What type of Insurance is required?

Under the Building Act 1993, most people who carry out or undertake building work must be registered as Building Practitioners with the Building Practitioners Board and are required to carry the appropriate insurance/s. Building Practitioners are required to show proof of insurance when registering.

Domestic Builders Warranty Insurance

Builders Warranty Insurance is required under Section 135, Building Act 1993 by all Domestic Builders who enter into Domestic Building Contracts in which the contract price for the building work is more than $12,000. Insurance provides important protection for building consumers, in the event that a Builder dies, becomes insolvent or disappears, and can't finish the building project or fix defects.