Builders Insurance
— Don’t let building risks stress you out, our insurance coverage ensures your protection, so you can focus on your business.
What insurance should I have as a Builder?
Builder’s Public Liability Insurance
Protects against claims lodged against you by a third party. It includes cover for third party personal injury, property damage and legal expenses in defending a claim.
Contract Works Insurance
Covers builders from material loss or damage while working on the project.
Mobile Plant and Equipment
Protects your large machinery and plant equipment investment against damage or loss.
Commercial Motor Insurance
Covers the costs due to theft and accidental damage by fire, flood, collision, overturning, hail and storm to vehicles used for commercial purposes.
Cyber Insurance
To reduce the impact of cyber security breaches, as they are becoming one of the top risks as businesses creating, collecting and sharing information online become more reliant on technology.
FAQs
No builders insurance is not compulsory, but it is normally a requirement within contracts. Councils and banks might check that you have Builder’s Public Liability and contract works insurance at a minimum.
No subcontractors are not covered and it is highly advised that all subcontractors think about their own insurance cover to protect themselves from public liability and tool theft at a minimum. Both these insurances will reduce your risk of having to pay a potential sum against a 3rd party or replacement cost of your tools.
Builder’s warranty insurance covers a builder’s client against inadequate or unfinished work for 6 years for works over $16,000 and under $300,000. Consumer law stipulates that a home must be liveable at the completion of the build, and the finished project must meet the consumer’s expectations.
Builder’s warranty protection only extends to cases where the builder has died, disappeared, become insolvent or deregistered.
Business Package Insurance – Bizpack
Management Liability Insurance
Professional Indemnity Insurance