Annual Contract Works.
Master Policy Protection.
Designed for professional builders and developers. Cover every project you start within the policy period automatically. Eliminate job-by-job admin and secure your margin.
Recognition
Access to Australia's leading construction insurers and underwriting agencies, including.
ACTIVE POLICY
What is Annual Contract Works Insurance?
The Master Policy
An Annual Contract Works policy covers a construction company for all contracts undertaken within the insurance period (typically 12 months).
Instead of declaring each individual address to the insurer, the policy is based on your estimated annual turnover and the maximum value of any single contract.
Key Features
Automatic Coverage
Every new build, renovation, or fit-out is automatically insured from the moment you break ground.
Turnover Basis
Premiums are calculated on your gross revenue, allowing for cash-flow friendly adjustments at year-end.
Seamless Extensions
Often includes Public Liability in the same package, creating a complete protection solution.
Who is this policy for?
You do not need to be a Tier 1 builder to benefit from this structure. We work with businesses of all sizes to reduce their admin burden.
Residential Builders
Whether you build 3 homes a year or 300.
Commercial Companies
Managing fit-outs, refurbishments, or new commercial builds.
Civil Contractors
Where individual job notifications are impractical.
Multi-State Builders
Companies operating across borders who need a single policy.
The Tank Insurance Difference
In-House Claims Advocacy
When a site is damaged by fire, storm, or theft, you don't have time to sit in a call queue with a generic insurer. At Tank Insurance, we manage claims in-house. We don't just lodge the paperwork; we advocate for you.
Direct Contact
You report the incident to us, not a call centre. We collect all the details upfront.
Strategy
We review your policy and the damage to position the claim correctly from day one.
Insurer Negotiation
We deal with the underwriting agency or insurer directly to push the claim through.
Settlement
We fight to get you paid quickly so you can get back to building.
PRICING STRUCTURE
How 'Turnover Basis' Premiums Work
One of the most common questions we get is: "How do I pay for insurance if I don't know exactly how many jobs I'll win this year?"
The Deposit Premium
At the start of the policy period, we work with you to estimate your Projected Annual Turnover for the upcoming 12 months. The insurer charges a "Deposit Premium" based on this estimate.
The Year-End Adjustment
At the end of the policy period, you declare your Actual Turnover.
- ■ If you did more work: You pay an additional premium on the difference.
- ■ If you did less work: Many insurers offer a partial refund.
AUSTRALIA-WIDE PROTECTION
National & Multi-State Coverage
Construction licensing and insurance requirements vary between states (e.g., HBCF in NSW vs QBCC in Queensland). We obtain policies that travel with you.
Geographic Flexibility
We can cover projects across all Australian states and territories under one policy.
Simple Declarations
We simply need to understand your turnover breakdown by state to ensure the insurer applies the correct state taxes and levies.
National Coverage Map
One Policy. All States.
Frequently Asked Questions
Ready to simplify your insurance?
Get a comprehensive quote for Annual Contract Works coverage today and eliminate the job-by-job paperwork.