Contract works insurance

Insurance cover designed for both homeowners and builders. It helps protect your building projects, including new builds, one-off projects, and renovations.

Protection for building projects

Whether you’re building your dream home or managing construction projects for your business, Contract Works insurance helps protect your building project from unexpected events.

Contract Works is quick to arrange with the insurer we partner with, IAG.^ It’s also easy to understand. You don’t need to fill in any paperwork to apply. Contact IAG and they’ll get you set up over the phone.

Business

Builders, contractors, or business owners managing construction projects. This includes commercial fit-outs, office and retail refurbishments, and large-scale developments for businesses.

Understanding the policy cover

Contract Works Insurance covers accidental loss or damage to your project, during the construction period, as covered by the policy. Below is a guide to what cover is available, please visit iag.co.nz for full details of the cover provided.

What’s covered

  • Materials, tools, and equipment on-site.
  • Structures under construction or renovation.
  • Temporary buildings and site facilities.
  • Damage from fire, theft, storm, or vandalism.

What’s not covered

  • Normal wear and tear.
  • Defective workmanship or design.
  • Loss or damage before construction starts or after completion.
  • Pre-existing property damage.

Project examples

  • New home builds.
  • Residential renovations.
  • Better Future home loan top-up upgrades (solar panels, insulation, etc.).
  • Commercial fit-outs.
  • Office and retail refurbishments.
  • Large-scale developments for businesses.

Flexible policy options to suit you

Single project cover

Designed for one-off builds or renovations. Tailor coverage for your project’s duration, with the option to extend the policy period if the project ends up taking longer than expected.

Annual cover

Designed for businesses or frequent builders. It can cover multiple projects throughout the year.

Flexible dates

The start and end dates are flexible, you choose what suits your project timeline. You can also adjust this when needed.

Partnering with IAG New Zealand

We partner with IAG, New Zealand’s largest general insurer, to provide business insurance. As the insurer, IAG provides support, manages your policies, and looks after any claims.

Get in touch

You can request a call back from an insurance specialist at IAG, or call them direct.

Request a call back

  1. Log in to the BNZ app or Internet Banking.
  2. From the menu, select Apply now.
  3. Select Insurances.
  4. Select Request a call back.
  5. Select Business Insurance.
  6. Choose a time and day for a call back from an insurance specialist at IAG.

Enquire about business insurance

For business insurance enquiries and quotes, call IAG on 0800 007 751

Make a claim

To make a claim, call the IAG claims team on 0800 248 888, Mon-Fri, 8am-6pm.