Additional Services for CCF Members
In addition to servicing your general construction business needs, Coverforce Insurance Brokers offers a wide range of additional resources that can help your business.
Trade Credit
Trade credit is a particularly specialised area of insurance. That’s why Coverforce Insurance Brokers has a dedicated Trade Credit Insurance Division. Run by Peter Galeb, this team offers you smart insurance solutions that will safeguard your business’s cashflow by covering your losses due to the insolvency of debtors or non-payment from customers.
Every business has a different threshold for unpaid debt and differing numbers and sizes of ‘key’ accounts. Our specialist brokers work with your business to create a tailored policy that meets your needs. With access to leading markets we can obtain competitive pricing and meaningful coverage at a time when you need it most.
In the current financial climate, the guaranteed solvency of your business allows for peace of mind and security to all stakeholders and can also be leveraged as a point of difference against competitors.
Workplace Services
Coverforce has a specialist Workplace Services/Workers Compensation consultancy division. We have a strong track record of reducing business costs, closing compliance gaps, optimising workers compensation programs and managing claims/injuries to achieve positive business outcomes. These services include:
- Claims management with a focus on forecast claims reserves and settlements, including quarterly meetings with the relevant insurer and their service providers
- OH&S audits, recommendations and implementation
- Ongoing updates as and when changes occur to State or Territory regulation
- Premium forecasting, adjustment and reviews of past premium structures
- Responses to workers compensation queries and issues
- Support and advice in the event of compensation claims
Legal/Contract Review Services
Coverforce has an in-house Contract Lawyer who we utilise in relation to our Contract Review Services. We provide desktop advice in relation to Indemnities and Limitation of Liability, together with an Insurance Compliance review.
Our commitment extends to include a free contract review service as a value-add to our clients who are entering into contracts with principals. The review will involve reading and passing comment on the Indemnity clauses and Insurance Provisions within contracts. We are able to pass comment on whether you have the required coverage in place and whether your level of coverage is adequate. Risk mitigation is key.
While not providing legal advice, we can deliver an expert review of insurance and indemnity conditions. This, coupled with the legal review obtained on contract, represents an additional value to your business.
HBCF Insurance
Coverforce Insurance Brokers are one of the 24 remaining authorised HBCF distributors. We have a specialised central HBCF Service Hub that can assist with the following tasks:
- Lodgement of new applications for eligibility under the HBCF Insurance Scheme
- Notification of eligibility reviews, assisting you to respond and notification of the outcome.
- Eligibility profile changes. We can assist you in making changes to the type(s) of construction you do, or in increasing your job limit
- Submitting an application for a Certificate of Insurance (COI)
- Lodge notification of a completed project
In addition to this, Coverforce currently provides services to many other industries and sectors in the General Insurance and Life Insurance space.
Surety Bonds
Insurance Bonds can be provided to your clients as surety, and are a viable alternative to more traditional methods such as Cash or Bank Guarantees.
Typical Bonds that can be issued include:
- Contract Bonds
- Performance Bonds
- Bid Bonds
- Advance Payment Bonds
- Retention Release Bonds
- Maintenance Bonds
- Off-Site Materials Bonds
