Four in every five Australian businesses are underinsured. The consequences of this can leave your business exposed to huge financial and legal risk. With that in mind, it’s never been more important to work out the insurance requirements for your business.
Every business is different and has different insurance needs. We’ve researched insurance for different industries, so you can find out what cover options are popular in the construction industry.
94% of construction companies with CGU use Product and public liability insurance to protect themselves, their business and projects against a range of legal liabilities, including personal injury and property damage.
84% of construction businesses use business vehicle insurance to cover damage or loss relating to their work transport.
75% of our construction customers have general property insurance, protecting them from damage or loss.
71% of construction businesses with CGU use this cover to insure their premises from damage to buildings, contents and stock caused by fire & perils and accidental damage.
73% of our construction clients enjoy CGU’s expertise in workers compensation, from managing claims and getting your staff back on their feet.
While this is what most construction customers insure, your needs may be different. Want to learn more? Speak with a business insurance specialist or call us on 13 24 81.