Insurance Needs

insuranceneeds


Insurance Needs

Insurance needs

These are important and essential insurances to help protect you or your valuable assets or business. Be sure to organise your insurances 'before' building commences, otherwise the premium is significantly more expensive. We believe the insurance cover on which service our provider can send you a free quotation, are superior and provide wider and or more generous protection.

 

Home Owner Insurances

Owner Builder Insurances

Builders Insurances

Tradesmen Insurances

Professional Consultants Insurances

Related pages


Home Owner Insurances

Quotation options for Home & Contents Insurane:
1. PDF Form (download)
2. Phone: 1300 884 876 (Mon-Fri 9am-5pm)

We are currently developing this section on our website to provide details on policies specifically constructed to protect the needs, responsibilities and interests of Home Owners, as well as easy Quotation Request formats.
Insurance Policies will include:

  • Home, Contents and Public Liability Insurance

With assistance of our Insurance Service Provider, we can organise a free quotation for one of two levels of quality Home and Contents Insurance protection for your home.

Platinum: Recommended for home and contents, whose value is up to $1,500,000.
Gold: Recommended for home and contents, whose value is up to $1,300,000.

Apart from being what we believe are superior levels and extensiveness of protection, these ‘Home and Contents Insurance’ policies will remain valid, if you intend to have an extension or renovation carried out by a builder, or build it as an Owner Builder. (See the dedicated section on specific insurance policies for Owner Builders).

Most Home and Contents Insurance policies become invalid when building or renovating.
We will be adding information in these policies to our website in 2009, but in the meantime, you are welcome to call us on 1300 884 876 or +61 2 8303 0545 Monday to Friday 9am o 5pm (AEST), to speak with our Insurance Service Provider to obtain any quotation you require.

If you would like to enquire more about insurances you can also click here for our online enquiry form, OR post details to the Building Centre Network, PO Box 33, Strawberry Hills NSW 2012 Australia.

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Owner Builder Construction & Public Liability Insurance WHEN BUILDING

Quotation options for Owner Builder Construction & Public Liability Insurane:
1. Online Form
2. PDF Form (download)
3. Phone: 1300 884 876 (Mon-Fri 9am-5pm)

Through our insurance contacts, the Building Centre can assist Owner Builders by organising a tailor made Owner Builder Construction and Public liability Insurance. The policy is designed for the owner builder, and unlike a lot of ‘standard policies’ being offered by many insurers, our insurers cover contains additional benefits.

What does the Policy cover?

  • Construction Insurance
    Construction insurance covers owner builder’s throughout the building & construction stages of their project. It covers owner builders against malicious damage & vandalism, theft, fire damage, storm, wind and water damage. The policy we endorse also provides cover for demolition costs and professional fees in the event of a major claim (for up to 10% of the insured construction value) at NO additional premium cost.
  • Public Liability Insurance
    This part of the Insurance policy covers owner builders against the unfortunate, but possible event of third party personal injury and property damage, which may occur. It is still an essential part of the owner builders insurance regime, even though a home owner may have house hold insurance on a house they may be renovating. Many usual home insurance policies, which may otherwise cover occupiers liabilities for such occurrences, may not do so where renovations and building work is taking place, as the property inherently becomes open to hazards which are not usually there through normal occupation of a property, and therefore go beyond the coverage of the regular policies.
    This is something very important to keep in mind, as Owner Builder Construction & Public Liability Insurance is not compulsory, but you have to ask yourself, would you carry the risk of not having it? In fact, one should always remember, that through no fault of your own, your building project can be exposed to fire theft, vandalism, weather, or anyone of a number of other kinds of losses.

The Cost Factor

Price is also another important factor one should consider when looking at Owner Builder Construction & Public Liability Insurance, because the old adage of “getting what you pay for” rings no more truer than here.

All insurance policies are NOT the same, and there is no point in investing in a thrifty insurance policy if it doesn't fully protect you in the event of a substantial loss, and after all, isn’t this the primary reason for having a policy in the first place! A substantial financial loss on uninsured building works or liability would cause financial ruin to practically any owner builder, so don’t gamble your financial lively hood on “thrifty policies”, which may have an attractive entry premium, but not the kind of cover you need to protect you.

If you have obtained finance for your project, practically all lending institutions, will generally require that you take out all risks Construction and Public Liability Insurance, prior to releasing funds.

  • Period of Cover
    Our endorsed insurers Owner Builder Construction & Public Liability Insurance generally provides you with 12 months cover.
    Should your project take more than 12 months to complete, you do have an option of extending your cover for another 6 month period, followed by a subsequent extension of 6 months after that should you need it.
    So basically, you can have up to two years worth of cover, without needing to re apply for your all risks insurance, and that is just one of the many great options of flexibility which you have through our endorsed policy.

