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
- View or download the icare Material damage contract work insurance policy from 2 October 2016 (PDF,515KB)
- View or download the icare Third party liability insurance policy from 2 October 2016 (PDF,463KB)