Construction
Builders Warranty Insurance — Meeting statutory warranty obligations
Cover designed to help meet statutory and contractual warranty obligations for eligible building projects.
What is Builders Warranty Insurance?
Builders Warranty Insurance (also known as Home Warranty or Home Building Compensation) is statutory cover required for certain residential building work.
It can provide protection for homeowners in defined circumstances such as the builder's death, disappearance, insolvency or licence loss.
Who this cover can suit
- Licensed residential builders
- Renovators and extension contractors
- Owner-builders where required
- Developers undertaking eligible residential work
Why businesses consider this cover
- The cover is mandated for many residential projects above a defined threshold
- Eligibility and project approvals depend on the builder's financial standing
- Compliance is required to enter into building contracts and obtain approvals
Typical features
Features and inclusions can vary between insurers and policies.
- Project-by-project certificates
- Eligibility assessment based on financials and experience
- Cover within statutory limits
- Defined trigger events such as insolvency or licence loss
How BLC Insurance Group helps
Your broker will discuss your operations, contracts and risk profile before approaching the market for Builders Warranty Insurance.
BLC Insurance Group compares wordings, limits and excesses across multiple insurers to help you select cover aligned to your business and risk appetite.
Speak with a broker
Speak with BLC Insurance Group about Builders Warranty eligibility and certificates.
Policy terms, conditions, limits and exclusions apply.
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