Creating and maintaining the correct insurance solution for your clients requires a structured approach. Our scoping framework ensures that you benefit from the depth of our experience, and can deliver comprehensive insurance solutions regardless of project complexity.
Contractors All Risks
Contractors All Risks
At Scope Underwriting our Contractor All Risks policy offers broad coverage, strategically designed to protect your construction projects at every stage, including coverage for material damage, theft, and unforeseen events that could impact a project being delivered on time and on budget.
APPETITE LIST:
Covered
Home Builders
Covered
Apartment Builders
Covered
Commercial Builders
Covered
Office fit-out Contractors
Covered
Industrial Builders
Covered
Institutional Contractors
Covered
Civil Contractors
Covered
Subcontractors
Covered
Principally Controlled Projects
Covered
Annual Renewable Policies
Covered
Single Projects
Optional Extensions
Policies can be dialled up or down with the use of our Optional Extension wordings. Discuss your client's needs with one of our underwriting specialists to build a policy as unique as each project.
Defects Liability
Period (Guarantee)
Defects Liability
Period (Guarantee)
Includes a broader definition of parties insured by the policy.
Display Homes
& Contents
Display Homes
& Contents
Extends Property Insured to include Display Homes and their associated Contents.
Inflation
Protection
Inflation
Protection
Covers inflation-driven cost increases due to delays from insured damage, excluding costs from other delays, redesigns, or penalties.
Plant Hire
Charges
Plant Hire
Charges
Covers the additional costs to hire a replacement item of owned Plant or Equipment, or the ongoing hire charges to the owner of damaged Plant or Equipment.
Plot Ratio
Indemnity
Plot Ratio
Indemnity
Compensation for the financial loss arising from the inability to rebuild to the same size or density due to the exercise of any government or statutory authority.
Reasonable
Care
Reasonable
Care
Removes the condition that the Insured must take Reasonable Care to avoid loss or Damage.
Run-Off
Contracts
Run-Off
Contracts
Adds the ability to continue cover for any unfinished projects at the expiry of the Period of Insurance.
Speculative Homes
Protects contractor owned properties after project completion while they are on the market for sale.
Broker Benefits
Extensive underwriting experience
Benefit from a combined 35+ years of underwriting experience, providing a deep understanding of industry and construction related risk.
Tailored underwriting approach
We specialise in crafting bespoke solutions, tackling even the most complex risks with a dedicated approach to finding the right coverage.
Exceptional service standards
Experience superior service and peace of mind with our commitment to high standards and prompt, reliable support for all your brokerage needs.
Our Advisory Framework
Collate
We help brokers to understand what information will be required to develop a comprehensive evaluation of each specific risk.
Understand
We analyse the risk information stack to fully understand the Insured, their contractual obligations and potential liabilities.
Tailor
We utilise the flexibility of our exclusive wording to draft a tailored insurance solution that effectively addresses both the identified risks and contractual requirements.
Maintain
With an always-on approach to our broker relationships, we maintain open channels of communication to confirm the level of cover remains adequate and appropriate for the duration of each project.
Backed by World Leading Security
Lloyd’s is the world’s specialist insurance and reinsurance market. Operating in more than 200 countries and territories worldwide, the Lloyd’s market has an unrivaled concentration of specialist underwriting expertise. For more than 150 years, Lloyd’s has provided tailored insurance and reinsurance solutions for a variety of Australian risks. Lloyd’s is licensed to write general insurance and reinsurance business under the Australian Insurance Act 1973. In 2018, Lloyd’s underwriters wrote A$2.8 billion of business in Australia, making Lloyd’s the fifth largest general insurer in the Australian market.
Our Specialists
Nicholas Vernon
Co Chief Executive Officer
Robert Higginson
Co Chief Executive Officer
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