Construction and Trades
Construction projects and trades come with inherent risks. Our insurance solutions protect you against accidents, equipment damage, and liability claims. From small trade businesses to large-scale construction projects, we ensure you’re equipped to handle the unexpected.
Products
- Public Liability
- Workers Compensation
- Property
- Motor
- Management Liability
- Equipment Breakdown
- Business Interruption
- Crime
- Marine
- Corporate Travel
- Cyber
- Product Liability
- Professional Indemnity
Some significant exposures for construction and trade businesses
- Crime – fraud-based claims and employee dishonesty
- Crime – theft of tools including power tools
- Cyber – external hacking to gain access to sensitive/confidential client information
- Equipment – breakdown of various tools and equipment situated on site or taken to sites
- Management risks – breaches of WHS legislation, discrimination, privacy breaches and other employment practices liabilities
- Product liability – defective work or faulty installation resulting in third party property damage or bodily injury
- Product liability – use of non-conforming, non-compliant and /or lower quality product or material
- Product liability – not following specifications or building code
- Professional risks – errors and omissions from advice on selection/recommendation of systems, designs and material
- Property damage – faulty appliances such as desk top fans and heaters introduced by staff
- Property damage – fire risk in staff kitchens
- Property damage – poorly maintained building, plant and machinery/electrical switchboards
- Public liability – damaging customer property when working “on-site”
- Public liability – slips, trips and falls with customers getting injured when visiting business premises
- Workers’ compensation – injury from electrical shock, falls and cuts
- Workers’ compensation – injury from lifting heavy objects
Product Spotlight – Public & Products Liability
Public & Products Liability Insurance protects businesses against financial losses from third-party claims of bodily injury or property damage. It covers legal fees, medical expenses, and settlements, ensuring essential protection for day-to-day operations. This insurance is crucial for businesses of all types, offering peace of mind in managing unforeseen risks.
Common sources of Public Liability claims include:
- Slip and fall accidents
- Injury of a guest at a company event
- Collapse of structures
- Damage to customer and other third-party property
- Liability to sub-contractors
- Vicarious liability for sub-contractors
- Third party injuries from tools, equipment and material
Common sources of Product Liability claims include:
- Defective products
- Contaminated products
- Labelling errors
- Products with inherent design flaws
- Unlisted or improperly tested ingredients that lead to chemical reactions or allergic reactions
Claims Example
Business Details – Electrical contractor
Background – The electrical contractor was engaged to supply and install a nurse call system in a care facility. While laying cables in the ceiling cavity the insured’s employee slipped and put their foot and weight on a fire system pipe causing it to break. Water flowed for approximately 30 mins before it could be turned off. The damage affected at least seven rooms of the facility and damaged personal items belonging to residents.
Outcome – The insured’s general liability policy covered the settlement costs and legal fees.
Total Payment – $480,000