Construction Insurance Brisbane

Working in construction exposes you to numerous risks. Construction Insurance is designed to help businesses manage the financial consequences of these risks. We help Brisbane construction companies and contractors access insurance solutions that suit their needs and budget. Call us on 1300 400 707 or fill in the form to find out more.

Don’t leave your Construction Insurance to chance.  As a fully licensed AFSL insurance brokerage, we have worked with a diverse range of construction businesses to provide positive insurance outcomes. Proactive in our approach, no client is just a ‘number’ to us - we pride ourselves in our transparent advisory. We see our clients’ businesses as if they’re ours.

Crucial Insurance is a multi-award winning Construction Insurance Specialist

Top Australian Insurance Broker of 2020
QLD 2020 top insurance broker medal
2020 top insurance broker rated by customers award medal
2020 top brokerage
2020 top thought leader medal from Advisr
2020 top specialist insurance broker
Construction Insurance - Crane

Construction Insurance Brisbane: What is it?

A comprehensive Construction and Builders Insurance policy provides protection for assets during the construction period and protects your business against any legal liability claims which arise as a result of the construction project.

Construction Insurance

Who needs Construction and Builders Insurance?

Any contractor or builder that is responsible for carrying out works on site should consider a Construction Insurance policy that provides Contractors All Risk coverage. This is to ensure you are protected for any loss or damage to your assets that are on-site during the construction period.

Essentially, Construction Insurance can provide you with protection from risks that may be outside of your control. For example, it can provide you with protection from applicable property damage claims; it can protect you if a third party is injured on your premises during construction; it can provide extended protection for existing structures.

Builders Insurance - working on a building

Construction Insurance Brisbane: what is covered?

A Construction Insurance policy is generally provided under 2 sections.

The first section will cover your assets and property during the construction period. This includes accidental damage, theft or loss of on-site materials including building materials, tools, plant and equipment during the construction period.

Key benefits which can be included under the property section of your construction insurance policy include:

extended cover to included loss or damage to property whilst in transit or in off-site storage

extended period of insurance to include testing and commissioning cover

include cover for value of materials supplied by the principal over and above the contract value

extend cover to include existing structures which are located at the site prior to work commencing

broad definition of contractors plant, tools and equipment

additional sum insured benefit for variations and escalation costs including inflation costs.

removal of debris where necessary following an insured event

Builders Insurance - project meeting

The second section will cover your legal liability for any claims which are made against you as a result of your construction activities. A comprehensive construction insurance policy will also extend to cover completed operations liability which ensures you are protected for any legal liability claims which arise once you have handed over the work.

It is important to ensure your Construction Insurance extends to include the following forms of legal liability:

Public Liability claims arising out of your construction project and business activities

Products Liability for personal injury and / or property damage claims which arise out of your Products supplied, sold or manufactured

Vibration, Weakening or the Removal of Support for personal injury and/or property claims caused by these factors

Liability or Property in your Care, Custody or Control

Your business becoming insolvent

Extension of your legal liability insurance to include contractors or sub-contractors where required

professional fees incurred to reinstate the damaged property

Construction Insurance Brisbane: what's not covered?

A Construction Insurance policy does not cover the following:

Equipment Breakdown

Wear, Tear, Corrosion and Deterioration

Goods shipped by sea

Incidents or claims known prior to the policy commencing

Claims arising from your digital network / data breach (see Cyber Insurance)

Business conducted in the USA / Canada unless agreed in writing

Injury to your employees which is workers compensation insurance

Claims arising from a professional services or advice (see Professional Indemnity Insurance)

Claims made against directors and officers (see Management Liability Insurance)

Claims arising from intentional acts

Why choose Crucial Insurance for Construction Insurance

When it comes to Construction Insurance and Builders Insurance, we treat our clients’ businesses as ours. And this isn’t just lip service: with our high client retention rate, we were recently awarded Advisr’s “Top Rated by Customers” Finalist award for our client reviews.

Multi-award-winning: we’ve received multiple awards based on our client service and contribution to the business insurance brokerage industry

We have the networks: we’ve spent years building supplier and insurance networks to help our clients find hard-to-place solutions

Integrity: we go above and beyond for our clients and see their businesses as ours

We work for you, not insurers: we have years of experience in claims management and will negotiate claims on your behalf

Construction Insurance: our Brisbane office

Image of Brisbane City

If you’re looking for a reliable business insurance broker in Brisbane, you’ve found the right place. With an office in the city, we’re only a call, email or short drive away. Our Brisbane-based brokers have a depth of experience in working with construction companies, builders and contractors.

Brisbane location

Level 9, 123 Albert Street,

Brisbane, QLD 4000, Australia

To discuss Construction Insurance options that suit your needs, contact us today.