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In Australia’s dynamic construction industry, every project brings a unique set of challenges—rising materials costs, unexpected delays, on-site accidents, or theft of valuable equipment.
As a builder or contractor, you know that mitigating these risks is crucial not only to protecting your bottom line but also maintaining your hard-earned reputation.
At iBuild Insurance, we specialise in Construction Works Insurance solutions that safeguard every stage of your build.
With over 30 years of industry expertise and an unwavering focus on the building and construction sector, we provide tailored coverage that lets you focus on what you do best: delivering exceptional results for your clients.
Construction Works Insurance (sometimes referred to as “Contract Works” insurance) is more than a policy—it’s a strategic risk management tool for forward-thinking professionals.
Whether you’re a small operation laying foundations for new homes or a mid-sized company working on multi-level commercial developments, robust coverage ensures you’re not derailed by unexpected setbacks.
It pays to be proactive, turning potential financial and reputational pitfalls into manageable hiccups.
We tailor our solutions to a broad range of clients within the construction industry:
Small Builders (Turnover: $0-$250,000): You might be a sole trader or family-run business handling smaller residential projects. Construction Works Insurance can act as a safety net, ensuring that a single unfortunate incident doesn’t jeopardize your livelihood.
Mid-Sized Builders (Turnover: $250,000-$5 million): Growing businesses expanding into larger projects can benefit greatly from comprehensive coverage, allowing you to explore new markets, take on more significant contracts, and scale confidently.
Large Builders (Turnover: $5 million+): For established firms running multiple high-value developments simultaneously, tailored coverage ensures each project is protected, maintaining stakeholder confidence and strategic growth momentum.
Tradespeople & Sub-Contractors: Electricians, plumbers, and carpenters working alongside builders also find value in Construction Works Insurance, ensuring their contributions are safeguarded.
Our policies are specifically designed for the Australian construction landscape, reflecting local regulations, climate concerns, and market trends.
What’s Covered:
What Sets Us Apart:
No two projects are identical, and we believe your insurance shouldn’t be a one-size-fits-all solution.
Our brokers take the time to understand your business operations, risk tolerance, and growth trajectory.
After a thorough consultation, we recommend coverages that align with your workflow—ensuring you only pay for what you need.
Tailoring Considerations:
Scenario 1: Material Theft at a Residential Site
A small builder delivering a family home finds that expensive roofing materials disappear overnight. Instead of absorbing the loss, the builder files a claim and receives prompt compensation. The project continues without draining personal resources, preserving profit margins.
Scenario 2: Structural Damage After a Storm
A mid-sized firm working on a multi-unit complex is hit by severe weather, causing partial structural damage. Construction Works Insurance covers the repair costs and helps the project stay on schedule, maintaining the builder’s reputation for timely delivery.
Scenario 3: Equipment Vandalism on a Commercial Project
A large construction company experiences vandalism to essential machinery. Without insurance, unexpected equipment replacement costs could erode profits. Instead, the company is fully compensated and can immediately replace the damaged machinery, avoiding costly downtime.
Quality insurance is the foundation of a resilient construction operation.
At iBuild Insurance, we offer the expertise, industry connections, and client-focused support you need to succeed.
Contact us today to discuss a tailored Construction Works Insurance solution, and ensure your next project is built on a solid bedrock of financial security and trust.
Contact us at the Consulting WP office nearest to you or submit a business inquiry online.
While it’s not always a legal requirement, many principal contractors, lenders, and clients strongly encourage or mandate adequate insurance. Having this coverage can also give you a competitive edge in winning contracts.
Absolutely. We often bundle Construction Works Insurance with Public & Products Liability, Professional Indemnity, and other lines to create a comprehensive risk management solution.
Our brokers will work with you to estimate the full contract value (including materials, labor, and associated costs). Ensuring accurate valuations helps prevent underinsurance and provides peace of mind.
Flexible policy terms allow for adjustments. If you face delays or accelerate your schedule, we can modify coverage periods accordingly.
Have any Question? Ask us anything, we’d love to answer!
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iBuild Insurance Group Pty Ltd The Trustee for iBuild Insurance T/As iBuild Insurance
ABN 32 546 778 286 | ACN 652 794 940 | CAR 1293780.
Authorised representative of Community Broker Network Pty Ltd AFSL 233750 ACN 096 916 184.