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Insurance News from Contract Works Insurance

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News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

New specialty insurer adds capacity for construction risks
New specialty insurer adds capacity for construction risks
05 Nov 2026: Paige Estritori
Munich Re Specialty’s formal entry into the Australian primary specialty insurance market on 2 November 2026 is a fresh signal that capacity is returning to selected commercial risks, including construction and engineering. For builders, contractors and project owners, the development is relevant because it adds another recognised name to a market where placement outcomes still depend heavily on project quality, documentation and risk controls. - read more
New single-project option signals more movement in construction insurance
New single-project option signals more movement in construction insurance
29 Oct 2026: Paige Estritori
A new single-project construction insurance product has entered the Australian market, adding to signs that capacity is improving for selected residential and commercial building risks. Hutch Underwriting announced the launch in late September 2026, alongside higher limits for its annual construction product, giving brokers another placement option for standalone builds and recurring construction programs. - read more
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
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The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.


Contract Works Insurance Articles

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
How Contract Works Insurance Claims Are Generally Handled After Site Damage
How Contract Works Insurance Claims Are Generally Handled After Site Damage
A practical guide to the general steps involved in a contract works insurance claim after damage, theft or loss on an Australian construction site. - 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
Does Contract Works Insurance Cover Subcontractors, Owners and Principals?
Does Contract Works Insurance Cover Subcontractors, Owners and Principals?
Contract works insurance may cover more than the head builder, but who is protected depends on the policy wording, project contract and how each party is listed. This guide explains how subcontractors, owners, principals, financiers and other interested parties may fit into a construction insurance arrangement. - read more

Knowledgebase
Flood Insurance:
A specific type of property insurance that covers losses and damage caused by flooding.

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