We handle both building and civil projects throughout the world.
Annual Floaters
Miller & Associates can arrange automatic floater covers for all your normal work up to agreed limits with underwriters both in Australia and/or overseas.
For contracts with larger limits, or work outside your normal scope, separate coverage can be arranged.
Coverage applies to temporary and permanent works; materials; plant and machinery; faulty design; faulty workmanship and during normal maintenance periods.
Normally, coverage is also extended to Public Liability arising out of the work. Coverage for completed operations can be obtained.
Specific Project Placements
For larger projects, Miller & Associates recommends that Project Specific coverage is obtained in the joint names of all parties and all sub contractors. In this way, comprehensive coverage can be obtained in the name of all relevant parties, on a project specific basis, and with a consistent wording and claims management procedure.
Delayed Start Up Advanced Loss Of Profits
The contract conditions of some major projects and the necessary finance sometimes require that Advanced Loss of Profits coverage be effected.
The concern is that if the project is significantly delayed by some sort of construction accident, the income stream will not commence when expected, affecting the owners anticipated earnings and their ability to meet the finance charges.
Miller & Associates can design a suitable insurance programme to satisfy the contractual requirements, together with the concerns of both owner and financiers.
Home Warranty And Bonding Requirements
In most states, Home Owners Warranty insurance is required for all domestic work, other than High Storey work, and is difficult to arrange in a timely fashion on an individual project basis.
Miller & Associates arranges automatic facilities for most of our building clients with a Home Owners Warranty insurer in order to streamline the process and enable estimators to include a known cost in their tenders.
In addition, Miller & Associates offers an automatic scheme for performance bonds.
Assistance With Tenders And Contract Vetting
Miller & Associates understands the need of its construction clients for assistance when they are working on tenders. We offer assistance in a knowledgeable, comprehensive and speedy fashion.
In particular, Miller & Associates will:| • | Review tender conditions and alert clients to any potential risk and/or insurance issue. |
| • | Provide indications of insurance costings, obtaining stand alone indications when advisable. |
| • | Provide certificates of currency or other required documentation. |