This is Not a Drill
It's hammer time!
Hutch Construction insurance now comes in two formats.
Annual cover for builders who are always on the go. Single-project cover for the jobs that need their own dedicated policy. Both are DE4 Wording. Both are available exclusively on Sunrise.
Available exclusively through Ebix Sunrise Exchange (HUTCON).
The Ultimate Power Tool
Six minutes.
That is as long as it takes to enter, auto-quote and bind a construction account with Hutch.
How do we do it? We bulldoze through the traditional admin by automating as much as we can. No logins or passwords, no double keying and invoices are pre-populated. We've even automated closings. Only the bare minimum manual labour required.
Annual Construction Insurance
Time to Uncover all the Riveting Policy Details
Keep scrolling to discover how we measure up.
Contractors Plant & Equipment up to $250k Total Sum Insured
24 months new for old.
Pollution Liability up to $1M sum insured
Combined construction and maintenance period up to 48 months
Limits shown are maximums available. Sub-limits, conditions, and exclusions apply. See the Policy Wordings for full terms.
Coverage at a Glance
Both Annual Construction and Single Project are underwritten by certain underwriters at Lloyd's and other insurers.
| Product | Policy Basis | Who It's For | Sections |
|---|---|---|---|
Annual Construction |
Annual Turnover or Run-Off |
Residential and commercial builders below the 26th parallel south; turnovers up to $250M |
Section 1: Material Damage up to $30M contract value Section 2: Legal Liability up to $20M (optional) Section 3: Cyber up to $25k (optional) |
Single Project |
Construction through to end of maintenance period |
Builders, developers, and contractors with one specific project, below the 26th parallel south |
Section 1: Material Damage up to $30M contract value Section 2: Legal Liability up to $20M (optional) |
Annual Construction
What is annual construction insurance?
Annual Construction is for residential and commercial builders in ongoing business. It covers work for a full policy year, on either an Annual Turnover or Run-Off basis.
Who is annual construction insurance for?
Builders and contractors operating below the 26th parallel south, with annual turnovers up to $250M, taking on residential and commercial work.
What does annual construction insurance cover?
- Material Damage: Unforeseen physical loss, physical destruction or physical damage to the contract works.
- Optional extensions: employees' tools and effects, plant and equipment, hired-in plant, existing structures and display homes.
- Additional Benefits: Removal of Debris; Expediting Expenses; Professional Fees; Mitigation/Temporary Protection; Claims Preparation Costs; Leak Search and Repair Costs; Plans; Fire Brigade Charges; Escalation in Costs; Government Expenses; Access Costs; Offsite Storage; Transit; Speculative Buildings; Strata Developments.
- Legal Liability up to $20M: public and products liability, vibration, weakening or removal of support, and exhibitions and publicity.
- Optional extensions: Property in Care, Custody or Control; Contractors Pollution Liability.
- Additional Benefits: Defence of Claims; Temporary Repairs; Legal Costs; First Aid Costs; Claims Preparation Costs.
- Optional Cyber extension: Australian construction underwriting markets offer cyber as a separate product. Hutch builds it in. Brokers quote and maintain construction and cyber in a single transaction, not two.
Appetite at a glance
- Maximum contract value: up to $30M
- Existing structures: up to $5M in any one location
- Contractors Plant and Equipment: up to $250K (Max $100K any one item)
- Legal Liability: up to $20M
- Cyber: up to $25K
Refer to the latest wording for full details of covers, limits, conditions, and exclusions.
Single Project
What is single project construction insurance?
Hutch's Single Project contract works covers one construction project from start through to the end of the maintenance period.
Who is single project construction insurance for?
Builders, developers and contractors with a specific project to insure, located in Australia below the 26th parallel south.
What does single project construction insurance cover?
- Material Damage up to $30M: contract works, testing and commissioning, and maintenance period.
- Optional extensions: Removal of Debris; Expediting Expenses; Professional Fees; Mitigation/Temporary Protection; Claims Preparation Costs; Leak Search and Repair Costs; Plans; Fire Brigade Charges; Escalation in Costs; Government Expenses; Access Costs; Offsite Storage; Transit.
- Legal Liability up to $20M: public liability, vibration, weakening or removal of support.
- Optional extensions: Property in Care, Custody or Control; Contractors Pollution Liability; Defence of Claims; Temporary Repairs; Legal Costs; First Aid Costs; Claims Preparation Costs.
Appetite at a glance
- Maximum contract value: up to $30M
- Construction and maintenance period combined: up to 48 months
- Existing structures: up to $5M in any one location
- Contractors Plant and Equipment: up to $250K (Max $100K any one item)
- Legal Liability: up to $20M
Refer to the latest wording for full details of covers, limits, conditions, and exclusions.
How do Brokers Quote and Bind Hutch Construction Insurance?
Both products are available exclusively via Sunrise Exchange under product code HUTCON.
Awarded a 5 Star rating from LMI ClaimsComparison
LMI ClaimsComparison is an independent site that rates the claims service of Australian insurers and underwriters by product class without fear or favour.
Broker FAQs
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Does new-for-old apply to plant and equipment?
Yes. Where Contractors Plant, Tools and Equipment are less than 24 months old at the time of a claim, both Hutch construction products pay on a new replacement value basis rather than depreciated value. Items over 24 months are settled on an indemnity basis.
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What is the difference between Annual Construction and Single Project?
Annual Construction covers a builder's ongoing work across multiple projects for a full policy year on either an Annual Turnover or Run-Off basis. Single Project covers one specific construction project from start through to the end of the maintenance period. Both products include Material Damage cover, and Public Liability. Annual Construction also includes Products Liability and an optional Cyber extension; Single Project does not.
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Does the policy cover subcontractors?
Yes. Both products extend cover to principals, project managers and subcontractors, as well as consultants, architects and engineers when performing manual on-site activities related to the insured project.
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What areas of Australia does the policy cover?
Both products cover construction projects in Australia below the 26th parallel south.
The 26th parallel runs east to west across the continent, passing roughly through Carnarvon in Western Australia and just north of Longreach in Queensland. In practical terms, it excludes the far north of Australia, including Darwin, Broome, Cairns and the Kimberley.
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What types of projects are not eligible for Single Project cover?
Single Project is not suitable for trades, annual policies or owner builders, or projects involving heavy civils, industrial, or engineering works.
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Is the maintenance period covered?
Yes. Both products extend cover through the maintenance period as part of the combined construction and maintenance period, up to 48 months combined.
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Are Hutch Construction products Dawn enabled, for keyless entry?
Not right now, but construction is definitely on Dawn’s roadmap for the near future. What is Dawn?
Underwriter Spotlight
Rheece Tunnell
Underwriting Manager, Construction
Rheece is a construction insurance lifer, having started his career in his family insurance brokerage in 2002, before moving into underwriting in 2006. Since then Rheece has underwritten SME construction in the Australian market for company markets as well as a number of MGAs.
