Construction and Builders Insurance Australia

Looking for the right Construction and Builders Insurance policies for your needs and budget? As a fully licensed AFSL insurance brokerage, we help medium-to-large-sized companies in the industry overcome their insurance challenges. Call us on 1300 400 707 or fill in the form to speak to an experienced Construction and Builders Insurance specialist today.

Construction Insurance provides protection for builders during the period of construction and for your broader business activities as a builder. It is an essential form of protection to ensure your assets and liability are properly insured.

Crucial Insurance is a multi-award winning Construction Insurance Specialist

top business insurance broker
best business insurance broker
Top Australian Insurance Broker of 2020
QLD 2020 top insurance broker medal
2020 top insurance broker rated by customers award medal
2020 top brokerage
Construction Insurance - Crane

What is Construction and Builders Insurance?

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.

Builders Insurance - working on a building

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:

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: 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

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)

Claims made against directors and officers (see Management Liability)

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

As business insurance brokers, we do the heavy lifting for you: we help you find the right insurance, strategise ways to lower your premiums, negotiate claims on your behalf and work to make sure your policies remain up to date.

We’re proactive: we help you make informed decisions about insurance through transparent advisory

We’re award winning: we won a number of a awards for our commitment to our clients

We’re negotiators: we have years of experience in claims management

We do the heavy lifting: we do the arduous insurance work, so you can focus on what you do best

We’re connected: using our national and international insurer network, we’ll help you find the most appropriate and cost-effective policies for your needs. We also help with hard-to-place insurance solutions

To get a quote that provides you with the right cover it's important you speak with a Construction and Builders Insurance expert who can advise you how best to design your Contractors All Risk Insurance.