Are contract works covered by the Tasmanian Risk Management Fund?
No, contract works are not insured through the Tasmanian Risk Management Fund. Contract works let by inner-Budget agencies are separately insured through Marsh Pty Ltd. Cover for a contractor under that policy is automatic upon acceptance of each contractor’s tender. The contractor is then responsible for the payment of the premium due under the policy to Marsh Pty Ltd. The contract works policy consists of two components – one component to meet potential property damage claims and another component to meet potential liability claims ie claims made by third parties arising from the works. Contact Marsh Pty Ltd for further information.
