Protect against your risk exposures with building and construction insurance
Building and construction is a major contributor to the economy and is the second largest industry in Australia. The nature of your work means that builders face a changing landscape of risk and liability and on any construction site there are a number of scenarios that involve significant potential risks for you, your business, your client and the wider community. With this in mind, it’s essential to have insurance cover in place to address your risk exposures.
At GSK, we understand the Australian building and construction industry at all levels. Our experienced team will analyse your risks and find a tailored insurance solution that will protect you and your business. Whether you need cover for a small job or a large commercial project, we can help.
What do you need to know?
At GSK, we begin with an expert analysis of your building and construction operations to assess the categories of risk that affect them. Our experienced brokers then identify specific risks and quantify them to tailor a package suitable for the long term protection of your business. We also ensure that your insurance arrangements are reviewed regularly as your business grows, as projects come and go, and as the legal and regulatory environment changes. If you have any questions, our focus on customer service means that you can speak to your dedicated broker. We also liaise directly with the insurer on your behalf at claim time for a stress free process.
Who should consider it?
There are a number of risks when it comes to having a business in the building and construction, and unexpected events such as loss, damage or theft of materials or natural disasters such as fire or storms can have a serious financial impact on your business. You also need to account for the physical safety of third parties, such as employees, which is essential given the higher risk of injury. Every project is unique and the type of insurance cover you require may evolve over time. If you’re not sure what level of cover you require, simply speak to GSK.
What can it cover?
Your building and construction insurance package will be tailored to suit the needs of your business. However, common forms of cover offered by GSK include:
- Single Contract Works
- Annual Contract Works
- Public Liability Insurance
- Environmental Liability
- Plant & Equipment
- Business Interruption
- Workers Compensation Insurance
- Builders Indemnity
What isn’t covered?
The exclusions that will apply to your building and construction insurance package will depend on your specific policy and it’s important that you understand the cover limitations. For more information, speak to your GSK broker.
At GSK Insurance Brokers, we offer flexible insurance cover which provides maximum protection for your business. Our team has decades of experience which means that we’re able to identify your risk exposures and provide appropriate cover at a competitive price.
For more information about building and construction insurance, contact GSK Insurance Brokers today.