MECON Enhances Coverage Limits for Australian Construction Projects

Addressing the Growing Demand for Higher Insurance Limits in the Construction Sector

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In a significant development for Australia's construction industry, MECON has announced an increase in its underwriting capacity, now offering coverage up to $120 million for single projects.

This enhancement, effective from March 10, 2026, applies to Section 1 (Material Damage) and includes Section 2 (Public Liability), providing more robust insurance solutions for larger and more complex construction endeavors.

The decision to expand capacity responds to the growing demand for higher coverage limits in the domestic construction market. By increasing its capacity, MECON aims to offer more flexibility in how brokers structure placements and to better support the evolving needs of the construction sector.

Maintaining its existing policy wording with amendments to reflect a revised insurer panel, MECON continues to provide comprehensive coverage tailored to the construction industry's unique requirements. This move underscores MECON's commitment to supporting the growth and resilience of Australia's construction sector by offering enhanced insurance solutions that align with the scale and complexity of modern construction projects.

Published:Thursday, 21st May 2026
Author: Paige Estritori

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