construction insurance

Helping builders, trades & professionals secure the best insurance

SEE Insurance (powered by SEE Business Solutions) has the goal of providing fantastic customer service when looking after you and your business’ insurance. We specialise in insurances required in the construction industry for complete coverage on any possible risks or liability that Builders, Trades and Suppliers are open to whilst conducting your day-to-day business activities.

We do whatever it takes to ensure we provide you with the best service, the best cover and the best rate, all whilst educating and assisting you with everything needed to achieve the best outcome.

Why work with SEE?

We act as an intermediary between our valued clients and all major insurance companies. Our role is to help you assess your insurance needs and to find the most suitable insurance coverage that meets your specific requirements and where possible, save you money.

Here are some of the services that we provide:

We analyse your business or personal situation to identify potential risks that need to be covered by insurance.

We research insurance products from multiple insurance companies to find the best coverage options for you.

We compare different policies and coverage options to help you make informed decisions about the insurance products you purchase.

We will always negotiate with insurance companies on behalf of you to obtain the best possible rates and terms.

We assist you in the event of a claim, helping you navigate the claims process and ensuring that you receive fair compensation.

We can provide advice on risk management strategies to help you reduce your exposure to potential losses and mitigate risks.

We provide ongoing support, monitoring your insurance needs and updating your coverage as needed.

Contract Works & Liability Insurance

Contract Works and Liability Insurance is a type of insurance policy that is designed to protect construction projects and the parties involved in them against risks associated with the construction works. In Australia, this type of insurance is often referred to as Construction All Risk (CAR) insurance.

Contract Works insurance covers the physical loss or damage to a construction project during the course of its construction. This includes loss or damage to the works, materials, tools, plant and equipment, and other related items. It may also cover consequential losses resulting from the physical loss or damage to the works.

Liability insurance covers the liability of the insured for third-party bodily injury or property damage that arises out of the construction project. This can include liability arising from negligence, errors, or omissions in the construction work.

Trades Insurance

Trades Insurance is designed for businesses that provide skilled services or manual labour, such as carpenters, electricians, plumbers, and other tradespeople. It is also sometimes called contractor’s insurance. Trades Insurance typically includes a range of different types of coverage, which may vary depending on the specific policy and the needs of the business.

Some common types of coverage that may be included in a Trades Insurance policy are:

This covers the cost of damages or injuries that a business may be held liable for, such as property damage or personal injury claims made by third parties.

This covers the cost of damages or injuries that a business may be held liable for, such as property damage or personal injury claims made by third parties.

This provides coverage for the cost of damages or injuries that may occur to employees while they are working for the business.

This provides coverage for loss or damage to the tools and equipment used by the business.

This covers the cost of damages or losses that may occur as a result of professional negligence or errors made by the business.

Business Pack (For Any Business)

Business package insurance is designed to provide a comprehensive package of coverages for businesses. It combines several different types of coverage into one policy, simplifying the insurance buying and management processes. This can be an important investment for businesses of all sizes, as it can provide protection against a range of risks and liabilities that may arise in the course of their operations.

These policies typically include several core coverages (which vary depending on a business’ specific needs) including:

This provides coverage for the physical assets of the business, such as buildings, equipment, and inventory.

This covers the cost of damages or injuries that the business may be held liable for, such as property damage or personal injury claims made by third parties.

This provides coverage for lost income or other expenses that may arise if the business is unable to operate due to a covered event, such as a fire or natural disaster.

This provides coverage for losses due to theft or other criminal acts committed against the business.

This covers the cost of damages or losses that may occur as a result of professional negligence or errors made by the business.

Depending on the policy, additional coverage options may be available, such as cyber liability insurance, directors and officers liability insurance, or employment practices liability insurance.

Latent Defects Insurance

Worried about your liability on your developments?
Imagine being able to receive a 10 year structural defects cover. Now you can!

