Construction Insurance

Zurich provides tailored insurance solutions and risk engineering services for a range of major construction projects.

Why choose Zurich Construction Insurance?

Contractors and project managers need to be aware of all job site risks, including theft, property damage and contractor’s plant and equipment (CPM) losses.

Zurich has customised solutions for a variety of midsize to large commercial construction projects through monoline and multiline insurance programs.

Built to manage all types of construction risk

Construction All Risks (CAR)

CAR covers against unexpected material damage or loss on-site, including those experienced during transit or while in storage.

CAR typically covers the principal or owner, the main contractor and subcontractors and some other parties to the extent of their direct activities on-site.

Zurich can arrange CAR insurance for projects in Australia and New Zealand and other countries where local interest exists.

Erection All Risks (EAR)

EAR covers against unexpected physical damage to the contract works of projects predominantly consisting of the assembly or installation of machinery, plant, equipment and steel structures.

This includes material damage to the building works and in some cases the mobile equipment used to perform the works.

Delay in Start Up (DSU), Advance Consequential Loss (ACL) or Advance Loss of Profits (ALoP)

DSU, ACL and ALoP insurances protect owners against financial losses incurred due to a delay in completing a project due to material damage loss covered under the CAR or EAR policies outlined above.

Financial losses could include additional financial costs, standing charges or full gross profits.

These insurances can also be tailored to reflect the different financial interests involved in the project.

Annual Construction Policies

Annual Construction Policies cover is similar to CAR and EAR insurance, but it’s tailored for smaller projects on an annual renewable policy.

In addition, the type, size, duration and geographical location of the projects to be insured – as well as the way the policy operates – are also defined in advance.

Construction Insurance works well with…

Zurich Resilience Solutions

Through Zurich Resilience Solutions (ZRS), our risk engineers and consultants take the guesswork out of assessing risk for medium to large businesses.

Risk Management Tools

Our suite of powerful tools helps you to understand and minimise risks and enables us to work closely with you and share valuable risk insights.