Recently voted as the preferred wording by Brokers for Annual Projects at the latest Brokers on Underwriting Agencies Survey 2016.

MECON’s Annual Projects policy combines both Material Damage and Public Liability. We offer the flexibility of policies which can operate on a:

  • turnover (transfer)

  • run-off (contracts commencing) or

  • individual declaration (pay as you go)

We insure simple or complex projects whether they are owner-builder, residential, commercial, civil or mechanical.


The policy contains an automatic limit for:

  • Access costs (complementing DE4)
  • Claim Preparation costs
  • Expediting expenses
  • Leak search and locate costs
  • Mitigation costs
  • Plans, documents and data
  • Professional fees
  • Removal of debris
  • Variations and escalation

The policy automatically includes:

  • Care, custody or control (including Vehicles and mobile plant up to $100,000)
  • Contractors, Subcontractors and Principals
  • Contractual Liability
  • Cross Liability
  • Injury/Damage buy-back on Professional Indemnity exclusion
  • Marine 50/50 (concealed damage)
  • Off-site storage and transit (to the full sum insured)
  • Products liability (including cover for previously completed projects)
  • Resultant damage from faulty design, workmanship and materials (DE4)
  • Testing and Commissioning (up to 4 weeks if specified in contract)
  • Undamaged foundations
  • Vibration weakening or the removal of support
  • Waiver of subrogation rights
  • 96 hours event clause

The policy can also be extended to include:

  • Contract of sale extension
  • Contractors Pollution Liability
  • Consequential loss
  • Contractors plant and equipment including hired-in plant (24 months “new for old” cover)
  • Cover advantage
  • Difference in conditions
  • Display homes
  • Earthworks Advantage
  • Errors and Omissions
  • Existing structures
  • Financiers interests
  • Liquidated damages (for residential builders)
  • Overseas risks (supporting business domiciled in Australia)
  • Partially completed projects
  • Property in care custody or control
  • Principal supplied materials