Third Party Liability

Third Party Liability

Protecting against damage, injury and legal liability

Our Third Party Liability insurance provides extensive coverage against liabilities arising from construction operations, including property damage and bodily injury to third parties, ensuring you are comprehensively protected against potential legal and financial risks to your business assets.
PROPOSAL FORM - ANNUAL RENEWABLEPDF
PROPOSAL FORM - SINGLE PROJECTPDF
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

The tailored Scope policy wording provides comprehensive coverage for a broad range of projects. Coverage can be dialled up or down with our suite of optional extensions.

COVERAGE INCLUDES:

  • Public Liability covering Third Party Property Damage and Bodily Injury:
    Comprehensive public liability insurance protecting against claims for third party property damage and bodily injury arising from all declared and incidental business activities.

  • Cover for Products Liability and Completed Operations:
    Extended protection for products liability and completed operations, covering claims related to defects or damages resulting from previously completed projects.

  • Specialised policies aligned with Australian Standard contracts:
    Our tailored policies are designed to align with Australian Standard Contracts, providing flexible solutions that help meet contractual requirements and offer specialised protection for construction projects across Australia.

  • Limits up to $250m with follow capacity:
    Coverage limits available up to $250 million, with the ability to provide primary terms or excess capacity to alternative lead terms.

    • 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.

    Insured –
    Alternative

    Includes a broader definition of parties insured by the policy.

    Contractual
    Liability

    Provides cover for all liabilities assumed under contract.

    Professional
    Indemnity

    Extends cover to include Personal Injury or Property Damage resulting from a breach of professional duty.

    Underground
    Services

    Removes this Exclusion from the policy in its entirety.

    Reasonable
    Care

    Removes the condition that the Insured must take Reasonable Care to avoid loss or Damage.

    Run-Off
    Contracts

    Adds the ability to continue cover for any unfinished projects at the expiry of the Period of Insurance.

    If you would like to discuss how we can tailor a product to suit your specific needs.

    Get in touch today

    CONTACT US
    BENEFITS INCLUDE:

  • Coverage through financially reputable insurers:
    Utilising financially sound insurers guarantees reliable coverage for third party property damage and bodily injury, ensuring peace of mind for brokers and their clients.

  • Specialised policies with Australian Standards in mind:
    We offer specialised policies designed to align with Australian Standard Contracts, providing tailored protection and support for a variety of construction projects.

  • Flexible policy options:
    Our flexible policy structure enables brokers to enhance coverage with a variety of Optional Extensions, allowing clients to choose the protection that best fits their needs. This streamlined approach reduces administrative burden, giving clients more time to focus on achieving their business goals.

    • 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

    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.

    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.

    "It's important to remember that we're independant and not part of a broker group. Brokers supporting us are not consequently supporting their competitors"

    Rob Higginson - Co-CEO, Scope Underwriting

    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.

    VISIT WEBSITE

    Our Specialists

    Nicholas Vernon

    Co Chief Executive Officer
    Bio

    Robert Higginson

    Co Chief Executive Officer
    Bio
    "From concept to completion, every construction project needs a solid safety net. Our insurance solutions provide the protection and peace of mind you need to build with confidence."
    Nick Vernon - Co-Chief Executive Officer - Scope Underwriting




    “Let us create a tailored solution to your clients construction insurance needs”

    CONTACT SCOPE
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    © 2024 Scope Underwriting. All rights reserved

    Scope Underwriting is issued and underwritten by Certain underwriters at Lloyds
    and distributed by Scope Underwriting Pty Ltd (ABN 17 677 221 877)
    acting as an Authorised Representative (AR 001306153)
    of Halo Underwriting Pty Ltd (ABN 48 008 497 318, AFSL 237267),
    which is acting under its own AFSL on behalf of Certain Underwriters at Lloyds.

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