Insurance Built for the Risks Behind Every Build

Construction and building insurance is purpose-built protection for builders, trades, and construction businesses. It covers the structure you’re building, the tools and materials on site, your workers, and the third-party damage or injury claims that can surface at any stage of a project.

As Sydney’s leading business insurance brokers, CIG does the heavy lifting for you. We compare policies across Australia’s major insurers to find cover that matches your business with no gaps. Partner with CIG’s insurance brokers and lock into the right protection today.

What Is Construction and Building Insurance?

Construction insurance is a group of policies designed to protect people working in the building and construction industry against financial loss from property damage, liability claims, and project delays. A typical policy combines material damage cover, protecting the structure and materials during the build, with public liability protection for injuries or damage to third parties on or around the site.

What Does Construction and Building Insurance Cover?

Contract Works Cover

Covers physical loss or damage to the building works during a project, including materials on site and in transit.

Public Liability

Protection against third-party injury or property damage claims on or near the work site.

Plant and Equipment

Cover for tools, machinery, and equipment used on site against theft, accidental damage, or breakdown.

Home Warranty Insurance

Required in most states for residential builders. Protects homeowners if the builder cannot complete or rectify defective work.

Construction Legal Expenses

Covers legal costs arising from contract disputes or regulatory action.

Who Needs Construction and Building Insurance?

If you work in the construction industry, standard business insurance rarely covers the full scope of what can go wrong on a building site. You need cover built specifically for the risks that come with active construction, from structural damage mid-build to injuries involving workers and the public. Most contract principals and head contractors will require proof of insurance before you set foot on site. Below are the core construction businesses we help protect at CIG every day:

  • Residential builders and home renovation contractors
  • Commercial and industrial construction contractors
  • Subcontractors across all building trades
  • Electricians, plumbers, carpenters, and other licensed trades
  • Project managers and construction managers
  • Property developers undertaking new builds or conversion
  • Fit-out and refurbishment contractors

Whether you’re running a two-person trade business or managing multi-site commercial projects, the right construction insurance keeps you compliant, competitive, and covered.

How Our Broking Process Works

Detailed Assessment of Your Operational Risks

We start by understanding how your business operates. From residential builders managing multiple projects to commercial contractors handling large-scale developments, we assess your worksites, equipment, employees, subcontractors, contracts and potential exposures.

Compare Policies From Australia’s Top Insurers

We take your risk profile to the market and compare construction and building insurance options from Australia’s leading insurers and specialist underwriters. We break down your coverage, exclusions, limits and costs so you can make an informed decision.

Tailor Your Sums Insured & Limits

Every construction business faces different risks. We tailor your sums insured, liability limits, contract works cover and other policy conditions around the projects you undertake, helping prevent costly gaps or unnecessary cover.

Partner for the Long Term

Unlike traditional brokers, we don’t disappear once the policy is placed. When something goes wrong, we advocate for you through the claim, and as your business grows, we adjust your protection to keep pace.

Ready to get started? Get in touch with a CIG broker today.

Construction and Building Insurance FAQs

What is construction insurance?

Construction insurance is a set of policies that protect builders, contractors, and trades against financial loss from property damage, liability claims, and project delays during building work.

What does building insurance cover?

It typically covers the building works, materials on site, public liability, tools and equipment, and legal expenses. Home warranty cover may also be included for residential builders.

How much cover do you need?

Cover levels depend on project value, contract requirements, and the trades involved. A broker can assess your exposure and recommend appropriate limits.

Do you need a single or annual contract works policy?

A single policy suits one-off projects. An annual policy is more cost-effective for builders running multiple jobs throughout the year.

What isn’t covered by construction and building insurance?

Common exclusions include wear and tear, faulty workmanship (the cost to redo the work itself), pre-existing damage, and events not listed in the policy schedule.

Construction and Building Insurance Starts with CIG

Keep your business moving, no matter what happens on the job.

Your projects, property, equipment and crew keep your business moving. A damaged building, workplace accident, property loss or liability claim can quickly turn into costly delays and disruption.

Protect your business today with tailored protection by speaking to an experienced CIG insurance broker today and lock in the right cover.

Curious about Construction and Building Insurance?

Speak To One Of Our Brokers Today