We've got you covered
We make it easy for you to get the right insurance, with comprehensive insurance coverage to give you peace of mind.
Our team of building and construction insurance experts can also help with advice and cover options for:
- Commercial Motor, Motor Fleet and Trailer insurance
- Business Package insurance
- Professional Indemnity
- Personal Accident and Sickness
- Cyber Insurance
- Management Liability Insurance
- Surety Bonds
- Trade Credit Insurance
- Transit Insurance.
Commercial Motor and Trailer Insurance
We know how important it is to keep your business moving. Master Builders Insurance Services offers a range of solutions to cover your work cars, utes, trucks, trailers, plant and machinery. Commercial Motor or Motor Fleet policies can cover you for loss and/or damage, hire costs, downtime, and dry and wet hire of equipment.
Request a quote or call our specialist team to assist you in finding a cover to suit you.
Business Package Insurance
Business Package insurance bundles protection for key business risks and can be tailored to include cover for:
- Property damage at your business/office location
- Public and Product Liability
- Theft of money or property, including dishonesty by employees
- Damage to glass and specified property
- Business interruption
- Machinery or electronic equipment breakdown
- Legal action by employees (Employment Practices) and government (Statutory Liability)
- Tax audit by government.
Request a quoteMORE ABOUT BUSINESS INSURANCE PACKS
Cyber Insurance
Cyber crime is happening right now in Queensland, is your business exposed? Cyber crime is skyrocketing and is a major risk. You might be surprised of the numerous ways it can happen, and how fraudulent emails and invoices can look like the real deal. High-tech criminals are disrupting businesses both large and small. The cost and disruption to your business from a cyber attack or data breach can be significant, however cyber insurance can help you get back up and running, plus cover the costs to your business.
To safeguard your business, make sure your cyber insurance policy includes 'criminal cyber attacks' such as the 'BEC scam' and covers you for Criminal Financial Loss.
Examples of cyber attacks:
- Socially engineered theft
- Cyber espionage, extortion and theft
- Crimeware
- Payment card skimming
- Hacking
- Web app attacks
- Denial of services and distributed denial of services
- Point of sale intrusion
- Phone phreaking perpetrated against insured.
Why you need cyber insurance
Cyber insurance helps to fortify your business against:
- Losses to your business, such as the impact on business costs, cyber theft and damage to tangible property
- Losses to others, such as legal expenses, settlements or awards, damages, civil fines and penalties, and regulatory investigations (notifiable data breaches)
- Response costs associated with extortion, data restoration, customer notification and public relations.
Chat with our experts to get the right cover today.
Management Liability Insurance
When you’re running a business, you may be personally liable for any actual or alleged breaches of the Corporations Act. And it’s not just large companies that are exposed – small and medium business owners and officers could be at risk as well.
Management liability insurance covers the costs of defending directors, managers and employees against any claims that are the result of their actions or decisions.
If you’re faced with unexpected liability costs, management liability insurance can protect your business and personal assets, such as your home, from being sold to cover the cost of paying claims.
What it can cover
Management liability insurance policies vary in the benefits they provide. To give you an idea, here’s the type of cover that your policy may include:
| Type of cover | Potential benefits |
|---|---|
| Employment practice liability | Covers payouts for claims of employment breaches, such as wrongful dismissal, bullying or discrimination. |
| Directors’ and officers’ liability | Protects your proprietary limited company’s past, present and future directors, officers and managers against claims of wrongful acts, such as misrepresentation or breach of duty (subject to business size). |
| Crime | Protects your business against claims such as employee or third party fraud (not all criminal activity is covered). |
| Corporate liability | Covers costs that your business would incur if you need to defend and settle claims from outside parties alleging wrongful conduct, as well as investigation into the affairs of the company. |
| Statutory liability | Covers the cost of defence, fines and penalties under some statutes e.g. Work Health and Safety (fines under Work Health and Safety cannot be covered by insurance in NSW, VIC & WA). |
| Government Inquiry costs | Covers you for the cost of representation at government inquiries. |
| Defence costs | Covers your legal costs if your business ends up in court. This cover only operates when the underlying claim is covered by the policy. |
Surety Bonds
Free up your capital. Surety bonds are an effective alternative to bank guarantees and retention monies, with many benefits for building contractors.
Building contractors are increasingly turning to surety bonds as a financing option alternative to bank guarantees and retention monies. The purchase of surety bonds from a bond provider (usually an insurance company) can deliver many benefits for business operations, such as cash flow advantages and freeing up working capital.
Surety bond facilities are available for a broad range of project types and are an accepted form of security by most contract principals including local, state and federal government departments.
Trade Credit Insurance
Protect your business against bad debts.
If you’re selling goods or services on credit terms as a commercial trade contractor, you’re vulnerable to bad debt.
You’ve invested endless hours and hard-earned cash into your business. It’s your livelihood and we understand that no matter how small or large your business – the risks can be great and you need assurance to know you’ll be paid for your work.
Trade credit insuranceprotects your cash flow and business – giving you peace of mind that you’re covered if commercial customers fail to pay (the minimum requirement is a court judgment or insolvency).
Trade credit insurance* through Master Builders Insurance Services provides:
- Protection of your cash flow against commercial non-payment
- Independent assessment of your key debtors
- Early warning of non-payment risk, plus more.
Transit Insurance
We offer customisable insurance solutions for the transport of building relating cargo, accidental damage during transit, including loading/unloading, theft/non-delivery, fire, explosion, collision and overturning, plus more.
Ask us for a quote tailored to your needs.