Articles, Guides, Checklists and Videos
Articles
Doing alterations or building a new house? Building materials inflation means you may be underinsured
Contract works (also known as builders risk) insurance insures your building work in case of accidental damage or loss. But in the current market, with prices on some key materials increasing by more than 50% in less than a year are you sufficiently insured?
Have you ordered materials early before a job starts? They may not be covered by the contract works insurance
Contract works insurance commences on the later of the date on the policy or when work starts on site. So, if you have bought materials early they may not be covered if work has yet to begin. With prices rising and supply chains stretched it’s tempting for builders to...
What Are All The Allowances In Contract Works Insurance About?
We sometimes have clients asking to remove the automatic allowances within contract works insurance, since they believe they are not relevant to their job. This is a bad idea! What are these allowances? These are the typical ones: Principal Supplied Materials Some...
Delays With Renovation & Alteration Projects – Make Sure the Homeowner Extends the Contract Works Insurance
With the market under pressure from all angles at the moment, there are plenty of projects running over their expected completion date. If you don’t remember to extend the contract works insurance then you risk not having cover if something happens after it expires....
Public Liability Doesn’t Cover Damage or Loss to Your Own Goods
Contract works insurance is intended to cover accidental damage or loss to the works being built. If you’re thinking that the damage should be covered by the builder’s public liability insurance, this is complicated. Public liability only covers your liability for...
If Work Stops On Site Your Insurance Might Stop Too
Contract works insurance includes a cessation of work exclusion, which says there is no cover if work has stopped on site for a certain period of time.
Videos
Guides & Checklists
Simple Risk Management Checklist
Use the checklist below to lower the odds of some of the most common risks faced by construction companies and tradies happening to you and your projects.
Key Risk Checklist for Builders
Work through the checklist to see how well you're managing the top 5 risks identified by builders. It's recommended to use the checklist for every job or project.
Building Contractor Risk Scorecard
Use this form to regularly assess key areas of risk. This will help identify trends in performance and indicate where action needs to be taken.
Easy Guide to Contract Works Insurance
Builtin’s Guide to Contract Works Insurance outlines some of the most important issues with this type of cover that builders need to be aware of when starting a new project.
Defective Workmanship Cover Explained
Defective workmanship—by you or your team—can expose you to thousands in liability, legal fees, and damages. Make sure you're properly protected.
Basic Tool Inventory for Builders
Use this table to work out how much your tools are worth and keep a record of them. You can save and update the list any time. You will be able to print a copy.
Builders Insurance Requirements Checklist
Use this form to check if there are any gaps in your insurance coverage compared to the areas of risk that you're exposed to.
Construction Project Risk Checklist
Use this form for each new job or project. It will help ensure you have covered off the most important tasks to mitigate risk to the project's success.
Construction Project Insurance Checklist
Every building project involves risk. The risk may be higher or lower, depending on a whole range of factors, and you will need to eliminate, isolate or minimise these risks.