Construction Insurance Brokers Gold Coast
Specialist Construction Insurance for Builders, Tradies and Developers
At Total Protection Insurance Brokers (TPIB), we believe that construction insurance should be something you buy once and just forget about. We're also aware that for builders, tradies, subcontractors and property developers, the way cover is structured can have a major impact when an insurance claim arises.
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Our specialist insurance brokers help businesses across the Gold Coast and Queensland to arrange practical insurance solutions for the real risks faced in the construction industry. We work with construction companies with turnovers up to approximately $50 million to secure the right cover for their operations, contracts and projects.
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Rest assured. If you're managing large construction projects, running a trade business, or developing residential and commercial sites, we won't just simply compare premiums. Instead, we'll focus our attention on finding the right coverage for you.
Who We Help
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Our business insurance coverage team specialises in arranging policies for the following:
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Residential and commercial builders
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Subcontractors and trade businesses
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Civils and Earthworks contractors
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Small to mid-tier construction operators
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New Constructions or renovations specialists
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Owner builders
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Property developers of all sizes (residential, apartment, townhouse, medium-density and commercial)
Insurance Solutions for the Construction Industry
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TPIB provide a range of specialised insurance products for a wide range of businesses in the building sector. They include the following:
Contract Works Insurance
Contract Works Insurance protects works in progress, materials, temporary structures and site stock. Specifically against property damage caused by theft, fire, storm, impact and other unexpected events. It does this while construction is underway and can be structured on either a Projects-Commenced or a Turnover basis.
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Annual or Project Specific?
Business Insurance Packs for Trades
Trade businesses often benefit from bundled business insurance solutions. Typically, they may include public liability, tools cover, portable equipment, commercial vehicles, business interruption insurance, theft and machinery breakdown protection.
Public Liability Insurance
Public Liability Insurance covers your legal liability should a third party suffer personal injury or experience third-party property damage arising from your business activities. This liability insurance is often required under contracts. It can be arranged as standalone cover or alongside contract works.
Principal Controlled Construction Policies for Developers
Property developers can arrange their own project-level cover rather than relying on contractors to arrange cover. These policies can provide greater consistency. They can also result in stronger risk management outcomes and improved control over project insurance requirements.
Products Liability and Completed Works Cover
Many builders don't realise their exposure continues after handover. That's why we offer products liability and completed operations liability to protect against claims arising from completed work. This includes injury or property damage claims that occur months or years later.
How to Structure Your Annual Contract Works Cover
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One of the most important decisions for builders is how their annual contract works insurance should be structured. Essentially, there are two primary options.
Projects Commenced Basis (Run-OFF)
This option is often suited to larger builders and contract-driven projects. Each project is declared separately, and cover remains in place for the life of the project, even if it extends beyond policy renewal dates. ( by agreement)
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The great thing about this structure is that it provides certainty. It also aligns well with contract requirements and reduces the risk of projects being affected by insurer changes. That said, it does require some additional administration and reporting.
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Turnover Basis (Transfer)​
Turnover-based cover is commonly used by trade businesses that are completing ongoing, shorter-duration jobs. Generally speaking, premiums are based on annual turnover and adjusted at the end of the policy period.
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This structure is usually simpler to manage and tends to offer more predictable costs. However, cover does rely on annual renewal. Subsequently, if market conditions change, claims increase, or insurer appetite shifts, then projects underway at renewal may face complications.
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Which Structure Is Right for Your Business?
The best option for your business really depends on a range of factors. The main ones are the size and duration of your project, your client contracts, and your overall insurance needs.
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Both Haydn and Sandi help clients understand the practical differences between the two structures. This enables them to choose the one that best suits how their business operates.
Your Risk Doesn't End When the Job Is Finished
Many builders assume their risk ends when they leave the site. However, in reality, some of the largest claims occur after project completion.
For instance, a balcony collapse, water ingress due to faulty workmanship, or an installation failure that causes injury can all result in significant legal action, repair costs, and financial losses. These claims may arise long after practical work has been finished.
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To counter such a scenario, Products Liability is critical. That's because while standard public liability insurance focuses on incidents during construction, completed works cover responds to claims that emerge after handover.
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Crucially, the wording of the policy is also very important. Indeed, a Broadform Liability policy can often provide broader protection than a standard combined policy. It is vital to understand these differences before a claim occurs to help avoid serious financial consequences.
Why Contract Alignment Matters
Many construction contracts specify minimum insurance requirements, policy limits and cover structures. However, using the wrong insurance policy can create problems before work even starts. One example is builders and subcontractors who may find themselves in breach of contract if their insurance doesn't meet required standards.
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TPIB reviews contract insurance clauses and provides insurance advice to clients. This helps to ensure that policies align with both your project obligations and contractual requirements.
Why Work With TPIB for Construction Insurance
Construction Experience
Our experienced team understands how construction professionals and trade businesses operate. We provide practical insurance solutions that reflect serious project risks.
Completed Works Expertise
Many businesses overlook Products Liability exposures. That's why we identify potential gaps and recommend suitable protection for completed works risks.
Policy Structure, Not Just Price
We help clients compare policy structures, which can be just as important as competitive pricing.
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We help you to understand any indemnity and insurance obligations you may have.
Direct Access to Your Broker
As Haydn Nichols and Sandi Luedi-Rossiter work directly with construction clients, you do not have to deal with call centres or handovers between account managers.
Contract Alignment
Know your obligations before work begins.
Try to avoid signing a construction contract without legal review it puts your business at huge risk