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Arrange a packaged Builders Insurance policy for your business with Marsh!
Public & Product Liability Insurance
Public and product liability insurance is a key form of business cover that can help protect builders if certain accidents were to occur. If a client, sub-contractor or other person claims that activity completed as part of a project has resulted in an injury or damage to their property, the builder could be liable for the subsequent medical, damage and/or legal expenses.
Public liability insurance can help protect you if a third party is injured or their property is damaged during construction, whereas product liability provides cover for certain risks after works have been completed.
Material Damage insurance
Have you ever had fire, theft or a catastrophe impact a project? Especially throughout the early stages of a project, building sites are inherently exposed to greater risks of burglary and other destructions.
Material damage insurance covers builders who experience loss or damage to buildings, materials and equipment. Instead of halting operations material damage insurance can help get your construction project back on track by covering the costs of reinstating insured items that were impacted.
Display Building & Content Insurance for Residential Builders
Many domestic builders also offer display home viewings as part of their sales operations. However, this additional service can exposes builders to the increased risk of theft or damage, especially as these buildings are unoccupied outside office hours.
Builders insurance arranged by Marsh includes optional display building and content cover.
Speak with a dedicated insurance broker today to arrange a quote for your business.
The Marsh Insurance Broker Value
Your Trusted Broker
Helping builders create an effective risk management plan
We work with you to establish a strong upfront understanding of your business operations and upcoming projects, risk profile and appetite before proposing an effective risk management plan. Our aim is to give builders confidence knowing that their risks and exposures are identified, qualified and mitigated.
Service
An Insurance Broker dedicated to your business.
As part of our service offering to Australian builders, we pair each client with a skilled insurance broker whose experience aligns with the risk profile of the business. So when your business needs evolve, so too can your insurance cover.
Claims
Seamless claims process and advocacy
The value of any insurance policy is tested by its ability to respond to claims when needed. Our dedicated insurance brokers can help manage, negotiate and settle claims with insurers on your behalf.
Project specific or Annual Blanket insurance
There are two policy formats that builders can choose from when arranging construction insurance. They are:
- Project specific cover
- Annual based cover
The policy structure best suited to your business needs may vary on the size, value and risk profile of your construction projects. Our team are available to provide further insight about the different policy structures.
Bespoke insurance and risk management offerings for Large Builders
From home renovations to multi-faceted high-rise developments, our specialised insurance brokers work with builders of all sizes, specialties and complexities to arrange insurance solutions tailored to your industry's risk exposures.
Arrange a consultation with one of our team members today.
Additional insurance solutions for Builders
Commercial Vehicle & Fleet Insurance
Commercial vehicle and fleet insurance can help cover a businesses vehicles against damage or loss. We can arrange insurance for all of your businesses vehicles, listed under one policy.
Management Liability Insurance
Business owners, directors and officers can be held personally liable for breaches made by their company. Management liability insurance can help cover and reduce the risk of these financial exposures.
Cyber Insurance
Does your business store sensitive business information including customer data on your server or a third party service provider? Cyber insurance can help minimise the financial impact and risk of cyber-attacks.
Tools of Trade Insurance
Make sure your tools and equipment are covered with tools of trade insurance. This form of insurance helps cover tools for replacement or repair if they become damaged, lost or stolen.
Not sure what insurance cover your business needs?
Our team can assist you with a variety of insurance solutions. Contact us today to arrange an in-depth review of your insurance and risk management needs.
FAQs
Do I need Professional Indemnity Insurance as a builder?
If a company offers building design advice or services as part of their business activities, Marsh highly recommends that they consider arranging professional indemnity insurance cover as well. If a client claims that an error in the design advice or service they received from a business has caused injury, damage, or financial loss, that business may be held liable for any losses suffered as a consequence.
Professional indemnity cover can help protect a business against allegations of incorrect advice, breach of professional duty or negligence from a third party (usually a client).
Does Marsh offer monthly payment options?
Yes, we can organise monthly instalments* through a third party provided your business meets certain criteria.
To request monthly payments please fill out our contact form and our team will get back to you shortly.
*Interest and additional fees are applicable. Terms and Conditions apply.
What is Contract Works Insurance?
Contract works insurance, also known as Construction All Risk insurance, is a form of cover that combines public and product liability and material damage insurance within the one solution.
Material damage insurance covers builders who experience loss or damage to buildings, materials and equipment.
Public liability insurance can help protect you if a third party is injured or their property is damaged during construction while product liability provides cover for certain risks after works have been completed.
Make sure your construction business and assets are covered with contracts work insurance.
Helpful Articles
8 Common Questions about Contract Works Insurance
To help builders arrange their next contract works policy, we’ve collated answers to the top eight questions our brokers receive about contract works insurance.
Spotlight On Australian Construction Industry Risk Landscape
With increased momentum expected across all construction sectors, we explore the current risk landscape and exposures impacting the industry.
When arranging Construction Insurance, Marsh act under binding authority on behalf of QBE Insurance (Australia) Limited (ABN 78 003 191 035, AFSL 239 545) and not for you. The other insurance solutions referred to on this website are underwritten by various insurers.