Construction & Builders Insurance
For Builders, Tradies & Contractors
Construction is a high-risk industry and it is important that you have cover in place to protect you if someone gets injured or their property is damaged as a result of your work.
Often all builders and contractors on the construction site will be bought into a claim even if the incident was not as a direct consequence of your work.
What can a construction policy cover?
Public Liability Insurance
This provides cover for third party property damage or injury arising out of your business activities. This is the most vital section of cover and isusually a contractual requirement on a construction site to hold a minimum of $20,000,000.
Contract Works Insurance
This provides cover for loss or damage to the materials and building works during the course of construction. You can also extend cover to include site huts, tools and hired in plant.
Depending on your business activities and operations you may also consider, Trade Credit, Professional Indemnity, Legal Expenses, Management Liability & Cyber Insurance.
How much does Construction Insurance cost?
The cost of Construction Insurance depends on a variety of factors.
The main rating factors include:
Annual turnover
Type of Industry you work for
Limit of indemnity
Whether you work at height or use heat
High risk locations
Number of employees and contractors
What are the common exclusions on a Construction Insurance policy?
It is important that your broker explains what is not covered on a Construction Insurance Policy. This includes:
Equipment Breakdown
Wear, Tear & Deterioration
Faulty Workmanship
Faulty Design
Incidents known prior to cover commencing
Injury to employees
Intentional acts
Your business becoming insolvent
The Insure Gold Coast Difference
At Insure Gold Coast we have extensive understanding of the Construction Insurance market.
We will provide the most comprehensive insurance together with the highest level of personal service.
We can save you money by taking the time to put together a tailored insurance program and are happy to arrange a visit to your property to ensure that we fully understand your requirements
We are passionate about supporting the local community and donate a portion of our income to Bravehearts Childrens Charity and 1% for the Planet.
Servicing only Gold Coast customers we are able to give you the service and support that you deserve.
Insure Gold Coast is a member of the largest insurance broker network in Australasia.
As a client of a Steadfast network insurance broker, you get the best of both worlds - local knowledge and service, with the strength of a large organisation.
