Contract Works and Liability Insurance provides asset protection for one of the largest industries in Australia. This policy class provides two separate products packaged together to provide maximum protection. Our focused, flexible, & fast service will help you protect your business with the best possible insurance protection. Let SHC help you with your Contract Works & Liability Insurance needs. Contact us to discover how SHC can help you with your insurance requirements.
Contract Works Insurance
Contract Works insurance is an insurance policy designed specifically to protect all the construction materials against loss or damage throughout the construction period. This part of a standard policy covers you for (but not limited to); Fire, Burglary, Malicious Damage, Flood, Storm and Tempest, etc. However being a client of SHC’s we recognise you require additional covers. Please note not all Contract Works policies are the same. Here is just a small example of the additional benefits you receive for no extra cost by buying from SHC:
- Broader business description to allow a diverse range of activities
- Extensive additional benefits at no cost (eg, removal of debris)
- Tools cover anywhere in Australia up to $20,000, discounts if less cover required
- Policy complies with all standard building contracts
- Existing property cover available
- No limitation on vibration or underpinning risks
- Liability protection on completed work
- Coverage of completed dwellings pending strata or handover
- Flexible payment options
Liability Insurance
This section of the policy provides protection for you against any financial loss or exposure to third party property damage and/or third-party bodily injury.
This is an extremely important policy, for if damages are awarded by the court, the judgment can easily strip you of all your assets.
Contact us today to assess the best Contract Works insurance package for your industry.
Call 1300 550 665 or use our contact us form.
Construction and Liability Insurance
Construction and Liability Insurance provides asset protection for one of the largest industries in Australia.
SHC is one of the largest brokers in Australia in the provision of Home Warranty insurance. Join the thousands of builders that access SHC’s expertise.
As one of the first brokers to offer this legislative product in Australia, SHC continually invests in improving access and delivery of this product to the building industry. For over 30 years, we have managed our clients through insurer collapses and countless legislative changes so we understand from experience the need to deliver correct and timely advice. If you need it fast and easy, you need SHC.
We are an integral part of the government advisory body who determines Home Warranty statutory regulations across Australia.
We offer:
- Easy and efficient policy issuance of certificates using Insurer direct access portals allowing better builder management of their Insurance.
- Access to all authorised insurers throughout Australia (excl QLD).
- As one of only 9 providers in NSW , we can provide insight into insurer’s philosophies and transparency in the review process.
- Service Level Agreements - guaranteeing you peace of mind.
SHC Home Warranty Essential Tips
SHC Licensed Builder Home Warranty service
serviceInsurance issued by the Home Building Compensation Fund (HBCF) in NSW
This insurance in NSW is issued by iCare HBCF, a NSW Government Statutory Insurer. To assist with understanding of the licensing, insurance and regulation of the scheme in NSW, we provide links to the relevant government agencies responsible for administration of each:
For builder licensing,
Licensed Builders Home Warranty Insurance Applications
Click on the MORE button to find the appropriate icare PDF Application form
SHC HBCF - HOW TO CALCULATE BROKER FEES
| ELIGIBILITY FEES (maximum) Excl GST |
| Fee | |
|---|---|
| New Eligibility Fees | $450 |
| Eligibility Review Fees | $450 |
| Builder Profile Change Fees | $450 |
| POLICY FEES: Broker fees are calculated on the base premium as per table below: |
| Rate | Fee | |
|---|---|---|
| C01 – New Single Dwelling | 16% | $150 |
| C02 – Multiple Dwellings Alterations/Additions – Structural | 16% | $150 |
| C03 – New Multiple Dwelling Construction < or = 3 Storeys | 7% | $150 |
| C04 – Single Dwelling Alterations/Additions – Structural | 16% | $150 |
| C04 – Single Dwelling Alterations/Additions – Structural ** Fee specific to Structural Bathroom renovations (incl waterproofing) | 16% | $150 |
| C05 – Swimming Pools | 16% | $150 |
| C06 – Single Dwelling Renovations – Non Structural | 16% | $150 |
| C07 – Other | N/A | N/A |
| C08 – Multiple Dwelling Renovations – Non Structural | 16% | $150 |
| C09 – New Duplex, Dual Occupancy, Triplex or Terrace Construction | 16% | $150 |
- An administration fee of $90 plus GST is charged for each project processed.
Example: What is the broker fee on a base premium of $2,000 for CO1 project ?
Calculation: $2,000 x 16% + $150+$90 = $560 (excl GST) $616 (incl GST) - The Broker fee is capped at a maximum of $7,000 + GST per project.
- Variations generating an increase in premium will attract a broker fee of 16% + GST on base premium.
- If a policy is cancelled the administration fee and broker fee will not be refunded.
- A cancellation administration fee of $90+ GST is applied if the project was originally processed through a different broker
Specialist Insurance Quotes
Don't get caught out without these covers!
Trades Insurance
Join the thousands of tradies to use SHC Insurance Brokers - a Trade Industry specialist for over 20 years! We will provide you with Quick Quotes and an easy way to pay and get issued your Certificate!
Owner Builder Insurance
Our Owner Builder quotation system allows you to get alternate quotes so you can review & decide which product best suits your needs.
The Contract Works & Public Liability policies provide a variety of options and pricing, all within the one simple application.
Latent Defects Insurance
1st for Australia – SHC has sourced this special product on behalf of its clients and the Australian construction industry.
Transfer Defects risk and rectification costs off your balance sheet to the insurance company