If you are a developer who opts for Latent Defect Insurance, you will have the peace of mind knowing your project and your clients are protected against any structural defects for a full 10 years after it is completed. This means that if any defects are discovered during this period, the insurance will cover the cost of repairs or damages, saving you from a potential financial burden.

It is only possible to obtain LDI before construction has begun; therefore, it is essential to contact us as soon as possible

  • The risks associated with not securing sufficient protection is proving to be extremely expensive and involves considerable litigation exposure and risk to developers and builders

  • The initial outlay for LDI insurance is considerably less expensive

  • Perceived superior build quality from your clients when you offer the 10-year cover

  • Developers will gain a competitive advantage in the marketplace by offering consumers a unique selling point. This is supported by the 2022 McCrindle Study commissioned by the NSW Government, where 70% of consumers would invest in off-the-plan property if insurance was offered and they would pay more for that property if it had 10 year insurance.

  • The consumer’s concern with builders’ quality and their obligations is offset by the Latent Defects Insurance thanks to the peace of mind it offers with a 10 year cover

  • By taking out an LDI policy, developers can protect themselves from significant litigation risks and expenses related to structural defects

  • In the long run, LDI can save developers significant time, money, and resources that might otherwise be spent on costly litigation and repairs

The tables below explain the differences between the 2% Strata Bond and LDI.


Frequently Asked Questions

Contract Works & Liability differs from just Public Liability insurance in that it covers “Material Damage” risks that occur on the construction site (unexpected events that cause damage to materials and products used in your building projects).
To make a good comparison, it’s like the difference between Comprehensive Insurance and Third Party Insurance on your car – it’s more expensive but has more well-rounded coverage.

Contract Works insurance is essential for builders and tradespeople, serving as a safeguard, covering potential losses or damages to materials and work. Failing to have this type of insurance can expose you to various risks, including inconvenience, time delays, disputes, and potential financial loss in the event of material damage or theft. You can refer to the NSW Fair Trading website for more information.

Additionally, financiers may request a copy of the Builder’s Contract Works & Liability insurance and may require to be named on the policy. It may also be a contractual requirement to provide a copy of your insurance policy to your clients.

At SEE, we understand the urgency of obtaining insurance protection for your business. We are capable of arranging your insurance policy on the same business day, if required. By collaborating with the most suitable insurer based on your business situation, we can quickly secure the best policy!

There are various factors that could contribute to the rise in your insurance premium since the previous year, some of the main reasons are:

  • General pricing fluctuations: It is not uncommon for insurance rates to experience increases of up to 10% annually in recent years.
  • Changes in business circumstances: Alterations to your business situation, such as expansion or changes in industry risk factors, can impact insurance pricing.
  • Increased revenue projections: If you have declared a higher projected revenue for the upcoming 12 months, it can influence the insurance premium.
  • Insurance claims history: Any insurance claims you filed in the past year can affect the cost of your insurance coverage.

It is crucial to find an insurance provider that offers the best pricing for your specific business needs. This is where SEE can assist you in locating the right one!

SEE Business Solutions stands out for our highly personalised and service-oriented approach. When you contact us, you can expect to speak directly with Matt, who specialises in addressing all of your insurance inquiries. Matt engages with our valued clients all day every day, assisting with their insurance requirements. Our primary goal is to secure the best rates for your insurance coverage. In fact, we are committed to beating the renewal price offered by your current insurer, and if we fail to do so, we’ll happily shout you a beer!

See Business Solutions (602859) is an Authorised Representative of Savill Hicks Corp Pty Ltd. License number 240867.
SHC Financial Services Guide | SHC Complaints Procedure

We can guarantee a consistent voice from our business, giving you comfort that you will speak with professionals that care every time you call about your insurance

Chat with an Insurance expert

The team is run by our experts who live and breathe insurance everyday, whose philosophy is to make sure every builder gets the most hand held, personalised service possible. Whenever you contact SEE Business Solutions, you can be assured that you are speaking to the same people who understand your personal situation and business every time.

Give Matt a call on 02 4039 8578 or fill in our enquiry form and we’ll be in touch.