INDUSTRY EXPERTS IN CONSTRUCTION

M E CO N L I N E

MECONLINE has been developed to allow Brokers the ability to create quotations whenever required, for Single Construction and Annual Construction.

MECONLINE

Brokers can include a fee when creating a quotation, so documentation from our system can be presented directly to the client. MECONLINE allows Brokers to generate policy documentation, including a pre-populated proposal form, certificate of currency and policy schedule.

MECONLINE also provides a flexible range of excess levels (and therefore premiums) to select from, for Single Construction and Annual Construction products.

The standard authority limit provided for Brokers is designed to cater for SME risks. Any risk which falls outside automatic acceptance is immediately referred to one of our underwriters who will review the quote request and respond to you within 24 hours.

SINGLE AND ANNUAL CONSTRUCTION

MECONLINE provides Brokers with the ability to obtain instant quotes for Single and Annual Projects covering Material Damage and Liability risks located within New Zealand for new buildings of any description, or alterations, fit-outs, refurbishments (and the insurance of existing buildings). A Broker may enter details for a project of any description (civil works, earthworks, etc.) and the quote will be referred to our underwriters for attention.

Risks located within New Zealand up to individual Broker authority sum insured limits can be insured without referral. If a risk requires referral, the system will advise you and immediately refer it to one of our underwriters.

MECON – INDUSTRY EXPERTS IN CONSTRUCTION

Our experienced service team has been working with Insurance Brokers since MECON launched nearly 13 years ago. By understanding your business needs, we have built a product portfolio and support service that specialises in:

• Single Construction• Annual Construction• Contractual Liability

MECON – A DEDICATED BROKER SERVICE

Our team has been formed to provide a support service across the following areas of expertise:

• Plain English policies – ours are clearly written, transparent and therefore easy to understand.

• Competitively priced – ensuring clients receive the right cover at the right price.

• Product education and technical advice – assisting you to tailor the appropriate insurance cover for your client needs.

• In-house, end-to-end claims service – an experienced and efficient claims team that sees every claim through every step from start to finish.

• New Zealand and abroad - providing insurance for risks throughout New Zealand as well as overseas operations for New Zealand domiciled clients.

• Industry recognition – MECON is a member of the Underwriting Agencies Council (UAC).

SPEAK TO US TODAY

AUCKLAND:

PO BOX 180 Shortland Street AUCKLAND 1140 0800 632 666 customerservice@mecon.co.nz

WITH OFFICES ALSO LOCATED IN AUSTRALIA

BRISBANE:

Suite 21, Level 3, 50-56 Sanders Street Upper Mt Gravatt 4122 07 3146 0100

SYDNEY:

Level 5, 50 Margaret Street Sydney 2000 02 9252 1040

MELBOURNE:

Ground Floor, 236a Lennox St Richmond VIC 3121 03 9421 6379

PERTH:

Office 5/996 Hay St Perth WA 6004 08 9322 4529

MECON Insurance Ltd’s products are insured by AIG Insurance New Zealand Limited (AIG), Company number 3195589,

Level 19, The AIG Building, 41 Shortland Street, Auckland 1010.

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc.

American International Group, Inc. (AIG) is a leading insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

ABOUT US

ABOUT US

OUR INSURER

www.mecon.co.nz

CONSTRUCTION - SINGLE

MECON’s Single Project construction policy combines both Material Damage and Liability together in two sections. We can insure simple or complex projects whether they are owner-builder, residential, commercial, civil or mechanical.

CONSTRUCTION - SINGLE

THE POLICY CONTAINS AN AUTOMATIC LIMIT FOR:

• Expediting costs • Mitigation costs • Professional fees• Removal of debris• Variations and escalation

THE POLICY AUTOMATICALLY INCLUDES:

• Care, custody or control (including Vehicles and mobile plant up to $30,000)

• Claim preparation costs (Section 2)• Contractual liability• Liability for occupation of temporary premises• Off-site storage and transit (to the full

sum insured)• Resultant damage from faulty design,

workmanship and material (DE4)• Vibration weakening or the removal

of support• Waiver of subrogation rights for all insureds• 90 days cover post practical completion

OUR POLICIES CAN ALSO BE EXTENDED TO INCLUDE:

