Policy Key Facts

What's covered:

If your main contractor becomes insolvent we will pay 75% of the money owed to you, up to a maximum of $100,000 per year.

	Option One	Option Two	Option Three
Limit Per Year	$25,000	$50,000	$100,000
Franchise*	$2,500	$2,500	$2,500

*A franchise means that claims for amounts below the franchise limit will not be accepted. However, for claims above the franchise limit no excess is payable.

What's not covered:

Contracts already in place prior to the policy being taken out.
Defaults occurring within the first thirty days of the policy starting.

Other things you should know:

A franchise exists for each claim. This means that claims for amounts below the franchise limit will not be accepted. However, for claims above the franchise limit no excess is payable.
You will need to have a written contract with the main contractor.

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Note: This is meant as a summary of the most important items of the policy. For a complete understanding of what it covers you should always read the full policy wording.

Guarantees and insurance for the building industry

Policy Key Facts

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