D.1  Contract works insurance cover

A contract works insurance policy typically include cover for the following risks:

•  damage to materials, goods, equipment and supplies forming a permanent part of the works;

•  damage to temporary work required to construct the works, including props and slipforms;

•  removal of debris;

•  consultants' fees in rectifying damage;

•  government charges associated with rebuilding and rectification;

•  preparing plans, files, records and specifications relating to the works rectification, including computer software; and

•  damage to buildings used for construction purposes.

A contract works insurance policy typically excludes cover for the following risks:

•  damage to plant and equipment owned by a contractor, unless declared;

•  damage to leased equipment if not required to be insured by the lessee;

•  damage to vehicles on site;

•  damage to water borne craft exceeding eight metres in length;

•  personal injury;

•  breaches of professional duty; and

•  workers compensation.

Some risks may also be included in the insurance for the payment of an additional premium includes the following:

•  high-risk civil engineering works;

•  levee bank and coffer dam construction; and

•  goods in transit and stored off site.