Car Insurance Online :: News
SHARE

Share this news item!

MECON Enhances Coverage Limits for Australian Construction Projects

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

MECON Enhances Coverage Limits for Australian Construction Projects?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

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

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

Sign in with Google to rate

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

Tasmanian Government Overhauls TasInsure Strategy
Tasmanian Government Overhauls TasInsure Strategy
21 May 2026: Paige Estritori
The Tasmanian government has announced a significant revision to its TasInsure initiative, transitioning from the establishment of a state-owned insurance company to creating a not-for-profit statutory authority focused on overseeing and supporting the insurance ecosystem. This strategic shift aims to address concerns about insurance affordability and availability within the state. - read more
APRA Calls for Improved AI Risk Oversight in Insurance
APRA Calls for Improved AI Risk Oversight in Insurance
21 May 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) has issued a directive to insurers, banks, and superannuation trustees, emphasizing the need to enhance oversight and control of artificial intelligence (AI) technologies. This call to action highlights a growing disparity between the rapid deployment of AI and existing risk management frameworks within the financial sector. - read more
ACCC Greenlights Zurich's Acquisition of ClearView Wealth
ACCC Greenlights Zurich's Acquisition of ClearView Wealth
21 May 2026: Paige Estritori
The Australian Competition and Consumer Commission (ACCC) has granted approval for Zurich Financial Services to acquire ClearView Wealth, a transaction valued at approximately $425 million. This decision follows a comprehensive assessment of the potential impact on competition within the Australian life insurance market. - read more
Softening Trends Persist in Australia's Commercial Insurance Market Through H1 2026
Softening Trends Persist in Australia's Commercial Insurance Market Through H1 2026
21 May 2026: Paige Estritori
The Australian commercial insurance market has maintained its soft trajectory through the first half of 2026, characterized by easing pricing across most lines and a broadening insurer appetite. This trend is largely attributed to heightened competition, expanded underwriting capacity, and stabilizing reinsurance conditions. - read more
MECON Enhances Coverage Limits for Australian Construction Projects
MECON Enhances Coverage Limits for Australian Construction Projects
21 May 2026: Paige Estritori
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. - read more
Click for more Insurance News


Car Insurance Articles

Why Customisation Matters: Tailoring Car Insurance to Fit Your Needs
Why Customisation Matters: Tailoring Car Insurance to Fit Your Needs
Car insurance customisation refers to the process of tailoring an insurance policy to fit the specific needs and circumstances of an individual driver or business. Unlike standard, one-size-fits-all policies, customised car insurance allows for the inclusion and exclusion of coverage options based on the unique requirements of the insured party. - read more
From Airbags to AI: The Future of Car Safety Technology
From Airbags to AI: The Future of Car Safety Technology
Car safety has come a long way since the early days of motoring. Initially, vehicles had minimal safety features, and accidents often led to severe injuries or fatalities. Over the years, technological advancements have significantly improved the safety of cars, making them much safer for drivers and passengers alike. - read more
Why Do Age-Related Factors Matter in Car Insurance Premium Calculations?
Why Do Age-Related Factors Matter in Car Insurance Premium Calculations?
Car insurance is an essential part of owning and driving a vehicle, providing protection and peace of mind on the road. While most Australians are familiar with the basic coverage options, understanding the finer details of premium calculations can be quite complex. One of the key factors influencing these calculations is age. - read more
Comprehensive vs. Third-Party Car Insurance: Which Is Right for You?
Comprehensive vs. Third-Party Car Insurance: Which Is Right for You?
Welcome to our comprehensive guide on car insurance in Australia! Whether you're a seasoned driver or a newcomer to the roads, understanding car insurance is crucial for protecting yourself and your vehicle against unforeseen events. - read more
Is Comprehensive Car Cover Worth It? Exploring the Benefits for Australian Drivers
Is Comprehensive Car Cover Worth It? Exploring the Benefits for Australian Drivers
Comprehensive car cover is a type of vehicle insurance policy that provides the most extensive range of protection. It aims to cover a wide array of potential events that could affect your car. - read more

Knowledgebase
Claim Adjuster:
An insurance professional who investigates and evaluates insurance claims to determine the amount the insurance company should pay.

Quick Links: | Car Insurance Australia | Best Car Insurance Australia | Cheap Car Insurance Quotes | Comprehensive Car Insurance | Third Party Car Insurance | Car Insurance Comparison | Car Insurance For Young Drivers | Car Insurance Discounts | Online Car Insurance | Car Insurance Reviews | Car Insurance Premiums
This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.
IMPORTANT: We act solely as an introducer and refer enquiries to licensed third-party brokers, insurers, and lenders. We do not provide financial product advice or credit assistance. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should independently verify the credentials and licensing of any adviser or provider you engage. Visit the ASIC website for further information.