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“I never thought it would happen on my site.”
That’s what most builders say after facing a public liability claim.
Whether it’s a falling tool that damages a car, or a visitor who trips on your site – one incident can cost you thousands.
Last year alone, the average claim in Australia hit $84,000.
Let’s cut through the insurance jargon. Here’s what you’re really getting:
Different states have different rules. Here’s what you legally need:
| State | Minimum Required | What You Really Need |
|---|---|---|
| QLD | $20M | $20M minimum for QBCC |
| NSW | $5M | $10M+ recommended |
| VIC | $5M | $10M+ recommended |
| WA | $5M | $10M+ recommended |
Pro Tip: Most builders carry more than the minimum. Here’s why:
Let’s talk real numbers. Here’s what most builders pay:
| Your Annual Revenue | Typical Cost | What Affects the Price |
|---|---|---|
| Under $500K | $800-$1,500 | Basic residential work |
| $500K-$2M | $1,500-$3,000 | Mixed residential/commercial |
| $2M-$5M | $3,000-$7,000 | Larger commercial projects |
| Over $5M | Custom pricing | Complex project mix |
The Situation:
What Happened:
Why It Could Happen to Anyone:
The Insurance Response:
Lesson Learned: Even with best practices in place, accidents can happen. Without public liability insurance, this common situation could have cost the builder over $120,000.
The Situation:
What Happened:
Why It Could Happen to Anyone:
The Insurance Response:
Lesson Learned: Neighbour disputes can escalate quickly. Public liability insurance not only covered the costs but also provided professional dispute management.
If something happens, here’s your step-by-step:
✓ Broad building work coverage
✓ Automatic subcontractor coverage
✓ Property damage protection
✓ Legal defense costs
❌ Height restrictions under 10m
❌ Strict subcontractor conditions
❌ Limited site coverage
❌ High excesses
We’re builders’ insurance experts:
Let’s make sure you’ve got the right coverage at the right price. Contact iBuild Insurance for:
📍 Po Box 7180 Brendale Qld 4500
For most builders:
Your public liability insurance typically covers subcontractor incidents, but:
Yes, most policies include completed works coverage for:
It depends on:
Simply put:
For more inquiries, visit our FAQ section or Contact Us directly for personalised guidance.
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