Building Certifiers

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Cladding exclusion-free PII policy for Australian Building Certifiers

Building Certifiers have been facing an uncertain future for some years as their PI Insurance supply collapsed in the wake of the 'cladding crisis'.

Coverforce as a RICS Preferred Partner for Professional Indemnity Insurance in Australia along with RICS has been in negotiations with insurance providers for months to find a sustainable solution for this national issue.

We are pleased to announce that cladding exclusion-free PII is available now for eligible insureds. Coverage is compliant, great value and 100% backed by Lloyds of London.

Key policy features

  • Limits of $1mil and $2mil offered (Higher limits available; however cladding coverage will be limited to $2mil)
  • Automatic reinstatement
  • No cladding exclusion
  • Fraud and Dishonesty cover
  • Cover for Consultants, Sub-Contractors and Agents
  • Continuous cover
  • Inquiry costs - submitted to $100,000
  • Run-off Cover
  • Vicarious Liability

Frequently Asked Questions

This policy is designed for Australian Building Certifiers with a turnover of less than 5mil AUD. It provides professional indemnity insurance cover which does not include a “Cladding” or “Non-Compliant / Non-Conforming Builder Materials” Exclusion. For full details please read the policy wording available through your Coverforce insurance broker.

Where your business has a higher turnover, there are other options available. Talk to your Coverforce insurance broker for personalised advice.

The policy has been designed by Insurers to be compliant with relevant legislation throughout Australia for Building Certifiers. However, to ensure your policy is compliant, it is important to adhere to the applicable minimum coverage limits and other requirements relevant to your business profile in the states and territories that you operate in.

This information is provided as general advice only, it is always recommended to speak with your insurance broker when taking out cover to ensure you get a policy that meets your needs.

The security for this product is provided 100% by Lloyd’s of London. Lloyds of London is authorised by APRA to write Australian insurance business.

Lloyd’s of London has been in business since the year 1688. Lloyd’s has been a pioneer in insurance and has grown over 330 years to become the world’s leading market for specialist insurance.

As per the above, no. The security for this product is provided 100% by Lloyd’s of London.

Lloyds of London is authorised by APRA to write Australian insurance business. Lloyds is also a member of the Insurance Council of Australia.

As far as we are aware, this Policy is the only cover available to Australian Building Certifiers, which does not include a “Cladding” or “Non-Compliant / Non-Conforming Building Materials” Exclusion.

Coverforce have been in negotiations with insurers for more than 18 months to get to the current position where insurers are now able to offer Cladding exclusion-free PII. This process involved systematically addressing the key issues impacting insurer confidence and providing the historical data to support the solutions proposed. Insurers have established conservative underwriting guidelines, to ensure that this Policy will be sustainable for the long term.

Despite the hard work and challenges faced negotiating with Insurers, both Coverforce and RICS remained committed throughout the process and we are immensely proud to have been able to bring this solution to market. It is fantastic news for the industry.

There is no drawback to having broad coverage unless you are paying more than you need. For business that have no cladding exposure, your policy is priced as per your specific risk profile. You will not have premium loadings that may be applied to business with cladding exposure.

As always, it’s best to talk with your insurance broker who can provide you with advice suited to your specific circumstances. They can even help you to compare between alternate products and options available in the market.

Insurers require that policy holders must comply with the RICS policy condition requiring a minimum of 50% of all professional staff to become Chartered Surveyors or Associate Members of RICS within the period of insurance.

The application process of the above must start within 4 weeks of policy inception, or Insurers reserve the right to double the standard policy excesses agreed at placement, in the event of a claim.

The policy holder must also become a RICS Regulated Firm within the period of Insurance.

The Certifiers Professional Indemnity facility has been negotiated with Insurers in conjunction with RICS.

RICS have provided confidence to Insurers that has enabled them to provide the capacity to a distressed sector. Without RICS involvement Insurers would not have introduced new insurance capacity in this sector.

The RICS mandate will:

  • increase professionalism in this sector, by way of education;
  • in accordance with global standards;
  • self-regulate the sector, as opposed to government regulation;
  • enforce compliance.

The policy is designed for Certifiers only, and therefore does not provide cover for Design & Engineering activities.

There are various options available for business that provide a range of professional services. It is always best to speak with your insurance broker prior to taking out cover to ensure you get a policy that meets your business needs, including licensing and registration requirements.

General Advice Warning

The information provided on this website is of a general nature only and has been prepared without taking into account your objectives, financial situation or needs. Before acting on the general information provided on this website, please consider the appropriateness of the information provided by having regard to your own objectives, financial situation and needs.

Before you make any decision about whether to acquire any insurance product you should review our disclosure documents, including our Financial Services Guide (FSG) and the Policy Wording relevant to that insurance product.

Contact a Coverforce broker

To find out if your business is eligible to take out this cover and for an obligation free quotation, contact your local Coverfore broker today on 1300 503 503 or via email at

Or simply fill in the form below with the relevant details to receive a callback from our team.

Are you looking for expert risk advice and great value cover for your business? Call us to speak to a Coverforce insurance broker today.

Our Insurance Brokers service clients throughout Australia, with key offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.

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Our brokers can access more than 100 insurers across the globe to find your business quality cover at the right price.

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