Builders

Rising Insurance Costs: Solutions for Home Builders

As insurance premiums rise, home builders face new challenges in managing costs. Learn practical strategies to navigate these increases & boost your risk management approach.

What you need to know about contractor liability Insurance

If your SME uses contractors, beware the risks and how to manage them. This article explains risk management approaches include customised insurance for your unique business.

Understanding the Importance of Dilapidation Reports in Construction Insurance

As trusted insurance brokers serving the construction industry, we understand the complexities and challenges that builders face when arranging insurance coverage for their projects. One crucial aspect that often arises in certain types of construction projects is the requirement for dilapidation reports or building condition reports. In this blog post, we'll delve into what these reports entail, why they're necessary, and how they can protect builders from potential financial risks.

5 Insurance Claims Aussie SMEs are Most Likely to Make

Find out about the five most common claims Aussie SMEs make on their insurance and how your business can reduce your risks. Protect your SME with better risk management & the right insurance coverage.

This article will also offer tips to improve your risk management, so you’re less likely to need to claim for any of these events.

How to ensure you're getting full value out of your insurance broker or adviser

SMEs can optimise their risk management, earn discounts by policy packaging, save on claim time & more by using the expertise of a qualified insurance broker or adviser. Learn how your business could benefit.

Strengthen Your Construction Insurance: Safeguarding Existing Buildings

Undertaking construction projects involves numerous risks, emphasizing the critical importance of robust insurance coverage. While your current construction and liability insurance policy may cover specific aspects outlined in your building contract, it's essential to understand that it may not extend coverage to existing buildings at the project site. This underscores the need for an additional layer of protection.

Stop Your Tools & Equipment Going Walkies: Here’s How

Tradies’ tools and equipment are a hot target for thieves. These risk management tips, including appropriate insurance, will help protect your gear, including if your items have been damaged.

Tips to Secure your tools

Supply Chain Disruptions & Business Interruption Cover

Supply chain disruptions are imminent again with disasters and world conflict. How to mitigate your risks & learn more about when a business interruption insurance policy can help your business.

Become Supply Chain Resilient

New legal landscape for construction businesses FY24

Many legal and regulatory changes are happening in the construction sector now & into the next financial year. Find out what’s in store for your state & territory with this informative update.

Tools to Help Your Business Prepare for the Bushfire Season

There are many useful and official resources to help businesses prepare for summer bushfire season and other risks.

Let's look at some of the resources you can access to help manage your natural disaster risks and why you might need them.

The Importance of Run-Off Cover for Public & Products Liability

In the world of insurance, 'run-off coverage' is a vital but often overlooked term for businesses. This post delves into its importance, especially in products and public liability insurance.

Builders’ Insurance: What Your Business Needs To Know

It’s a challenging environment for Australian builders, but you can help protect your business by bolstering your risk management. We explain the key insurance policies to consider.

The Role of Public Liability Insurance for Builders

Construction businesses need public liability insurance for protection against claims from third parties for injuries or property damage. Learn why builders and sub-contractors need separate policies.

Principal Supplied Items - Beware!

Principal supplied items, also known as owner-furnished materials, are a type of coverage that can be included in an annual construction insurance policy.

Unpacking Contract Works Insurance for Aussie Builders

Contract works insurance can be a good fit for Aussie builders keen to manage the risks on their building projects. But policy coverage varies, with options including per project or annually.

Does Your Insurance Cover All of These Construction Risks?

Construction risks are increasing, so it’s worth checking that your insurance covers your business needs in the current environment. We also explain how to minimise these risks.

Not the same: Employee vs. Independent Contractor

Your business can avoid extra risks, liabilities and penalties by understanding and abiding by the legal differences between an employee and an independent contractor. This article offers you a guide.

Your Top-Notch Checklist To Stop Tool Theft

As a tradie, you know trying to operate without the tools of your trade is impossible.

While you may already have an excellent security system in place, it's easy to let things slip and not implement the latest technology and updates in theft prevention.

Overcoming This Year’s Construction Market Challenges

Considering the recent rough couple of years for the construction market, how can your business prepare for what 2022 might hold?

While uncertainty will still be the theme, there are some things we can count on happening.

Must-have cover for builders and the construction industry

Tighter regulations and increasing risks mean there are several must-have insurance policies for the construction industry. Find out more about each and why they’re essential for your business.

Here’s how to avoid the most common construction risks

The average person might be surprised by how many risks confront construction businesses. But we’re here to help you identify and manage them.

How increasing building costs could mean you’re now underinsured

Most people are aware inflation has been on the rise in recent months due to COVID-19 impacts. However, many are not aware of how significant the impact has been on the construction sector and what that means for their property insurance. As a result, the gap between what most people are insuring their properties for and the true cost of rebuilding is currently unusually large. Read on to learn more.

Are you doubling up if you have builders' risk and general liability insurance?

With builders’ risks escalating and an increasingly tougher regulatory environment across Australia, how can construction contractors protect against potential liabilities and losses?

NSW Draft Design and Building Practitioners Regulation: are you ready to declare?

The NSW Government's draft Design and Building Practitioners Regulation 2020 outlines rigorous reforms that will affect design practitioners and builders who work on multi-storey residential building projects.

In order to provide you with up-to-date information to help you understand the upcoming changes in NSW we have sourced the following article from leading Australian law firm Clayton Utz.

Why construction businesses need professional indemnity insurance

There’s a lot at risk if you’re running a construction business in Australia.

Increasingly, professional indemnity (PI) insurance is a must-have for construction professionals. Should you already have this cover, have you checked if the policy adequately protects you now and into the future?

Workplace manslaughter offences: could your business defend itself?

In 2019, WorkSafe Victoria reported there were over 27000 claims for injured workers, and sadly 24 workplace fatalities occurred in the state. The tragedy of one person losing their life on the job has a longstanding effect on family, colleagues and friends, so even one workplace death is too much. As a result, new laws have been created to assist in preventing workplace death. Because everyone Australian worker has the right to go home safely to their loved ones at the end of a workday.

Builders’ Insurance – why you should consider annual policies

Builders come in all shapes and sizes. And not just physically.

It doesn’t matter if you’re an owner/builder, builder, sub-contractor, employ two people or have 2000 employees relying on you, you need to have the correct insurance in place.

As builders and their projects are all different, so are the insurance packages on offer.

Not sure what to do? We’ve put on our safety hats and we’re here to help

Insurance for the building and construction sector

Whether you’re an owner builder, a contractor or a large construction company, you’ll need a range of insurance covers to safeguard your workers, building and equipment.

Why Professional Indemnity Insurance is vital for builders

Are you unnecessarily exposing your business to potential losses and legal action if any issues arise with a property you have built?  While you likely have some insurance in place, are you sure you have the right cover? Because when it comes to the construction of a property, even if other contractors are involved, you as the builder have the closest relationship with the client. In their eyes, the buck stops with you.

Contract Works Insurance at a glance

When you're working on a construction site, plenty of things can go wrong. Damage or loss to a building could cost you time, money and even your reputation. Meanwhile, an onsite injury can result in considerable pain, stress and financial loss.

What insurance do contractors and sub-contractors need?

As a business owner, hiring a contractor or sub-contractor can be handy for seasonal peaks or one-off projects. A contractor means any person or business you hire on a contractual basis and is not your employee. 

Professional Indemnity Insurance - Tips & Traps for Contracts

P.I. Insurance: tips and traps for construction contracts, If you need assistance with contracts please contact cgib and your account manager will advise you on services we can offer.