============================================================ TITLE: Cost blowouts & contract traps: Keeping construction projects insurable TYPE: blog VERSION: 1 VERSION_ID: 70df5388-52b7-4f73-a401-4a13ebdcff4d GENERATED_AT: 2026-05-21T05:14:40.903Z SUMMARY: Construction insurance experts discuss cost blowouts, delays and contract gaps and how brokers can keep projects insurable as values and timelines escalate AUTHOR: Kim Beavis DATE PUBLISHED: January 12, 2026 DATE MODIFIED: January 12, 2026 READING TIME: 3 min WORD COUNT: 403 KEYWORDS: Cost blowouts & contract traps, Keeping construction projects insurable SOURCE URL: https://hutchunderwriting.com.au/blog/cost-blowouts-contract-traps-keeping-construction-projects-insurable ============================================================ # Cost blowouts & contract traps: Keeping construction projects insurable Kim Beavis : 12/01/2026 2:25:54 PM Construction Trades Broker Resources Listen Now: Video Description 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 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. 1 min read Hutch Underwriting Preparing to Launch Tradie Cover 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 Construction Trades Read More 1 min read Construction and strata insurance challenges 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 Construction Read More 1 min read Government Backed Public Liability for Construction? 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 Think Piece Media Read More 1 min read #### Hutch Underwriting Preparing to Launch Tradie Cover 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 Construction Trades #### Construction and strata insurance challenges 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 Construction #### Government Backed Public Liability for Construction? 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 Think Piece Media ------------------------------------------------------------ ABOUT THIS CONTENT ------------------------------------------------------------ Source: 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.