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Insurance News

Why rising builder failures matter for contract works cover
Why rising builder failures matter for contract works cover
17 Sep 2026: Paige Estritori
Australia's construction sector remains under pressure, with recent insolvency figures continuing to show building and construction as one of the most exposed parts of the economy. Higher material costs, tight margins, labour shortages, delayed payments and fixed-price contract stress have all contributed to a tougher operating environment for builders, subcontractors and project owners. - read more
Contract Works Insurance Articles

Single Project vs Annual Contract Works Insurance: How the Policy Types Differ
Single Project vs Annual Contract Works Insurance: How the Policy Types Differ
Single project and annual contract works insurance can both help cover construction works, but they are structured differently. This guide explains how each policy type generally works, when each may be considered and what Australian builders and contractors should check before arranging cover. - read more
Contract Works Insurance for Renovations and Extensions: What to Consider
Contract Works Insurance for Renovations and Extensions: What to Consider
Renovations, extensions and domestic building works can create insurance questions that are different from a standard new build. This guide explains when contract works insurance may be relevant, what to check before work starts and how project details can affect cover. - read more
Contract Works Insurance Requirements for Tenders and Construction Contracts
Contract Works Insurance Requirements for Tenders and Construction Contracts
Construction tenders and contracts often ask builders to show evidence of insurance before work starts. This guide explains common contract works insurance requirements, certificates of currency and related documents that may be requested in Australia. - read more
What Is Contract Works Insurance? A Guide for Australian Builders and Contractors
What Is Contract Works Insurance? A Guide for Australian Builders and Contractors
Contract works insurance helps protect building and construction projects against certain physical loss or damage while work is underway. This guide explains how it is commonly used in Australia, who may need it, what it may cover and what to check before arranging cover. - read more

Knowledgebase
Depreciation:
The reduction in the value of an asset over time, used in insurance to calculate the actual cash value of property.