Construction Insurance Sydney

When it comes to finding Construction Insurance, it’s important to work with people you can trust. As award-winning, AFS licensed Business Insurance Brokers, we’ll help you access the right insurance cover for your Sydney construction sites and projects. Call us on 1300 400 707 or fill in the form to find out more.

Don’t leave your Construction Insurance to chance. If your risks are not properly assessed it can result in a poorly designed policy that in turn could lead to disastrous financial consequences to your business and personal assets. 

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

business insurance broker stephen ball award
business insurance broker-niba award
2021 Advisr business insurance broker top thought leader award
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
sydney insurance for construction

Sydney Construction Insurance: What is it?

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.

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.

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Who needs Sydney Construction 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.

construction insurance expert sydney

Construction Insurance: 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:

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

extended period of insurance to include testing and commissioning cover

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

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

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

sydney construction 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:

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

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

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

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 Sydney: what's not covered?

A Construction Insurance policy does not cover the following:

Equipment Breakdown

Wear, Tear, Corrosion and Deterioration

Incidents or claims known prior to the policy commencing

Business conducted in the USA / Canada unless agreed in writing

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

Goods shipped by sea

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

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

Injury to your employees which is workers compensation insurance

Claims arising from intentional acts

Please contact us for more clarification on what may or may not be included with Construction Insurance cover.

Construction Insurance: Sydney Snapshot

construction insurance sydney snapshot

Being situated on the coastline of New South Wales, Sydney has stunning views of beaches and is also home to our world-famous Harbour. Located in close proximity to the Blue Mountains, it is home to iconic parks such as Carrandah Park and Hyde Park, as well as natural reserves such as the Barangaroo Reserve. Sydney is also the centre of most commerce in Australia and is known for its fast-paced lifestyle. Sydney is also safe and a great example of Australia’s natural hospitality.

According to the City of Sydney’s economic development strategy, in 2018/19, around $140 billion was generated within Sydney city, representing over 7% of Australia's economy. Despite the growth of business districts such as North Sydney, Parramatta, Macquarie Park, Olympic Park and the growth corridor to the north-west, the City of Sydney has maintained its pre-eminent role. The number of cities in the city of Sydney grew by 4,000 between 2007 and 2017.

According to, Sydney city has:

  • - A GRP of 130.22 billion
  • - 664,850 local jobs
  • - 73, 934 local businesses

The largest industries are professional, scientific and technical services.

Although, like the rest of the world, Sydney was affected by the COVID-19 pandemic, the New South Wales capital remains a thriving and robust city. It is famous worldwide for its iconic destinations such as the Sydney Harbour Bridge, Bondi Beach, the Sydney Opera House, the fish market, as well as its colourful fashion, sporting and arts scenes.

We value every client’s business as if they are our own. Our business is built on the mantra of ‘doing the right thing’ for our clients and now work with both private and publicly listed companies in Sydney and throughout Australia.

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

As your Sydney business insurance broker, we will find the right policy for your needs and help you understand the ins and outs of your cover. It’s crucial that you invest in the right policy to safeguard your business should the need arise.

Why choose Crucial Insurance for Sydney Construction Insurance

When it comes to Sydney 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 have received multiple awards for our dedication to client satisfaction.

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

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