Taking on a building or renovation project as an owner-builder can be rewarding, but it also means you carry the risks that would normally sit with a licensed builder. Unexpected events such as storms, theft, fire, or accidental damage can impact your project and your finances.
Owner builder insurance is designed to protect your construction works and provide liability cover while the project is underway. Our brokers can help you arrange the right cover quickly and at a competitive price, so you can move forward with confidence.
What does Owner Builder Insurance cover?
A typical Owner Builder policy includes two key areas of protection:
- Contract Works (Material Damage): Covers loss or damage to the building works, materials, and site improvements caused by events such as fire, storm, water damage, impact, vandalism, or theft.
- Public Liability: Protects you against claims from third parties for injury or property damage arising from your building project. This can include legal defence costs and compensation if you are found liable.
Who needs Owner Builder Insurance?
Owner Builder Insurance is generally recommended for:
- New home construction projects
- Major renovations or structural alterations
- Extensions or additions
- Projects where the owner is acting as the builder
Requirements may vary depending on your state, the value of the works, and the type of project being undertaken. Our team can help you understand your obligations and arrange appropriate cover before construction begins.
Other Owner Builder Insurances
In addition to Owner Builder Contract Works and Public Liability Insurance, our team are fully licensed insurance brokers and can assist with you with any other insurance products you may require including:
Personal Accident Insurance provides income protection for workplace related disability caused by accidental injury or sickness. A typical policy can provide replacement income, homemaker benefits, loss of life benefits and rehabilitation/return to work assistance.
If you are physically working on your project site, and/or having friends or family help with any of the work, you'll also need Voluntary Workers cover. A typical policy can provide financial compensation and cover for expenses in the event of accidental death or disablement of someone providing volunteer work.
Workers Compensation Insurance can also be an important consideration. It is administered differently between states however a typical policy can provide financial assistance to anyone you engage for your construction work in the event they sustain an injury or become ill from their work.
Owner Builder Home Warranty Insurance benefits the subsequent purchaser of your property, not you as the Owner Builder. The policy provides cover in the event that you as the Owner Builder die, disappear or become insolvent, and the building works are incomplete or defective.
How Westminster Coverforce Can Help
Our team of specialist insurance brokers are committed to providing clear guidance, practical risk advice, and tailored owner-builder insurance solutions to keep your project protected.
To get a quote, simply click below and complete the Owner Builder Quote form, and we’ll provide your personalised quote. If you have any further questions or need additional support, please don't hesitate to contact us.
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