLOSURE/ DUTY NOT TO MAKE A MISREPRESENTATION
Before you enter into an insurance contract, you have a duty to tell the insurer anything that you know, or could reasonably be expected to know, that may affect the insurer’s decision to insure you and on what terms. You have this duty until the insurer agrees to insure you. You have the same duty before you renew, extend, vary, or reinstate an insurance contract.

UNDER INSURANCE
Your contract of insurance may contain an average or under insurance provision. This means that if you under insure, you will have to bear part of any loss yourself.

INSURING THE INTEREST OF OTHER PARTIES
If you require another party to be covered by your policy, you must request this in advance. Most policy conditions will not provide indemnity to other parties (e.g. mortgagees, lessors, principals etc.) unless their interest is noted on the policy.

Annual Construction Policy

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