Insurance for
Building Industries
Custom insurance policies to suit your needs
Builders Insurance
The building and construction industry is complex and at Be Covered Insurance Brokers, we are passionate about building a tailored insurance program that works for you.
When it comes to insurance for the construction and building industry, it really helps to have a specialist insurance broker who understands:
- Risks you face on and off site
- How the contracts you are signing affect your insurance coverage
- What benefits you are entitled to in the unfortunate event of a claim
- Ensuring your risks are covered off as the industry and world change around you
Building Civil
Contractors Insurance
Civil contractors build the infrastructure that makes Australia.Whether it’s a new freeway, bridge or overpass, subdividing a new development, maintaining roads or preparing land for building work, civil contractors work in an increasingly complex and regulated environment, and are being required to take new risks, work in and around new technology and construction methods, as well as deal with new procurement methods. It’s vital for civil contractors to have a specialist insurance broker who understands:
- What boxes you need to tick to get you on site as quickly as possible
- Construction risks – both on and off site
- What your contract means for your insurance coverage
- The claims process and getting back to work in the event of a claim
- That having the right insurance can reduce risk and add value at tender time
Building Developers
Insurance
The title ‘Developer’ can encompasses a vast range of activities. Each project is different, each contract is different and the way in which each Developer works in bringing a project together is different. With large differences between each individual project, you should not risk using an insurance provider who only dabbles in this niche industry. Instead, you need a broker who adds value to your business by assisting you to fulfil your contractual requirements, gets you on site quicker and understands:
- The chain of responsibility under your specific contracts
- What insurance is required to meet your contractual obligations
- What needs to happen to get work happening on site as quickly as possible
- How to protect your interests if something goes wrong
- Adds value to your insurance program to give you the edge at tender time
Building Project
Managers Insurance
The line between project management and construction contracting have become more and more blurred by modern contracts. The title of Project Manager now covers a wide range of businesses – from traditional project managers, acting as agent on behalf of owners/developers, through to builders pricing projects instead of the traditional subcontracting model, and any number of variations in between. With vast differences between each individual project, you should not risk using an insurance provider who only dabbles in this niche industry. Instead, you need a broker who understands:
- The chain of responsibility under your specific contracts
- What insurance you need to meet contractual obligations
- What needs to happen to get work happening on site as quickly as possible
- How to protect your interests if something goes wrong
- Adds value to your insurance program to give you the edge at tender time
Why choose Be
Covered Insurance
Brokers?
- Competitive pricing
- Pro-active monitoring of your insurance program to ensure you remain protected
- Proudly part of Steadfast Group
- We read the fine print and find the best policy for you
- Access to our exclusive ‘bulk buying’ prices
- Broad range of options, many of which are not available elsewhere
Business Insurance Policies
We Have the Building
Industry Covered
Specialist Construction & Building
Insurance Broker
Common Questions Answered
This will depend on the works you are doing and the contracts you are signing. As a general rule if you are working direct for a client, there is no one else covering the material damage to your works such as fire, storm, theft – you would need to take out Material Damage cover under a Contract Works policy out to cover damage to what you are building.
Also, under contract with Tier One builders or head contractors, you may also be required to cover material damage to your works whilst under construction or you could be covered under a head contractor’s policy but they may have a very high excess which wouldn’t be viable for you financially in the event of a claim. Talk to your broker to discuss the projects you are doing and contracts you are signing to determine what level of cover you require. You may be able to reduce costs if only a small portion of your works require material damage cover and not all your works.
Yes – Be Covered work with a number of premium funders who can assist in providing competitive options to pay your premium monthly to free up your cash flow so you can free up your money to invest back in your business rather than paying a lump sum for your premiums in one go.
Yes – Ideally you want to negotiate all your requirements and needs at the beginning of the policy so your broker can make sure the insurance package they are arranging for you is both the best cover and price but we understand, life happens and businesses change. If you need to make a change to your policy at any time, just contact your broker.
Usually a Contract Works and Liability policy will only cover the resultant damage from the faulty product or workmanship, not the faulty work or component itself. It is important to note that all insurers deem the size of the faulty work or component differently therefore providing more or less cover in the event of a claim. Some insurers will define a much larger part of the project as faulty whereas another insurer might deem the faulty areas as the smallest component providing a larger payment in the event of a claim.