Platinum Protection for Builders
At Master Builders Insurance Services, we’re all about helping clients in the building and construction industry grow stronger businesses. That’s why we’ve developed the Master Builders Platinum Protection™ insurance products tailored specifically for builders. Backed by one of Australia’s largest insurers, Suncorp, trading as Vero Insurance, we can offer you value for money with high-quality insurance protection.
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For Builders
Platinum Protection
A high-quality Construction Works & Public & Products Liability insurance policy with the option to add additional Plant, Machinery, Equipment and Tools cover, Pre-existing Property, Display Homes, Office Contents and more.
Platinum Protection™ for Builders
Platinum Protection™ for Builders provides material damage insurance covering physical damage and loss sustained to contract work during its completion. This includes events like storm, flood, hail, malicious damage and theft. With a $2M Maximum Project Value and an 18-month Maximum Construction Period as standard, you have more flexibility. $20,000 of onsite cover for Plant, Machinery, Equipment and Tools is also included for peace of mind.
The Public & Product Liability protection offers a $20M limit for property damage, or personal injury to third parties, where you’re deemed to be at fault. Your covered for sub-contractors on your projects and have industry leading protection for claims arising from defective, or faulty works.
Additional cover is available for Australia-wide Plant, Machinery, Equipment and Tools for the replacement value of insured items on, or off-site while in locked premises outside working hours, in locked vehicles (including fixed toolboxes) and trailers, and for collision damage.
The policy can also be extended to include Display Homes, Pre-existing Property, Office Contents and more.
Master Builders Insurance Services has developed this industry-leading product for members, in collaboration with Suncorp, trading as Vero Insurance. When advising on this product, Master Builders Insurance Services acts as an agent for Suncorp allowing us to response quickly to our customer's needs.
What is Construction Works (Contract Works) insurance?
Construction Works insurance is designed to cover contract works in progress, should loss or damage occur during construction. Insurance can be arranged specifically for each project or as an annual policy covering all projects undertaken with the insurance premium paid on the total contract value of all works commenced during the policy period.
There’s no such thing as a standard policy, so builders should take particular care when taking out construction works insurance, as there are significant variations in the extent and quality of policies issued by different insurance companies.
With a Master Builder Platinum Protection policy, you get much more than just a standard policy. Learn about our Platinum Protection for builders and why our cover is the smart insurance choice you’ll be glad you made if the unexpected happens.
What is Public & Products Liability insurance?
Public and Products Liability insurance provides protection for amounts you may become legally liable to pay for compensation in respect of third-party personal injury or property damage, as a result of an occurrence in connection with your business activities.
Master Builders Platinum Protection policies give you high-quality insurance protection against these claims and also any approved legal costs incurred in defence or settlement of them.
Your liability insurance exposure is open-ended and getting the right Products Liability protection is important for claims that may arise at some time in the future, after completion of the project.
Learn more about the Master Builders difference for builders and tradies Public & Products Liability cover.
Other general insurances
Our team of building and construction insurance experts can also help builders and tradies with advice and cover options for:
Need more information?
You can email our team to request a copy of the policies, which provides complete details of the insurance cover.