Multi-Year Construction Risks
Vero Liability offers multi-year liability insurance programmes to a range of single projects governed by Alliance agreements, Public Private Partnership agreements and traditional Principal and Head Contractor agreements.
Multi-year Single Project Professional Indemnity Insurance and Public Liability Insurance respond to civil claims for financial loss and compensatory claims for personal injury and property damage arising out of the design and build of the insured project. The contractual obligations in relation to the insurance and liability limitation provisions governing the project often require the period of insurance to extend multiple years. The insurance covers liability to the claimant and the costs of defending the claim.
Who Needs It?
- Public Private Partnerships
- Principals and Head Contractors
Obtaining A Quote
Vero Liability products are available through insurance brokers and advisers. An insurance broker provides independent, professional and specialist advice to help make sure you have the right protection. If you don’t already have one, you can find a broker on the Insurance Brokers Association of New Zealand (IBANZ) website by clicking on the button below.