Third Party Legal Liability

 

Our Steadfast approved construction liability policy, which is underwritten within our Binding Authority with Lloyd’s, is specifically designed for the construction and associated industries.

Purpose written for the construction sector and endorsed by supporting brokers who use it, this product is considered more advanced compared to what is available from the Australian market . It provides broader cover than what is available through many of the major underwriters and underwriting agencies standard products.

We can write to a up to a Limit of $25 million within our facility with higher limits available if required.

Standard deductibles are $25,000 Worker to Worker and $5,000 all other losses but there is scope to amend these up or down.

The policy can be extended to include as sub limits:

  • Gradual Pollution
  • Errors and Omissions
  • Rip & Tear of Defective Concrete
  • Asbestos Removal & Transport
  • Statutory Liability
  • Product Recall
  • Airside risks
  • Victorian Plumbers Legislation
  • Queensland Electrical Contractors Extension

Policies can be issued on a project specific basis or on whole turnover basis which can also include other activities of the insured that are not construction related.