• Accidental asbestos exposure • Contract of sale extension• Consequential loss• Contractors plant and equipment including

hired-in plant (24 Months “new for old” cover)• Cover Advantage• Defective Workmanship• Difference in conditions• Display homes• Exemplary damages• Existing structures• Financiers interests• Forest and Rural Fires Act • Liability for occupation of temporary premises• Liquidated damages (residential builders only)• Licensed Building Practitioners• Owner’s contents• Overseas risks (supporting business domiciled

in Australia)• Partially completed projects• Principal Supplied Material• Professional Indemnity• Property in care custody or control• Testing and commissioning

CONSTRUCTION - SINGLE CONSTRUCTION - ANNUAL

MECON’s Annual Project construction policies combine both Material Damage and Liability together in two sections. We can insure simple or complex projects whether they are owner-builder, residential, commercial, civil or mechanical.

CONSTRUCTION - ANNUAL

WE OFFER THE FLEXIBILITY OF POLICIES WHICH OPERATE ON:

• a turnover (transfer)• individual declaration (pay as you go) • run-off (contracts commencing)

THE POLICY CONTAINS AN AUTOMATIC LIMIT FOR:

• Expediting costs• Mitigation costs • Professional fees• Removal of debris• Variations and escalation

THE POLICY AUTOMATICALLY INCLUDES:

• Care, custody or control (including Vehicles and mobile plant up to $30,000)

• Claim preparation costs (Section 2)• Contractual liability• Liability for occupation of permanent and

temporary premises• Off-site storage and transit (to the full sum

insured)• Products Liability (including cover for previously

completed projects)• Resultant damage from faulty design,

workmanship and material (DE4)• Vibration weakening or the removal of support• Waiver of subrogation rights • 90 days cover post practical completion

OUR POLICIES CAN ALSO BE EXTENDED TO INCLUDE:

• Accidental asbestos exposure • Contract of sale extension• Consequential loss• Contractors plant and equipment including

hired-in plant (24 Months “new for old” cover)• Cover Advantage• Defective Workmanship• Difference in conditions• Display homes• Employers Liability• Exemplary Damages• Existing structures• Forest and Rural Fires Act • Financiers interests• Licensed Building Practitioners• Liquidated damages (residential builders only)• Overseas risks (supporting business domiciled

in New Zealand)• Partially completed projects• Principal Supplied Material• Professional indemnity• Property in care custody or control• Statutory Liability• Testing and commissioning

CONSTRUCTION - ANNUAL CONTRACTUAL LIABILITY

MECON’s Contractual Liability policy covers contractual liability for injury or damage in any contract entered in to for a given single project, or in the case of annual cover, all contracts entered into during the policy year. The policy can cover contracts relative to construction or supply or manufacture and also other services.

CONTRACTUAL LIABILITY

THE POLICY CONTAINS AN AUTOMATIC LIMIT FOR:

• Bailment/hire agreement obligations • Contractual dispute costs (including a sublimit

for disputes not related to injury or damage)• Legal and other costs incurred in connection

with Contractual Liability• Mitigation costs • Personal Injury to employees when a client has

a contractual obligation to meet these costs on behalf of another

• Shortfall in the insurance policies required under contract – including a sublimit for difference in excess

• The policy contains a hold harmless clause and covers a client’s Contractual Liability to others arising from the actions of its contractors and subcontractors

• Underground services damage

THIS POLICY CAN ALSO BE ENDORSED TO INCLUDE:

• Contractors and subcontractors• Single (or individual) contracts.

Note that annual cover is standard.• Products Liability

mecon.co.nz

AUCKLAND

PO BOX 180 Shortland Street AUCKLAND 1140

0800 632 666

WITH OFFICES ALSO LOCATED IN AUSTRALIA

BRISBANE

Suite 21, Level 3, 50-56 Sanders Street Upper Mt Gravatt 4122

07 3146 0100

SYDNEY

Level 5, 50 Margaret Street Sydney 2000 02 9252 1040

MELBOURNE

Ground Floor, 236a Lennox St Richmond VIC 3121

03 9421 6379

PERTH

Office 5/996 Hay St Perth WA 6004 08 9322 4529

This brochure is only intended for the information of insurance brokers and not for wider distribution