Insurance policies

Construction projects valued $10 million and over

For all NSW Government capital works projects with an estimated total cost of $10 million or more, all agencies, other than state owned corporations, are required to undertake Principal Arranged Insurance (PAI) through icare. State owned corporations must demonstrate that they can acquire PAI at a price more competitive than the price offered by icare.

Construction projects valued under $10 million

Agencies, including state owned corporations, are able to decide whether or not to insure for projects under $10 million. However if they decide to insure projects under $10 million, PAI must be organised through icare.

Please see Treasury Circular 16/11 for more information.

Current insurance policies for construction projects

icare contact details

Insurance policies for construction projects valued less than $10 million prior to 2 October 2016

Note: The above policy does not cover wet contracts (any contract that involves work in, under or over any ocean, lake, river or other watercourse).

Willis Australia Ltd contact details

Paul Roworth on roworthp@willis.com or 02 9285 4014