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.
Construction and Engineering Specialists
Insurance solutions for all stages of project delivery
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.
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.
Key Contacts
Peter Jeeves
National Manager, Construction & State Manager, Queensland
peter.jeeves@lockton.com
+61 419 945 075
Michael Martin
Manager, Construction
michael.martin@lockton.com
+61 419 424 270
Ross Corvaia
Client Director, Construction & Corporate
ross.corvaia@lockton.com
+61 401 361 557
Get in touch
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 teamConstruction and Engineering FAQs
Why construction insurance is important?
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.
Who needs construction insurance?
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.
How can construction insurance help mitigate financial risks in large projects?
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.
What happens if a construction site is damaged before the project is completed?
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
Understanding Catastrophe Modelling
article
