Construction Insurance Melbourne

When it comes to Construction Insurance that you can trust, you should look no further than Crucial Insurance. As award-winning, AFS licensed Business Insurance Brokers, we help you access the right insurance cover for your Melbourne construction sites and projects. Call us on 1300 400 707 or fill in the form to find out more.

You should never leave your Construction Insurance to chance. Improper risk assessment can result in a poorly designed policy that in turn could lead to disastrous financial consequences for your business and personal assets. 

We are proactive in our approach, so rest assured that no client of ours is just a ‘number’ to us and we pride ourselves in our transparent advisory.

Crucial Insurance is a multi-award winning Construction Insurance Specialist

business insurance broker stephen ball award
business insurance broker-niba award
business insurance broker top thought leader
Top Australian Insurance Broker of 2020
QLD 2020 top insurance broker medal
2020 top insurance broker rated by customers award medal
2020 top specialist insurance broker
Construction Insurance - Crane

Construction Insurance Melbourne: What is it?

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; or if a third party is injured on your premises during construction; it can also provide extended protection for existing structures.

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

Construction Insurance

Who needs Melbourne Construction Insurance?

This is for any Melbourne-based contractor or builder that is responsible for carrying out works on-site. They  should consider a Construction Insurance policy that provides Contractors All Risk coverage. This is to ensure you are protected from 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.

construction insurance melbourne specialist

Construction Insurance: what is covered?

A Construction Insurance policy is generally provided under 2 sections.

Section one covers your assets and property during the construction period. This includes accidental damage, theft or loss of on-site materials including building materials, tools, the 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

an extended period of insurance to include testing and commissioning cover

removal of debris where necessary following an insured event

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.

melbourne construction company insurance expert

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

Your business becoming insolvent

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

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

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

professional fees incurred to reinstate the damaged property

Construction Insurance Melbourne what's not covered?

It is essential to know the full limits of your policy and that includes what isn’t 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)

Claims made against directors and officers (see Management Liability 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 arising from intentional acts

Why choose Crucial Insurance for your Melbourne Construction Insurance

When it comes to Construction Insurance and Builders Insurance, we treat our clients’ businesses like ours. Our track record speaks for itself, as we have a high client retention rate, as well as being recently awarded Advisor's “Top Rated by Customers” Finalist award for our client reviews.

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

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

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

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

melbourne construction insurance snapshot

Construction Insurance: a Melbourne snapshot

Melbourne is the capital city of the state of Victoria, and Australia’s second-largest city. It has been regularly named among the world's most liveable cities. This is due to its stability, good healthcare infrastructure, strong culture and much more. When you study in Melbourne, you have access to a thriving metropolis surrounded by amazing wineries and countryside.

According to Melbourne’s economic profile on Remplan, the city generated around $194.93 billion, representing over 20.7% of Victoria's Gross State Product (GSP). The City of Melbourne remains the centre of the state of Victoria's business, administrative, cultural and recreational activities. Around850,000 people visit the city centre every day and each year Melbourne hosts over a million international visitors.

According to, Melbourne city has:

  • - A GRP of 97.082 billion
  • ​​- 458,400 local jobs
  • - 15,000 local businesses

The largest industries are food and beverages and business services.

At Crucial Insurance, we value our clients’ businesses like our own and we have built our business on the mantra of ‘doing the right thing’. This has helped us become one of the leading insurance brokers in Melbourne, working for both private and publicly listed companies in the city and throughout Australia.

We are also an Australian Financial Services Licence holder. This means that we are regularly audited to ensure we provide a high level of skill with an exceptional level of integrity and service. You can place your trust in us.

As your Melbourne business insurance broker, we will find the right policy that fits your needs and work together with you to help you understand the ins and outs of your coverage. It’s crucial that you invest in the right policy to safeguard your business should the need arise.

Contact us to discuss Construction Insurance options that suit your Melbourne business.