Smart Insurance Solutions for the Building & Construction Industry
Construction businesses face a wide range of risks, from site accidents and material theft to contract disputes and strict regulatory obligations. At Coverforce, we understand the challenges of working in fast-paced, high-risk environments and can arrange tailored insurance solutions to help safeguard your business, people, and future projects.
Professions and business types we can help include:
Residential Builders | Commercial Builders | Renovation Specialists | Project Managers | Owner Builders | Scaffolding Services | Cladding & Facade Installers | Concrete & Formwork Contractors | Shop & Office Fitters
Key Industry Risks
On-Site Injuries and Accidents
Workers, subcontractors, or even visitors to the site can be injured, potentially leading to compensation claims, project delays, and serious legal or financial consequences for your business.
Tools and Material Theft
High-value tools and construction materials are common targets for theft. Without proper protection, replacing stolen items can be costly and disruptive.
Contractual Liability
Builders are often subject to contracts with strict insurance, warranty, and indemnity requirements. Mismanaging these obligations can expose your business to legal action and financial risk.
Delays and Cost Overruns
Delays due to labour shortages, weather events, or supply chain issues can result in budget blowouts and unhappy clients. Insurance can help mitigate the financial impact.
Defective Work Claims
Even with the best intentions, disputes over workmanship or building defects can arise, sometimes years after project completion. The right insurance can help protect you from these costly claims.
Insurance Considerations for the Construction Industry
Builders Warranty Insurance
Safeguard homeowners and builders with protection against non-completion or defective work.
Business Insurance Packages
A bundled cover for common business risks like fire, theft, and property damage.
Commercial Property Insurance
Helps protect buildings, contents, and stock against loss or damage.
Contractors Plant Insurance
Covers owned and hired construction equipment against damage or theft.
Contract Works Insurance
Protects your projects under construction against accidental loss or damage.
Cyber & Privacy Insurance
Provides cover for cyber attacks, data breaches, and privacy-related claims.
Directors & Officers Insurance
Protects company directors and officers against claims of wrongful acts in managing the business.
Group Income Protection Insurance
Provides ongoing income support to employees unable to work due to injury or illness, while also helping employers support staff wellbeing and improve retention.
Industrial Special Risks Insurance
Broad coverage for larger operations with high-value assets and complex risks.
Latent Defects Insurance
Broad coverage for larger operations with high-value assets and complex risks.
Management Liability Insurance
Covers the business and its management against risks like employee claims, regulatory investigations, or financial mismanagement.
Motor Fleet Insurance
Covers multiple business vehicles under one policy for accidents, theft, or damage.
Owner Builder Insurance
Cover for individuals managing their own building project, protecting against risks during construction.
Public Liability Insurance
Protects your business from third-party injury or property damage claims related to your operations.
Professional Indemnity Insurance
Protects against claims arising from professional advice or services that cause a client financial loss.
Strata Insurance
Protects strata-titled buildings and common areas against loss or damage.
Trade Credit Insurance
Protects your business from unpaid invoices and manage cash flow with confidence.
Workers Compensation Insurance
Mandatory cover for employee injuries, ensuring your legal obligations are met across Australian states.
Get in touch
At Coverforce, our expert team of insurance brokers will take the time to assess your individual requirements and exposures and deliver a comprehensive insurance solution that is tailored to your specific needs and budget.
For more information or to arrange cover, please contact us or simply fill out the Construction Insurance quote form below and one of our insurance brokers will get in touch in one business day.
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