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Insurance Clauses in Construction Contracts


Our latest construction Insights paper discusses the basics of insurance and what it covers, how insurance responsibilities affect the parties’ risks and the potential cost of a project, and issues arising from the general conditions and how they are sometimes amended.

The paper uses the 2013 NZS suite (3910, 3916, and 3917) as the standard construction contracts, although the principles also apply to other standards such as NZS3915, the NZIA standard conditions of contract, FIDIC, NEC, and other international standards.  The 2013 NZS suite was chosen as it accounts for approximately 2/3 of the contracts that Marsh reviews for our clients.

The three sections of the paper discuss

  • The basics of insurance (what an insurance policy is, what types of events a policy responds to, and what sorts of exclusions policies will typically have.
  • An overview of policies that are not referred to in standard construction contracts, but may need to be considered on a project by project basis. 
  • A review of issues to consider relating to the insurance clauses of standard construction contracts. 

For more information, please contact your client executive or the Marsh Construction team.