If you’re a licensed builder, Builders Warranty insurance is a safeguard for you and your clients for some or all residential jobs. It’s a peace of mind for your customers if for some reason you don’t finish the job, become bankrupt or what you produce is defective.
Most consumers undertaking a major renovation or building job will want to know that their builder has Builders Warranty Insurance.
Builders warranty insurance is usually required when you’re building a house or undertaking renovations. Builders warranty insurance is mandatory in all states except for Tasmania.
Builders warranty insurance is designed to provide cover for you against incomplete or defective workmanship if the builder: