Construction and Building Insurance
Construction and Building Insurance
Construction and Building Insurance protects contractors, builders, and developers against risks associated with construction projects. It typically includes Contract Works Insurance (also called Construction All Risks), which covers accidental loss or damage to buildings under construction, materials on-site, and third-party liability. Whether you're a builder managing residential sites or a contractor working on commercial developments, this cover is essential to safeguard your project and meet contractual obligations.
Depending on the policy structure, Construction and Building Insurance can include coverage for tools, mobile equipment, public liability, builder’s liability, and existing structures being renovated or extended.
At Angelic Insurance, we help construction professionals compare insurance from leading providers to ensure coverage is tailored to project size, site risks, and contractual requirements. We provide general advice to keep you protected from ground-breaking to handover.
How It Works
We make it easy to get your construction projects covered with policies designed to meet licensing, lender, or client expectations.
Tell us about your project
We collect details such as project value, location, construction type, materials used, and expected timeframes to assess risk.
Identify cover requirements
We help determine the coverage type and structure needed whether for a single job, an annual construction policy, or owner-builder cover.
Compare quotes from top insurers
We assess policy wording, extensions, exclusions, and value to find options that meet your builder licence or contract terms.
Add essential extras
You can include cover for mobile equipment, tools, public liability, subcontractors, or materials stored off-site.
Activate your cover
Once approved, we finalise documentation and issue your Certificate of Currency so you can commence work or meet contract milestones.
Support throughout the build
We assist with policy updates if the project value changes or delays occur, and provide guidance if you need to make a claim.
Why You Need It?
Construction work involves constant exposure to on-site risks, weather conditions, theft, and liability. Insurance helps protect your materials, your client relationships, and your bottom line.
Covers materials and structures under construction
Protects partially completed works and construction materials on-site against fire, storm, theft, and accidental damage.
Insures tools and equipment
You can add cover for tools, hired equipment, and mobile plant used during the project.
Meets licensing and lender requirements
Most building authorities and finance providers require Contract Works Insurance before work begins.
Covers third-party damage and liability
If property is damaged or someone is injured due to your work, this cover protects your business from liability claims.
Provides peace of mind on-site
Focus on safety and quality knowing your investment and work-in-progress are protected from unforeseen risks.
How Angelic Insurance Can Help?
We understand the construction sector and work with a wide range of builders, contractors, and developers to provide flexible, competitive cover.
Cover from site prep to handover – Including delays, damage, theft, and subcontractor liability
Help with single-job or annual cover
We arrange both short-term policies for individual jobs and annual policies for builders who work across multiple sites.
Support for licensed builders and owner-builders
Whether you're managing subbies or building your own home, we help ensure your policy meets local regulatory requirements.
Compare specialist construction insurers
We compare policies from leading construction insurers to ensure solid coverage and competitive premiums.
Assist with documentation and compliance
Need proof of insurance for a lender, licensing body, or developer? We deliver fast turnaround on Certificates of Currency.
Claims support and policy changes
If your build is delayed or the project value increases, we help adjust your cover accordingly and assist with claim lodgement.
Challenges Businesses Face Without Construction and Building Insurance
Without the right cover in place, construction businesses face serious risk to their financial stability, legal standing, and professional reputation.
Costly delays after damage or theft
Storms or theft of materials can cause delays and extra costs. Without cover, replacement is entirely out-of-pocket.
Breach of contract or licence
Many contracts and licences require proof of contract works insurance. Without it, you risk fines or being barred from the job.
Personal liability for injury
If a subcontractor or third party is injured, legal action and compensation claims could be made against you personally.
Damage to neighbouring properties
Construction activities can accidentally damage nearby structures. Liability insurance helps protect your business.
Project abandonment after loss
Uninsured loss could prevent you from completing the job, affecting future tenders and your reputation in the industry.
Case Studies: How Construction and Building Insurance Helped Real Businesses
Case 1 – Storm damages timber framing
A heavy storm in Brisbane damaged roof trusses and wall frames on a residential site. The builder’s contract works insurance paid $36,000 for materials and labour.
Case 2 – Theft of site tools and equipment
A Melbourne building contractor lost over $18,000 in power tools and hired equipment from an unsecured site. The policy covered replacements and temporary hire costs.
Case 3 – Injury to pedestrian outside site
A member of the public tripped near a temporary site barricade. The builder’s public liability extension paid for medical expenses and legal fees totalling $24,500.
Frequently Asked Questions
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