MECON’s Annual Projects policy combines both Material Damage and Public Liability.

We offer the flexibility of policies which can operate on a

  • turnover (transfer)

  • run-off (contracts commencing) or

  • individual declaration (pay as you go)

  • difference in conditions

We insure simple or complex projects whether they are owner-builder, residential, commercial, civil or mechanical.


Key features:

  • No average
  • Tools and Equipment are “new for old” if less than two years old
  • Contractors and subcontractors insured where required by contract
  • Defective Design, Workmanship and Material (DE4)
  • Marine Transit

The policy automatically includes:

  • Advertising Liability
  • Contractual Liability
  • Off-site storage and transit (to the full sum insured)
  • Subrogation waiver for all insureds
  • Vibration weakening or the removal of support
  • $20,000 claim preparation costs under Section 2 – Liability
  • 96 hours event clause

The policy can also be extended to include:

  • Contractors plant, tools and equipment
  • Cover advantage extension
  • Defective workmanship
  • Display homes
  • Employers liability
  • Exemplary damages
  • Existing structures
  • Forest and Rural Fires extension
  • Hired in plant
  • Licensed building practitioners
  • Liquidated damages (for residential builders)
  • Partial occupancy
  • Professional indemnity
  • Statutory Liability
  • Testing and commissioning