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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

Contract Works Insurance Articles

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 vs Public Liability Insurance: Key Differences for Builders
Contract Works Insurance vs Public Liability Insurance: Key Differences for Builders
Contract works insurance and public liability insurance protect against different construction risks. This guide explains how they differ, where other builders insurance types fit, and what builders should check before relying on any policy. - read more
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
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
Occupational Hazard:
A risk associated with the nature of a particular occupation, which may affect insurance premiums.