Such Contract Works Insurance must:

• be for the full insurable value of the work under the Contract; and

• extend until 4pm on the Date of Practical Completion.

Such Public Liability Insurance must:

• cover the liabilities of the Contractor and the Owner to third parties in respect of personal injury, death or damage to property arising out of or in connection with the work under the Contract; and
• provide cover in an amount of ten million dollars ($10,000,000) for any one occurrence.

As another additional and exclusive benefit for Consumers who contract with SPASA members in Queensland, SPASA in conjunction with Commercial and General Insurance Brokers Pty Ltd has arranged with QBE MERCANTILE MUTUAL for WaterWorks "Contract Work" and "Public Liability" Insurances for Customers of SPASA Member Contractors in Queensland.

In summary, the benefits of WaterWorks Insurance for you are:

WaterWorks Insurance will insure both you (as the Resident Owner) and your SPASA Member Contractor for your respective rights and interests in the full insurable value of the work required under your Contract, at the construction site, from the Commencement Date “on site” to 4pm on the Day of Practical Completion & Handover.

It covers the Public Liability of both you (the Resident Owner) and the SPASA Member Contractor to third parties in respect of personal injury, death or damage to property arising out of or in connection with the work being done under your SPASA Recommended Contract.

Simply said, this means that if any materials or equipment required for work are stolen or damaged on your site, or if any person is injured or killed on your site (as a result of, and during the course of Construction) both you (as the Resident Owner) and your SPASA Member Contractor are protected.

FAQ about WaterWorks Insurance ...