With extensive experience and a strong market presence, Lockton’s dedicated construction specialists across Australia provide expert insurance and risk management advice tailored to your business needs.

— PRODUCTS AND SERVICES

Construction and Engineering Specialists

Insurance solutions for all stages of project delivery

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Insurance that delivers when you need it most

Our breadth and depth of experience, market presence and dedicated construction specialists located across Australia ensure that we deliver the insurance, risk management advice and support that your business needs. We have a detailed, local understanding of the issues you face and access to an extensive network of the world’s specialist insurers.

We are committed to providing exceptional standards of service through innovative insurance and risk management solutions. This will assist you in achieving your business goals, whether that be reducing or controlling claims costs and financing risks - enabling you to deliver your projects on time and to budget.

Project owners, developers, architects and engineers, contractors and trade specialists at every level depend on our team’s expansive construction risk expertise. Our approach to risk extends beyond buying insurance and the efficacy of our client partner’s approach to risk, including management controls and risk financing strategy, is a key component of the risk transfer process.

Our Products

  • Contract works 

  • Third party liability 

  • Delay in start-up

  • Surety 

  • Cyber 

  • Parametric products (non-damage business interruption)

  • Statutory liability

  • Builders warranty

  • Marine cargo and transit 

  • Contractor's plant 

  • Contractor’s pollution and environmental legal liability

  • Professional indemnity both annual and project specific

  • Employee benefits

  • Latent defects 

  • Bespoke coverage/program design

  • Trade credit 

The depth and knowledge of all of the Lockton team globally is a breath of fresh air … the review of our policies has been second to none.
Aveng, international engineering contractor

Secure your site with a bespoke wrap-up program

Whether it’s a commercial, residential or engineering project, it is important to protect against potential loss of revenue should a contractor or subcontractor incident occur. Lockton's Controlled Insurance Programs or Wrap-Up, is tailored to your complex needs and specific project requirements. Integrating loss control, claims management and risk management under a Controlled Insurance Program, all enrolled contractors and/or subcontractors at the project site receive adequate and consistent coverage aligned to contract requirements.

Our Services

We operate in the following key areas:

  • Onshore power and energy

  • Oil, gas and petrochemicals

  • Mining

  • Commercial and residential building

  • Civil engineering

Our services include:

  • Claims advocacy

  • In-depth contract review and advice

  • Negotiation with lenders and legal (due diligence)

  • Risk control services and consulting

  • Analytics 

  • Program design (annual, project specific, and difference in conditions)

We pride ourselves on our ability to optimise your risk profile for effective presentation to the insurance market, and as a result being able to deliver innovative solutions offering the broadest protection while reducing your costs.

Construction Brochure

Wherever you are in the construction journey – from project conception to completion - it is important to be risk-aware.

Lockton Construction Brochure
PDF3262 KB

Key Contacts

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Peter Jeeves

National Manager, Construction & State Manager, Queensland
peter.jeeves@lockton.com
+61 419 945 075

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Michael Martin

Manager, Construction
michael.martin@lockton.com
+61 419 424 270

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Ross Corvaia

Client Director, Construction & Corporate
ross.corvaia@lockton.com
+61 401 361 557

General Inquiries

Get in touch

info.au@lockton.com

Questions? We'll guide you in the right direction.

Ask us about our products, services or anything else on your mind. Our insurance and risk specialists are here to help.

Talk to our team

Construction and Engineering FAQs

What are the key types of construction insurance available?

Several types of construction insurance protect builders, contractors, developers, and other stakeholders from various risks. Contract Works Insurance, or Construction All Risk Insurance, covers damage or loss to a construction project, including materials on-site, due to events like fire, storm, vandalism, and theft. Public Liability Insurance protects businesses from legal liability if their activities cause injury to third parties or damage to property. It’s essential for contractors, subcontractors, and developers. Professional Indemnity Insurance covers claims arising from design errors, project management mistakes, or professional negligence, typically for architects, engineers, and consultants involved in construction projects. Workers’ Compensation Insurance is legally required to cover employees for work-related injuries and illnesses, providing compensation for medical expenses, lost wages, and rehabilitation. Plant & Equipment Insurance covers machinery, tools, and equipment against damage, theft, and breakdown. Finally, Builders Warranty Insurance, or Home Warranty Insurance, is mandatory in most Australian states for residential builders and protects homeowners if a builder fails to complete a project or rectify defects due to insolvency, death, or disappearance.

Construction insurance protects businesses from financial losses due to accidents, property damage, worker injuries, and project delays. It helps contractors, builders, and property owners manage risks, comply with legal requirements, and ensure business continuity. Without proper coverage, unexpected incidents can lead to costly disruptions and legal liabilities.

Construction insurance is essential for contractors, builders, subcontractors, property developers, and project owners. Anyone involved in a construction project can benefit from protection against financial losses due to accidents, damage, or legal claims.

