Insurance FAQs

Insurance built by Master Builders

Phone 1300 13 13 26

There are some common queries regarding insurance issues. Master Builders has developed a series of frequently asked questions (FAQs) and related fact sheets to provide general information and to assist builders, owners and trade contractors to understand some of the complexities surrounding various insurance matters.

Note: These fact sheets provide general information only and are not intended to be specific to any individual circumstances.

Whose responsibility is it to arrange insurance cover for pre-existing property during building and alterations works?

This question is regularly posed by both builders and property owners and the answer is quite simple: it is the responsibility of the property owner to effect and maintain insurance on their property, unless the building contract states otherwise.

Download the Insurance on pre-existing property during alterations works fact sheet.

Public liability insurance – how much cover do you need?

The amount of public liability insurance you carry can be vital to the survival of your business and you should consider a number of issues. No two businesses are the same and the best person to assess the needs of your particular business operations is you.

Download the Public liability insurance fact sheet.

What is the difference between public and products liability insurance?

Public and products liability insurance are insurances that provide protection for amounts you may become legally liable to pay for compensation in respect of third party personal injury or property damage, as a result of an occurrence in connection with your business activities.

Download the Public and products liability – the differences fact sheet.

Why do subcontractors need public liability insurance?

Subcontractors who operate their own business should also take out their own public liability insurance, as unless there is a specific provision in a builder's insurance policy, you are not covered.

Download the Why subbies need public liability insurance fact sheet.

Building defects – when and what does your construction insurance pay?

Builders sometimes expect their construction works insurance to pay for rectification costs of defective building work. Construction works insurance policies do not cover correction of defective building work and generally carry specific defects exclusions.

Download the Building defects and your construction insurance fact sheet.

Insurance for sheet piling works – have you checked the contractor's terms of engagement?

When taking on projects that include sheet piling works, builders should take particular note of some important conditions that may form part of the sheet piler’s terms of engagement. Several clauses that regularly appear in these contracts can impose some substantial obligations on the builder, the implications of which need to be fully considered and understood.

Download the Insurance for sheet piling works fact sheet.

Need more information?

Phone us to discuss your insurance needs or get a quote. You can also request a quote online or email us with a question.