Experts in builders warranty and construction insurance in Victoria
Whether you are an owner builder, contractor or large construction company, you will need cover such as Builders Warranty or construction insurance for your Melbourne business. At Arcuri & Associates, we are experienced in all areas of insurance for the construction and building industry.
Building and construction projects involve multiple stakeholders and are often undertaken on challenging sites. You also may need to deal with labour and materials shortages or theft of tools and materials. Subcontractors and suppliers can add extra stress for construction firms, as can the rising number of extreme weather events. Cybercrime is also an emerging threat to construction businesses. This often involves the use of insecure connections from mobile workplaces to share files and data with stakeholders outside the business.
Builders Warranty and construction insurance is imperative in order to safeguard yourself and your business. To discuss the options or for further information on Builders Warranty and construction insurance in Victoria, get in touch with our friendly team today.
Understanding your industry insurance
The language and contents of insurance policies, especially in the construction and building industry, can be incredibly overwhelming. Our team of highly experienced brokers are always here to help you understand what kind of insurance you need and why.
Builders warranty insurance in Victoria
As an owner builder or domestic builder you are guaranteeing the work you undertake. However, unforeseen situations can sometimes occur which is why Builders Warranty insurance is a legal requirement for domestic construction/building companies and has been specifically designed to cover your clients for the loss of their deposit or in the event you fail to start or finish a construction job or project. It also provides cover for defective work found on the completed building or project, because you would have to make the repairs at no cost to your client. No building work can be done without it and your obligation is to provide a copy of it to your client when they sign a contract with you.
Construction insurance in Victoria
Construction insurance has been specifically tailored for your protection as a building contractor or tradesperson and covers any damage and liability caused during your organisation’s construction projects. This includes accidental damage, theft or loss of onsite materials (building materials, tools, plant and equipment). Construction insurance also covers your legal liability if claims are made against you as a result of your work on site or they arise after the work is completed.
The importance of construction and builders warranty insurance in Victoria
The construction and building industry is a world existing with a myriad of unexpected and damaging liabilities, each with the potential to bring down even the most experienced companies in the industry. Construction businesses must often manage changes to scope or orders, poorly written contracts and specifications and complex project management issues. This is why it is crucial for any new or experienced builder/tradesperson to have Builders Warranty and construction insurance for their Melbourne construction works or building developments.
If you as a tradesperson or builder are operating without this crucial construction or Builders Warranty insurance in Victoria, you could find yourself liable to unwanted civil/commercial litigation disputes, which could ultimately result in the seizing your personal or business assets for liquidation, potentially leaving you bankrupt and destroying everything you have built.
Don't risk it. Get in touch with us today about building and construction insurance in Victoria
As a builder, you are highly skilled when it comes to construction but insurance may not be your area of expertise. All it can take is an unanticipated issue or incident which could ruin your reputation, cost you financially and you could lose your business. By making Arcuri & Associates your first choice in broker, you are able to utilise our expert advice and solutions to better protect your business and assets. With many years of professional experience and knowledge under the one roof, we can help you understand the finer details of your insurance, such as contract extensions and policy wording, ensuring you are protected in the best way possible. To see how we can help you with your Builders Warranty and construction insurance in Melbourne, get in touch with us today.