The impact of high-rise construction in Australia

Marsh explores the key risks surrounding high-rise construction in Australia and how to avoid costly losses and delays through an appropriate risk management and insurance strategy.

Construction high rise buildings
Skylines have undergone a rapid evolution in Australia in recent years. During this period, trends affecting high-rise construction have changed as dramatically as the landscape itself.

Marsh has set out to identify the key risks surrounding the construction of high-rise buildings in urban areas and how costly losses and delays might be avoided.

This report covers key areas including:

  • How factors such as the COVID-19 pandemic, ESG and cyber risks are impacting owners’ and developers’ plans
  • How a tightening construction insurance market has made placements more challenging, particularly for complex projects and those involving extensive fit-out works to existing buildings
  • An analysis of the Australian high-rise buildings pipeline
  • A review of specific risks to high-rise buildings, including escaping water and fire risks, terrorism, rail, proximity to third parties, environmental liability and delay

Sky-high risk: The impact of high-rise construction in Australia

This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy.  Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein.

LCPA 22/075

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”