Builders Insurance
If you’re a builder or developer you know that things may go awry from time to time and the importance of having the right builders insurance goes hand in hand with having an insurer who understands your business.
Insurances for builders and allied trades and all construction and engineering professionals
If you operate in the construction and building sector, we can help your business with advice and placement of insurance policies for all classes of construction insurance. Whether it be for a small home renovation building specialist or a $100 million multi facet construction project, Ian Jones Insurance Brokers are well placed to provide a wide range of insurances from all insurers with exceptional policy conditions and competitive premiums.
With complete, comprehensive construction insurance you can rest assured in knowing that your project will be protected against damage from unforseen insured events, loss of materials and tools, plant and equipment failure, construction liability as well as professional indemnity for ALL trades and professions who require it.
Our flexible approach means we can tailor our policies to suit specific needs and cater for projects of all sizes, from owner builders, commercial and industrial properties through to the principals of major engineering infrastructure projects.
We also provide the option to cover against advance loss of profits, rents or holding costs, which reduce the chance of a gap in cover for an insured incident. This gives you the option of enjoying multiple cover in a single policy.
Builders Insurance policies for:
- Residential construction
- Commercial builders
- Design & construct
- Industrial and warehouse construction
- Infrastructure projects
- Individual dwelling extensions and renovations
- Project Managers
- Construction professionals
- Home Owners Warranty
- Construction trades public liability
Why use Ian Jones Insurance brokers?
If you’re a builder or developer you know that things may go awry from time to time and the importance of having the right insurance goes hand in hand with having an insurer who understands your business.
From builders specialising in home renovations, extensions and repairs through to multi level residential, commercial or industrial projects and housing estates – creating new suburbs, we know how to keep your business correctly covered.
Experienced industry experts
We understand the how and why of liability, professional indemnity, statutory and environmental liability, site works, civil, engineering and more. We know what your business needs to protect and what builders insurers to use. We have access to a variety of specialist construction insurers with exceptional policy wordings and a complete understanding of your industry.
What our clients say
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We are confident we can find the right policy at the right premium for you and your business – no matter what it is.
Frequently Asked Questions
A builder should hold insurance against the construction work they are undertaking. Builders insurance, known as Contract Works Insurance or Contract All Risk insurance covers the work undertaken whilst the project is under construction and covers various events such as fire, storm, lightening, impact and other perils. The insurer would cover the costs associated to bring the project back to the stage of construction prior to the event occurring.
Builder may need to take out a professional indemnity insurance if they are involved in any part of the design, formulation or project management of any property construction. They would need to insurance against any error or omission that may cause financial loss to the principal.
Builders Liability insurance should be taken to ensure protection to the builder against any third party property damage claim or third party personal injury claim bought about by any negligent act of the builder or their employees, representatives or contractors.
The cost of Builders Risk Insurance is usually paid for by the builder as with any insurance it is a business outgoing. On job specific projects the cost of specific builders insurance may be factored into the cost of the project which, ultimately is paid by the one commissioning the build in the first place.
Construction insurance is an insurance taken out by a builder which protects against a loss to the project during the course of construction. It is designed to compensate the builder for work undertaken to the point of the claim incident.
Owner Builder Insurance is a policy that may be taken out by someone who is building there own home without the license of a qualified builder. The cover is to protect losses as noted on the policy during the period of construction. Cover is for the typical perils such as fire, storm, water damage, malicious damage and more. It can also cover theft of materials and tools.