Is your contract works sum insured keeping up with your projects? Rebuild costs, escalation, demolition, professional fees and margin all affect what a policy may need to respond to. This free calculator gives you a general indication of whether your current sum insured may be adequate for the projects you take on.
Contract Works Sum Insured Calculator
How it works
- Enter your typical project value and a few details about how you build.
- The calculator applies common industry allowances — escalation, removal of debris, professional fees — to indicate a sum insured range.
- A Silverback broker reviews the result and contacts you within one business day.
Why it matters
Underinsurance is one of the most common issues we see on contract works claims. If the sum insured has not moved while build costs have, a policy may not fully respond when it matters most. A five-minute sense-check now can avoid a shortfall at claim time — and your circumstances always determine the right figure, so treat the result as a starting point for a conversation.
This tool provides general information only. It has been prepared without taking into account your objectives, financial situation or needs. Results are indicative and do not constitute personal financial or insurance advice — always speak to a Silverback broker before making decisions about your cover. Silverback Insurance Pty Ltd (ABN 74 643 561 746) is a Corporate Authorised Representative (No. 1283436) of Australian Broker Network Pty Ltd (AFSL 253131).
Prefer to talk it through?
A Silverback broker can review your contract and arrange cover that fits. Call 0410 152 835, request a quick quote, or learn more about Contract Works & Public Liability insurance.