Construction projects often involve substantial financial investments and unexpected risks, such as accidents, weather events, or equipment failure. Having the right insurance helps mitigate these financial risks by covering repair or replacement costs, legal fees, and even compensation claims. This allows contractors and developers to focus on completing projects without worrying about unexpected financial setbacks.

If damage occurs before the construction project is finished, the right insurance, such as Contract Works Insurance, will cover the cost of repairs or reconstruction. This ensures that project timelines and budgets are not derailed by accidents, weather damage, or other unforeseen incidents, allowing contractors and developers to continue their work without significant delays or financial strain.

Latest from Lockton

Rising Professional Indemnity (PI) claims highlight a pressing vulnerability: poor due diligence during vendor onboarding. Without consistent oversight, this gap continues to expose businesses to significant risk. This can also be exacerbated by lack of ongoing reviews. Risk is now front and centre in a world defined by global volatility, complex supply chains, stringent regulations, and the growing impact of US tariffs on Australian businesses. This one PI insight presents business leaders with a clear opportunity to control and mitigate their risk. Poor due diligence can increase your organisation's potential PI exposure, the consequences of which can be costly. From reputational damage, financial and operational costs, and even legal expenses. Sign here, sue later: the risks of rushed onboarding

Sign here, sue later: the risks of rushed onboarding

article
An emerging pattern Rising Professional Indemnity (PI) claims highlight a pressing vulnerability: poor due diligence during vendor onboarding. Without consistent oversight, this gap continues to expose businesses to significant risk. This can also be exacerba ...
Read moreSign here, sue later: the risks of rushed onboarding

Cyber-physical risk in the marine sector: a wake-up call from the MSC Antonia

The recent grounding of the MSC Antonia near the Eliza Shoals off Jeddah on 10 May 2025 has brought into sharp focus the real-world consequences of cyber-physical attacks in the maritime sector – and particularly within the MENA region. Analysis by respected maritime intelligence firms such as Pole Star Global and Windward indicate that the vessel's navigational systems were likely compromised by GPS jamming, leading to incorrect positioning data and ultimately to the grounding incident. This event underscores the growing cyber threat to vessel movement in the region – one with potential outcomes including groundings, collisions, and environmental harm. For MENA, where critical trade routes such as the Strait of Hormuz and the Suez Canal are lifelines of global commerce, the implications are particularly serious. Regional security dynamics, increased reliance on digital systems, and proximity to cyber-capable nation-state actors elevate both the frequency and severity of these risks. Despite this, in our work with marine clients across the Middle East and North Africa, we continue to observe a significant disconnect between emerging cyber threats and existing risk transfer arrangements. That gap must close before the next incident occurs. The recent grounding of the MSC Antonia near the Eliza Shoals off Jeddah on 10 May 2025 has brought into sharp focus the real-world consequences of cyber-physical attacks in the maritime sector – and particularly within the MENA region. Analysis by respected maritime intelligence firms such as Pole Star Global and Windward indicate that the vessel's navigational systems were likely compromised by GPS jamming, leading to incorrect positioning data and ultimately to the grounding incident. This event underscores the growing cyber threat to vessel movement in the region – one with potential outcomes including groundings, collisions, and environmental harm. For MENA, where critical trade routes such as the Strait of Hormuz and the Suez Canal are lifelines of global commerce, the implications are particularly serious. Regional security dynamics, increased reliance on digital systems, and proximity to cyber-capable nation-state actors elevate both the frequency and severity of these risks. Despite this, in our work with marine clients across the Middle East and North Africa, we continue to observe a significant disconnect between emerging cyber threats and existing risk transfer arrangements. That gap must close before the next incident occurs.

Balance Sheet Protection: Specialised D&O Insurance Solutions

Directors & Officers (D&O) insurance should not be treated as a routine procurement exercise. As a non-prescribed class of insurance, D&O policies are not subject to minimum coverage standards. In today’s soft insurance market, this means insurers can significantly dilute policy terms to maintain premium competitiveness, potentially leaving critical gaps in protection.Directors & Officers (D&O) insurance should not be treated as a routine procurement exercise. As a non-prescribed class of insurance, D&O policies are not subject to minimum coverage standards. In today’s soft insurance market, this means insurers can significantly dilute policy terms to maintain premium competitiveness, potentially leaving critical gaps in protection.

Ensuring the right cargo cover amid tariff uncertainty

The recent US import tariff changes have created significant trade disruption in the cargo market: goods were expedited prior to expected tariff increases, or after the announcement, diverted to other destinations, or held in storage awaiting improved tariff conditions.The recent US import tariff changes have created significant trade disruption in the cargo market: goods were expedited prior to expected tariff increases, or after the announcement, diverted to other destinations, or held in storage awaiting improved tariff conditions.
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