Contract Works Insurance
Often referred to as Contractors All Risks or construction works, a Contract works insurance policy is a must for any builder whether they are commercial, residential or both.
Often referred to as Contractors All Risks or construction works, a Contract works insurance policy is a must for any builder whether they are commercial, residential or both.
The contract works policy is made of two policy sections:
For more information about contract works insurance, download the document below:
The Home Building Act 1989 requires builders and tradespeople to be licensed for the work that they do, and to have proper contracts and insurance in place for most jobs.
A builder must take out job-specific insurance under the Home Building Compensation Fund (previously Home Warranty Insurance) for home building work valued at over $20,000.
Brookvale Insurance Brokers is one of a select few brokers in NSW that has the authorisation from Home Building Compensation Fund and a dedicated service team to assist builders in obtaining and maintaining eligibility, along with the issuing certificates on a job by job basis.
Please contact our specialists for more information: