--- title: "Cost blowouts & contract traps: Keeping construction projects insurable" description: "Construction insurance experts discuss cost blowouts, delays and contract gaps and how brokers can keep projects insurable as values and timelines escalate" type: blog version: 1 version_id: "70df5388-52b7-4f73-a401-4a13ebdcff4d" generated_at: "2026-05-21T05:14:40.903Z" author: "Kim Beavis" date_published: "2026-01-12T03:25:54.000Z" date_modified: "2026-01-12T03:25:54.038Z" language: en reading_time: "3 min" word_count: 403 keywords: ["Cost blowouts & contract traps", "Keeping construction projects insurable"] url: "https://hutchunderwriting.com.au/blog/cost-blowouts-contract-traps-keeping-construction-projects-insurable" --- # Cost blowouts & contract traps: Keeping construction projects insurable > Construction insurance experts discuss cost blowouts, delays and contract gaps and how brokers can keep projects insurable as values and timelines escalate # Cost blowouts & contract traps: Keeping construction projects insurable [Kim Beavis](https://hutchunderwriting.com.au/blog/author/kim-beavis) : 12/01/2026 2:25:54 PM [Construction](https://hutchunderwriting.com.au/blog/tag/construction) [Trades](https://hutchunderwriting.com.au/blog/tag/trades) [Broker Resources](https://hutchunderwriting.com.au/blog/tag/broker-resources) Listen Now: Video Description 0:42 Insurance Business TV’s fourth and final construction insurance panel of 2025 examines how brokers can navigate cost blowouts, delays and hidden contract traps as project values and timelines escalate. Hutch Underwriting’s Chief Underwriting Officer [Dominique Vagi](/dominique-vagi) joins Austin Rosier of OmniSure and Peter Jeeves of Lockton to unpack common gaps between head contract assumptions and what contract works and liability policies actually cover, the risks around liquidated damages, betterment and long project overruns, and practical tactics for scanning contracts quickly, monitoring sums insured and periods, and keeping complex projects bankable and insurable.             - [](https://hutchunderwriting.com.au/blog/hutch-underwriting-preparing-to-launch-tradie-cover) 1 min read #### [Hutch Underwriting Preparing to Launch Tradie Cover](https://hutchunderwriting.com.au/blog/hutch-underwriting-preparing-to-launch-tradie-cover) [Kim Beavis](https://hutchunderwriting.com.au/blog/author/kim-beavis) : 17/08/2023 3:58:00 PM Source: InsuranceNews. Published August 17, 2023 Hutch Underwriting will launch a Trade Pack in the next few months as the business continues to grow... [Announcements](https://hutchunderwriting.com.au/blog/tag/announcements) [Construction](https://hutchunderwriting.com.au/blog/tag/construction) [Trades](https://hutchunderwriting.com.au/blog/tag/trades) [Read More](https://hutchunderwriting.com.au/blog/hutch-underwriting-preparing-to-launch-tradie-cover) [](https://hutchunderwriting.com.au/blog/construction-and-strata-insurance-challenges) 1 min read #### [Construction and strata insurance challenges](https://hutchunderwriting.com.au/blog/construction-and-strata-insurance-challenges) [Robin Johnson](https://hutchunderwriting.com.au/blog/author/robin-johnson) : 20/06/2023 4:47:00 PM Source: IB Talk hosted by: Daniel Wood, Editor, Insurance Business Australia. Published June 16, 2023 [Podcast](https://hutchunderwriting.com.au/blog/tag/podcast) [Construction](https://hutchunderwriting.com.au/blog/tag/construction) [Read More](https://hutchunderwriting.com.au/blog/construction-and-strata-insurance-challenges) [](https://hutchunderwriting.com.au/blog/government-backed-public-liability-for-construction) 1 min read #### [Government Backed Public Liability for Construction?](https://hutchunderwriting.com.au/blog/government-backed-public-liability-for-construction) [Robin Johnson](https://hutchunderwriting.com.au/blog/author/robin-johnson) : 19/06/2023 2:54:00 PM Source: Daniel Wood, Editor, Insurance Business Australia. Published June 16, 2023 “I don’t think nationalising my industry would be in my interests” [Construction](https://hutchunderwriting.com.au/blog/tag/construction) [Think Piece](https://hutchunderwriting.com.au/blog/tag/think-piece) [Media](https://hutchunderwriting.com.au/blog/tag/media) [Read More](https://hutchunderwriting.com.au/blog/government-backed-public-liability-for-construction) --- ## About This Content **Source:** [Cost blowouts & contract traps: Keeping construction projects insurable](https://hutchunderwriting.com.au/blog/cost-blowouts-contract-traps-keeping-construction-projects-insurable) **Author:** Kim Beavis **Published:** January 12, 2026 *This content is provided for informational purposes. Please visit the original source for the most up-to-date information.*