Home Builders Compensation Fund Insurance (HBCF)

Helpful Links

Building Contract Review Program (BCRP)

If you are a residential builder, you may be required to participate in the BCRP as a condition of obtaining eligibility with the iCare HBCF.

If you've already been assessed as eligible but you would like to change your eligibility profile, the BCRP may help you to develop the skills and experience required to take on larger and more complex residential building projects.

The BCRP assists new entrants to the building industry, as well as existing small to medium builders without demonstrated experience for proposed projects.

Find out how BCRP works and view a list of authorised BCRP service providers here.


iCare HBCF

iCare provides services to iCare HBCF in the administration of the Home Building Compensation Fund in accordance with section 10 of the State Insurance and Care Governance Act 2015. iCare HBCF provides insurance under Part 6 of the Home Building Act 1989 in accordance with section 8A of the NSW Self Insurance Corporation Act 2004.

iCare HBCF uses an outsourced service model with the insurance industry and engages the following:

  • Scheme Agents to assess HBCF Eligibility and complex project applications. The Current Scheme Agent is Corporate Scorecard.
  • Claims Service Provider to manage HBCF Claims. The current Claim Service Provider is Gallagher Bassett.
  • Distributors to liaise with builders and assist them in coordinating their eligibility and project requirements Coverforce is an authorised Distributor of HBCF.

Contact iCare HBCF.


NSW Fair Trading

NSW Fair Trading promotes a fair marketplace for consumers and traders by maximising traders' compliance with regulatory requirements. NSW oversees Contractor and Tradespersons licensing in NSW. You can visit NSW Fair Trading to verify a Contractor and Tradespersons licence.

Contact NSW Fair Trading.


SIRA

SIRA regulates motor accidents CTP insurance, workers compensation insurance and the home building compensation scheme in NSW.

SIRA has a tool HBC Assist which can help you find out whether your project needs HBCF.

Contact SIRA.


Independent Pricing and Regulatory Tribunal (IPART)

The Independent Pricing and Regulatory Tribunal (IPART) currently reviews the effectiveness and efficiency of the HBC scheme. More information about this review can be found on IPART's website. Recommendations from the IPART review of the Home Building Compensation scheme will be considered in the next iteration of the performance report.

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