  • Things to consider when comparing our endorsed insurance policy with other policies in the market place
    1. Does the Public Liability policy provide a minimum $5,000,000 coverage?
    2. Is the insured value the actual replacement value of the project?(always seek professionals advice on replacement values).
    3. In the event of a major claim, does the policy automatically cover demolition costs and professional fees associated with rebuilding the property, or does this cost extra?
    4. What is the policy period and can it be extended if your building project takes longer than expected?
    5. Does the policy cover existing structures on the property? (i.e. existing house where extension and renovation proposed). Note you should advise your existing house and contents insurer prior to commencement of your intention to undertake construction works.
    6. Does the policy include Professional, demolition and removal of debris fees?
    7. If the works have commenced, is it possible to obtain insurance cover?

(Please note that although our insurer will cover a commenced project, higher premiums do apply).

Make sure you don’t risk your financial livelihood. Let us assist you by arranging the right policy for you, through our preferred insurer, and make sure your building project, is fully covered.

To obtain a free obligation Owner Builder Construction and Public Liability (OBCPL) quotation, either send in an OBCPL Online Application Form OR complete the PDF Application Form OR telephone us, Monday to Friday, on 1300 884 876 or +61 2 8303 0545 Monday to Friday 9:00am to 5pm (AEST), to inquire about such services or to make a booking for an on-site Inspection or Advisory Service.

Remember, The Building Centre has a range of fee-for-service services to guide and help you. There is no substitute for experienced an independent advice. Call us on 1300 884 876 or +61 2 8303 0545 Monday to Friday 9:00am to 5pm (AEST), to inquire about such services or to make a booking for an on-site Inspection or Advisory Service.

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Owner Builder Protection- Personal Accident & Volunteer Workers Insurance

Quotation options for Owner Builder Personal Accident & Volunteer Insurance:
1. Online Form
2. PDF Form (download)
3. Phone: 1300 884 876 (Mon-Fri 9am-5pm)

Owner Builder Protection- Personal Accident and Volunteer Workers Group Insurance… protection for you, your family or friends if working or helping on site.

An email we received...

We have started building as an owner builder, and we have all the necessary home owner warranty / construction risk insurances in place but I still cannot seem to find someone to help me with my enquiry, being if either my husband or I are injured on site, how are we covered?

As I understand it, we are not eligible for workers comp and / or public liability as it’s our site, we are not paid employees, we are building our own home, i.e. not registered as a company.

The reality is that both he & I are often on site, supervising, walking around etc etc and on weekends my husband does carry out much work himself (painting, moving bricks around etc etc) If we hurt ourselves, slip, trip etc (& there's no one to blame, it’s simply an accident) then who covers us for personal injury?

I have spoken to insurance companies and no-one was able to assist me. I also contacted an insurance broker and my solicitor who advised me to contact The Building Centre.... Any assistance or guidance would be greatly appreciated ! Many thanks.

(Marianne M, Sydney)

If you are planning to work yourself, or to help tradesmen, if is highly advisable to take out Personal Accident and Volunteer Workers Insurance, to provide some insurance protection, if you are injured or incapacitated and cannot attend your employed work. The insurance policy also provides up to 10 volunteer workers also helping you who are not being paid.

A building site can be a very dangerous place. If you are planning to build as an Owner Builder and do work yourself in an unpaid capacity, or have your spouse, partner of friend help you, if you are injured or incapacitated so that if any of you cannot return to your employed job, you or they will be significantly financially compromised. How would you feel if a family member or friends were badly injured helping you as a volunteer, i.e. not paid by you?

Construction Insurance only protects paid workers on the Owner Builder site.
If you plan to work on your Owner Builder project, and wish you have insurance protection, we can assist you. Complete the PDF Quotation Form, and we will arrange for our Insurance Provider to organise a quotation for you. You can send us a quote request by:

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OB Defects Inspection Report and Home Warranty Insurance when SELLING
Quotation options for Owner Builder Defects Inspection Report:
1. Online Form
2. PDF Form (download)
3. Phone: 1300 884 876 (Mon-Fri 9am-5pm)
Quotation options for Owner Builder Home Warranty Insurance (when selling):
1. PDF Form (download)
2. Phone: 1300 884 876 (Mon-Fri 9am-5pm)

"Home Warranty Insurance" is the insurance cover that required to be arranged and provided for a new or renovated house built by a legal Owner Builder, usually for a period of 6 years the Date of Practical Completion of the building project, at the time of selling an Owner Builder project.


We can co-ordinate and assist you to obtain the Defects Report and Owner Builder Home Warranty Insurance. Click the link to fill out the Online Defects Report Form or download the PDF form Owner Builder Defects Report Quote Form and send it to us for a quotation.
Also for any works using "second-hand materials" please fill out the Second-Hand Materials Declaration Form and attach with the Owner Builder Home Warranty + Defects Report Insurance Quote Form.

If you already have your Owner Builder's Defects Report and are enquiring a quote for Owner Builder Home Warranty Insurance click the link and fill out the PDF Owner Builder Home Warranty Insurance Quote Form.

