Master Builders Platinum Protection™
Our Platinum Protection Construction Works and Public & Product Liability policy for builders is the smart choice you’ll be glad you made if the unexpected happens.
At Master Builders, we’re all about helping builders grow stronger businesses. That’s why we’re offering you low standard excesses* and value for money premiums on an adjustable policy so you’re not caught paying excessive minimum deposit premiums. We also offer a variety of payment options to help you manage your cash flow.
Platinum Protection gets you:
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Standard Maximum Project Value of $2M
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Standard Maximum Construction Period and Defects Liability of 18-month*
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$20M limit for Public & Products Liability*
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Automatic on-site tools cover of $20,000* included in Construction Works
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On-going Product Liability protection for completed works while your policy remains in-force*
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Lower policy excesses as standard*
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Policy and payment options available*.
Supported by one of Australia’s largest insurers, Suncorp, our policy protection is designed to meet the specific needs of builders. Plus, we have a dedicated claims team to help you when you need it most.
Curious to see how your current insurance levels up?
Give our expert team a call for a no-obligation chat. Find out about our competitive, low excesses* and fair premiums.
We have had a long association with Master Builders and adopting their comprehensive insurance package. Our no claim record during our long trading history was tested with a rogue rain storm whilst replacing a roof on a large renovation job. In spite of best practice preparation and precaution, our project sustained extensive water damage. After consultation with the local Master Builders insurance representative, they facilitated the claims process, efficiently, prompt and comprehensive. This lessened the financial burden for our building company and provided appreciation and peace of mind for our client.
The superior cover for builders you can trust
Master Builder Platinum Protection™ is no ordinary construction works insurance policy. It’s designed to give you high-quality protection against loss or damage that may occur to your works in progress. It provides an extensive scope of insurance protection well beyond the coverage offered by most other construction works policies, with fair premiums and competitive, low excesses (subject to claims history).
Your jobs can be insured for a wide range of circumstances. This includes events such as theft, malicious damage, storm, flood, cyclone, tsunami, fire and bush fire, subsidence or landslip. Also included are provisions for resultant damage to correctly executed sections of the works caused by faulty design, plan, specification, materials or workmanship in other sections of the works.
The benefits
With a Master Builder Platinum Protection policy, you get much more than just a standard policy. With us, you will benefit from our Platinum Level insurance protection. Including an extensive range of exclusive policy features that are automatically included every time.
You'll also benefit from our bulk buying power of the Master Builders membership and specialist advice from experts in building and construction insurance.
Benefits include:
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A wide range of essential policy extensions at no extra charge
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Specialised plans for the housing and commercial sectors
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Flexible policy alternatives (project specific, monthly declaration or annual turnover)
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Automatic minimum cover allowances for plant, equipment and tools on site, works value variations, owner-supplied materials, professional fees, debris removal following insured loss, materials in transit, loss mitigation expenses, expediting costs, additional costs of reinstatement, off-site storage and fabrication
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Builders margin included in repair costs for insured losses.
We've made it easy for you, with quick turnarounds. Give us a call on 1300 13 13 26 to talk to one of our experts.
What it covers
What is Construction (Contract) Works Insurance?
Construction Works Insurance is designed to cover building works in progress, should loss or damage occur during construction. It can be arranged specifically for each construction project or as an annual policy covering all projects undertaken with the insurance premium paid on works turnover.
There is no such thing as a standard policy. Builders should take particular care when taking out construction works insurance. There are significant variations in the extent and quality of policies issued by different insurance companies.
Our Master Builder Platinum Protection Construction Works Insurance policy covers the following:
Public & Products Liability
Covering you for public and product liability, our Master Builder Platinum Protection Insurance policy covers:
*Subject to claims history.