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Builders Insurance

There are plenty of risks that builders are exposed to every day. We can take all the safety precautions in the world, but unfortunately accidents can and do happen every day on worksites all over Australia.

For the risks that you cannot control, builders insurance is the best protection you can get. Having the right builder's insurance package in place can help to protect you, your business and your family from the financial impact when things go wrong.

What's included in builders insurance?

Builders insurance incorporates a range of different covers to protect you from a range of different risks. Each type of cover is separate, but can generally be bundled into one or two policies to help keep costs and paperwork to a minimum.

So what exactly comes under the builder's insurance banner? Let's take a look:

Public Liability insurance for builders

Public liability is one of the insurances most commonly taken out by builders. This is the cover that will protect you from being sued if something goes wrong on the worksite.

Public liability insurance will protect a builder against any damage that you may cause to someone's property or any injury or death that may be suffered as a result of your work.

The costs and financial impact of a public liability insurance claim can be huge, and in some cases can lead to bankruptcy, so it definitely pays to have this important insurance in place.

This form of builders insurance can be had from as little as $40 per month depending on the size of your business and the specific building work you undertake.

Tool insurance for builders

As a builder you rely on your tools in a big way, and without them there's not much building work that you could undertake.

If your tools were stolen, how would you feel about having to spend your own hard earned money on new tools? Thankfully builder's tool insurance can protect you.

Tool insurance for builders provides protection against your tools being stolen or accidentally damaged, and in many cases the insurance will provide new-for-old replacement of your gear.

Keep in mind that the coverage can vary from one insurer to the next, so it pays to use a broker who knows the building industry well, just like the one's here at Builders Insurance.

Income protection for builders

Some builders think that workers compensation will cover them if they cannot work, but unfortunately this type of cover can be pretty limited, and may not give you the level of protection that you need.

Income protection is a much more comprehensive type of cover, and will protect a builder's income regardless of whether the injury occurs on the worksite or away on the weekend. Income protection insurance will also protect your income in the event of illness, which workers comp will not.

If you cannot work you cannot earn an income, and that is why income protection is one of the most important types of builder's insurance available.

In the event that you are unable to work due to injury or illness, your income protection policy will pay you a monthly benefit until you are able to return to work or until you benefit period has ended. Benefit periods can be up to age 65 to provide full protection.

Life insurance for builders

As a business, building and construction is a very capital-intensive operation, and for that reason many builders carry a lot of debt for their business.

If you were to die, would your family be able to cope with all of your business and personal debts? Sure they would be able to sell some of your projects to recoup some money, but we all know that selling a partially completed development isn't exactly easy.

Life insurance takes away all of these hassles by paying your loved ones a lump sum in the event of your death that can repay all of your debts and provide a financial buffer to ensure they do not suffer.

TPD and trauma insurance for builders

TPD insurance is very similar to life insurance, but instead of paying out when you die, it pays out when you become totally and permanently disabled.

As far as your income earning potential goes, the sad reality is that it will be much the same for most builders regardless of whether you're dead or totally and permanently disabled.

Another important type of builders insurance is trauma cover. This type of insurance pays a lump sum if you suffer a critical illness such as stroke, heart attack or cancer.

The funds from trauma insurance can be used to cover medical expenses and to provide a financial buffer during a time that is likely to be very stressful. The funds can help you to concentrate on your recovery instead of worrying about money.

The importance of builders insurance

As we can see, there are many types of builders insurance, and each of them have an important role in protecting a builder from the risks both on the worksite and away from the worksite.

We all know as builders that things can and do go wrong, and without the right insurance in place you are leaving yourself exposed to some very serious financial consequences. When things do go wrong, you will see your builders insurance as the best investment you ever made.

And remember, some forms of builders insurance will be 100% tax deductible! Generally your public liability, tool insurance and income protection will be tax deductible, but your life, TPD and trauma cover will not be. We always recommend obtaining advice from your accountant.

If you're unsure about what types of builders insurance you require, or how much insurance you require, your best bet is to speak with a professional who knows the construction industry and can provide you with good honest advice that will provide you with good value for money.

Here at Builders Insurance we have access to a network of insurance professionals around Australia who specialise in insurance for builders and can help to get the right cover for your needs and your budget.

For more information please give our office a call or complete our simple online quote request.

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Income Protection

Public Liability

Builder's Pack

What makes us better?

1. Lower Premiums

Our team will work hard to find the best deal on your insurance. If you can find a better deal elsewhere, we'll do our best to match it.

2. Less Hassle

Our online systems allow you to get your quotes faster and get your cover in place with the least amount of hassle.

3. Big & Strong

We only use strong and reputable insurers for your cover, giving you peace of mind knowing that you'll be looked after at claim time.

4. Expertise

We're the experts when it comes in insuring builders. It's what we do, and we do it well.

5. No Call Centres

You won't be dealing with a random person in a call centre each time you speak with us. Instead you will be assigned to a single adviser or broker (depending on your needs) who will look after you.


Public Liability Insurance
Income Protection Insurance
Life Insurance
TPD Insurance
Trauma Insurance
Tool Insurance
Builders Warranty Insurance
Owner Builder Insurance


Builders Insurance Brokers


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