Construction and Engineering Insurance

Platinum Commercial and General Insurance is able to arrange, place and manage all your Construction and Engineering Insurance requirements.

A number of Construction and Engineering insurance solutions are available to meet the demands of major construction and infrastructure contractors through to small & medium sized suburban builders.

These include:

• contract works insurance: buildings in course of construction, civil works, machinery erection, construction liability and advance business interruption
• machinery breakdown and boiler explosion
• computer insurance
• residential construction warranty insurance.

Contract Works and Legal Liability ( single construction projects or annual construction projects)

Contract Works and Legal Liability provides comprehensive cover for most construction risks. 

We are able to arrange and place cover that deal with annual or single project policies for builders, contractors or principals covering:

•  construction of buildings and other structures
•  erection and installation of machinery, plant and equipment
•  dry and wet civil works
•  legal liability
•  advanced loss of profits
•  advanced loss of rental
•  delay in start up
•  holding costs and standing charges.

Engineering Machinery Breakdown, Boiler Explosion and Computer Insurance

We are able to arrange and place cover for most machinery, boiler and computer installations.

This policy usually covers plant against damage caused by mechanical, electrical or electronic failure and explosion. Extensions available include:

•  business interruption
• deterioration of refrigerated goods following insured damage
• media restoration
• increased cost of working.

We can arrange, place and manage your Contractors’ Plant and Equipment insurance requirements.  This type of policy typically provides cover for damage to plant and equipment, and up to $30m cover for road risk liability.  We can arange cover for single items of owner-operated plant or large plant fleets – whether this plant is involved in earth-moving, construction, cranage, agriculture or mining. 

Benefits include:

• escalation in the value of plant during
• the policy period
• transportation of damaged plant
• costs
• removal of debris
• costs for expediting repairs
• lease payout protection.
• Accessories and tools
• Dangerous goods carriage (within guidelines specified)
• Expediting expenses
• Removal and recovery of plant
• Windscreen replacement