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If you’re taking on complex construction projects in Brisbane, you know the stakes are high.
One oversight in your insurance coverage could put everything you’ve worked for at risk.
This guide will help you navigate the challenging world of high-risk construction insurance, ensuring your projects – and your business – stay protected.
Before we dive into insurance solutions, let’s be clear about what Queensland regulators consider “high-risk.”
Understanding this is crucial because it directly affects your insurance requirements and costs.
Under Queensland’s Work Health and Safety Regulation 2011, your project is considered high-risk if it involves:
| Activity Type | What It Means for Your Insurance | Real Impact on Premiums |
|---|---|---|
| Working at heights >2m | Enhanced liability coverage needed | 25-40% increase |
| Pressurised installations | Specialised equipment protection required | 15-30% increase |
| Tunnelling operations | Underground works coverage essential | 50-75% increase |
| Structural demolition | Additional third-party protection needed | 30-45% increase |
Before you spend a dollar on insurance, understand exactly what you’re up against. Here’s what you need to assess:
Project Analysis Checklist:
✓ What’s unique about your project location?
✓ Which subcontractors are involved?
✓ What’s your timeline through storm season?
✓ Where are your materials stored?
Different risks need different protection. Here’s what you really need:
Think of this as your project’s backbone. You need:
Pro Tip: Don’t just accept standard flood exclusions. With Brisbane’s weather patterns, you need proper flood coverage, especially for riverside projects.
This isn’t just about meeting QBCC minimums. For high-risk work, you need:
If you’re managing complex designs or using new construction methods:
Not all insurers are created equal. Here’s what matters:
| What to Look For | Why It Matters | Red Flags to Watch For |
|---|---|---|
| Local Claims Team | Fast response when you need it | No Brisbane office |
| Construction Expertise | Understanding of your challenges | Generic policy wordings |
| 24/7 Emergency Response | Support during critical incidents | Business hours only claims |
Smart ways to reduce premiums without increasing risk:
Your insurance isn’t “set and forget.” Protect your investment by:
The construction landscape is changing. Stay protected against emerging risks:
We’re not just insurance brokers – we’re construction specialists who understand Brisbane’s unique challenges:
Costs vary significantly based on project specifics, but typically:
Minimum requirements include:
Projects within flood zones require:
No. Standard policies typically exclude:
You could be liable for:
Typical timeframes:
Key documents required:
For more inquiries, visit our FAQ section or Contact Us directly for personalised guidance.
Your high-risk project needs more than just standard coverage. Contact iBuild Insurance for a comprehensive review of your needs:
📍 Po Box 7180 Brendale Qld 4500
This article provides information rather than financial product or other advice. The content of this advert including any information contained in it, has been prepared without taking into account your objectives, financial situation or needs. You should consider the appropriateness of the information, taking these matters into account, before you act on any information. In particular, you should review the product disclosure statement for any product that the information relates to it before acquiring the product. For more information please contact our office.
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