Read more>>

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Builders Insurances

Quotation options Builders Machinery & Plant Insurance:
1. PDF Form (download)
2. Phone: 1300 884 876 (Mon-Fri 9am-5pm)
Quotation options for Builders Contract Works, Liability, Plant & Equipment Insurance:
1. For Annual Construction Cover PDF Form (download)
2. For Project Specific Cover PDF Form (download)
3. Phone: 1300 884 876 (Mon-Fri 9am-5pm)


We are currently developing this section on our website to provide details on policies specifically constructed to protect the needs, responsibilities and interests of Builders, as well as easy Quotation Request formats.
Insurance Policies available:

  • Contract Works, Plant & Equipment + Public Liability Insurance
  • Home Warranty Insurance
  • Office/ Business Insurance
  • Personal Accident & Sickness Insurance
  • Professional Indemnity Insurance
  • Workers Compensation Insurance
  • Machinery and Plant Insurance

In the meantime, we can assist you by telephone to obtain a quotation for any of the above protection, by calling us on 1300 884 876 or +61 2 8303 0545 Monday to Friday 9am to 5pm (AEST), to speak with our Insurance Service Provider to obtain a prompt quotation for any insurance you may require.

If you would like to enquire more about insurances you can also click here for our online enquiry form, OR post details to the Building Centre Network, PO Box 33, Strawberry Hills NSW 2012 Australia.

Contract Works, Liability, Plant + Equipment Insurance

This range of insurance protection is vital for builders, if not mandatory, as well as providing peace of mind.

As with builders where you pay for what you get, from a range of quality of workmanship and reliability available, the same applies for insurance policies and protection. The quality of the protection needs to be looked at equally carefully as the price of the premium.

Our Insurance Service Provider offers builders a quality, if not superior, product at a competitive price for insurance needs associated with residential, commercial and light industrial projects.

Some of these superior benefits and protection include:-

  • Free, Australia wide, automatic ‘tools and equipment’ cover with a generous $20,000 allowance;
  • In-built insurance protection also in the one policy, for the financiers, principals (the clients) and sub-contractors associated with project or projects that you are building;
  • This insurance cover continues for 12 months after completion to protect you during your Maintenance and Product Liability Period;
  • For projects up to $2 million dollars, a low excess of $1,000 per claim;
  • For builders who take their Home Warranty Insurance needs through us, a discount will apply on this policy;

There are ‘two’ ways that you can organise builders Contract Works, Liability, Plant and Equipment Insurance, either as:

1. An "Annual Construction Insurance"policy

This insurance provides protection for builders with a turnover of up to $10m, and any single contract up to $5m, for all your projects throughout a 12 month period. An initial premium is paid on taking out this insurance, based on your estimated turnover, and an adjustment is made either up or down based on the turnover actually carried out for those 12 months.

To receive a free quotation, simply download and complete the PDF form Builders Annual Construction Cover Insurance Quote Form or Call us on 1300 884 876 Monday to Friday 9am to 5pm (AEST)

2. Project "Specific" Cover policy

This insurance provides protection for builder's for each project.

To recieve a free quotation, simply download and complete the PDF Form Builders Project Specific Cover Insurance Quote Form or Call us on 1300 884 876 Monday to Friday 9am to 5pm (AEST)

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Tradesmen Insurances

We are currently developing this section on our website to provide details on policies specifically constructed to protect the needs, responsibilities and interests of Tradesmen, as well as easy Quotation Request formats.
Insurance Policies will include:

Tradesmen Insurance Forms PDF Online
Home Warranty Insurance
(not applicable to QLD, NT and TAS)		 N/A N/A
Public Liability + Tools of Trade Insurance N/A N/A
Personal Accident & Sickness Insurance N/A N/A
Workers Compensation Insurance N/A N/A
Machinery and Plant Insurance Download PDF Online Quote form
Commercial Motor Vehicle Insurance
(Utes and 5-10 Tonne Trucks)		 N/A N/A

 

In the meantime, we can assist you by telephone to obtain a quotation for any of the above protection, by calling us on 1300 884 876 or +61 2 8303 0545 Monday to Friday 9am to 5pm (AEST), to speak with our Insurance Service Provider to obtain a prompt quotation for any insurance you may require.

If you would like to enquire more about insurances you can also click here for our online enquiry form, OR post details to the Building Centre Network, PO Box 33, Strawberry Hills NSW 2012 Australia.

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Professional Consultants Insurances

We are currently developing this section on our website to provide details on policies specifically constructed to protect the needs, responsibilities and interests of Professional Consultants, as well as easy Quotation Request formats.
Insurance Policies will include:

  • Office/ Business Insurance
  • Personal Accident & Sickness Insurance
  • Professional Indemnity Insurance
  • Public Liability Insurance
  • Workers Compensation Insurance

In the meantime, we can assist you by telephone to obtain a quotation for any of the above protection, by calling us on 1300 884 876 or +61 2 8303 0545 Monday to Friday 9am to 5pm (AEST), to speak with our Insurance Service Provider to obtain a prompt quotation for any insurance you may require.

If you would like to enquire more about insurances you can also click here for our online enquiry form, OR post details to the Building Centre Network, PO Box 33, Strawberry Hills NSW 2012 Australia.

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