Insurance for Builders
Cover built for registered building practitioners
Public Liability, Professional Indemnity, Tool cover and more!
Meets state and territory insurance requirements
Cover built for registered building practitioners
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What is builders’ insurance?
Builders’ insurance is the cover options available to registered building practitioners and construction trades to help protect their business finances and assets. It helps cover the cost of common risks—such as negligence claims, property damage, and lost tools—depending on the policies you choose.
Public Liability is the most common type of cover for builders. It is typically required to enter work sites and accept contracts. Professional Indemnity is also required for specific building trades to work in many states and territories.
Mistakes and accidents happen even to the best builders, but even a small error could create expensive bills for your business. That’s why many registered building practitioners choose business insurance to help them manage indemnity claims, on-site injuries, replacing damaged tools, and other unplanned bills.
Why do builders need insurance?
Construction work can be hazardous. Builders’ insurance can help you protect yourself, your clients, and your business.
Builders’ insurance can help you manage the cost of common claims. These may include completion delays, third-party property damage, replacing damaged stock and equipment, and many others.
Builders may need certain types of insurance to legally work in some states and territories. It may also be required by clients and site managers.
Meet state/territory legal requirements
Enter a jobsite
Lease a workshop
Work as a contractor or sub-contractor
Insurance requirements for builders
Builders must meet insurance requirements to become licenced and/or work in most states and territories in Australia.
- New South Wales – Registered building practitioners must hold “appropriate level” of Professional Indemnity insurance from 1 July 2026.
- Northern Territory – Building practitioners must hold a minimum of $1 million in Professional Indemnity insurance.
- Queensland – Must have a minimum of $500,000 to $5 million in Professional Indemnity insurance depending on class of licence held.
- Tasmania – Builders must have a minimum of $5 million in Public Liability insurance.
- Victoria – Specific building practitioner categories must have minimum levels of Professional Indemnity insurance.
- West Australia – Building engineering and building surveying contractors must have “appropriate” levels of Professional Indemnity insurance.
Who needs builders’ insurance?
Business insurance is essential for many types of builders, including residential builders, construction project management, property developers, and many more, like
Builders
Home Renovations or Alterations
Residential Building Construction
Construction Project Management
Commercial Building
Property Developers
House Construction (New Dwellings)
Duplex House Construction
Industrial Building Construction
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What types of insurance do builders need?
We offer a range of policies designed to cover your business, tools, and stock. Build an insurance package that suits your needs and buy in minutes
Popular cover types for builders:
Builders could also consider:
How much does builders’ insurance cost?
Business insurance for builders costs $132 per month*.
Factors influencing cost
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*BizCover’s Customer Average Monthly Payment Report is based on 1 July 2024 to 30 June 2025 and presented as a guide only. It may not reflect pricing for your particular business, as individual factors will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory Profession Requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to over yourself, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
Factors influencing cost
Risk of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*BizCover’s Customer Average Monthly Payment Report is based on 1 July 2024 to 30 June 2025 and presented as a guide only. It may not reflect pricing for your particular business, as individual factors will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to over yourself, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How It Works – Buying Online
5 easy steps to get instant cover online today
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5 Steps to get your biz insured:
- Enter Occupation
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- Choose Cover(s)
Select the cover you need
- Business Details
Tell us about your business
- Compare Quotes
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- Get Cover Today
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How To Make a Claim Online
We’ll assist you through the claims process & manage the claim directly with the insurer.
Let us know Fill out our
claims form and provide info
to support the claim
Receive extra support We
will assist you with your claim
Claim results We will notify
you of the claim outcome.
3 steps to get your biz insured:
- Let us know
Fill out our claims form and provide info to support the claim.
- Receive Extra Support
We’ll assist you with your claim.
- Claims Results
We’ll notify you of the claim outcome.
Award-Winning Tech & People
We’re not ones to blow our own trumpet, but we are pretty proud of our innovative insurance platform, outstanding team, and stellar workplace.
See How Much Others Have Saved By Purchasing a Policy Through BizCover
Colette
Disability Care Worker from
NSW
Saved
$1,200
on
Public Liability and Professional Indemnity insurance
Andrea
Beautician from
VIC
Saved
$1,500
on
Business insurance Pack and,
Public Liability and Professional Indemnity insurance
Deborah
Cleaner from
VIC
Saved
$3,600
on
Public Liability insurance
Lance
Electrician from
ACT
Saved
$800
on
Public Liability insurance
Stephen
IT Professional from
VIC
Saved
$1,500
on
Information Technology Liability insurance
Linda
Restaurant owner from
NSW
Saved
$1,000
on
Business Insurance Pack and
Public Liability insurance
^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
Yes, Professional Indemnity insurance is currently required for specific builder occupations in Northern Territory, Queensland, Victoria, and Western Australia. From 1 July 2026, registered building practitioners in NSW will be required to have Professional Indemnity insurance to work in the state, under the Design and Building Practitioner Act 2020.
Builders may need Public Liability insurance to enter jobsites or to work as a contractor or subcontractor for another business. A Public Liability policy may also be required to lease commercial office, workshop, or warehouse space. Builders in Tasmania must have at least $5 million in Public Liability cover to receive a builder licence.
Hear from our customers
Its so good and super easy
Scott A, Builder
More competitive prices
Barry C, Builder
Great Service. Thank you
Harry N. Builder
Great way to cover.
David G. Builder
Real-life customer reviews verified by Feefo