Smart Business Insurance
Level 11, 484 St Kilda Road Melbourne, VIC3004
$ Phone: 1300 542 573 info@smartinsure.com.au

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Eg. I.T. consultant, carpenter etc. or public liability, professional indemnity etc.

1300 542 573

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What is liability and professional indemnity insurance for the Construction Industry?*

Design and Construct professionals in the construction industry require suitable liability and professional indemnity insurance that provides cover for professional indemnity and public liability risks related to building design and construction industry.

For example, liability and professional indemnity insurance for Design and Construct professionals in the construction industry may include cover for losses arising out of acts, errors and omissions from building design services provided such as screening, selection, specification and supervision of builders and building materials *:

Why do Construction industry professionals need liability and professional indemnity insurance?*

Construction industry professionals need liability and professional indemnity insurance to cover for business risks such as incorrect advice, legal claims against you for the provision of project management and failure to perform essential builder and building materials related checks.

Suitable liability and professional indemnity insurance may provide Construction industry professionals with cover for the following claims:

  • civil liability
  • contractual liabilities
  • libel and slander
  • unintentional infringement for intellectual property
  • claims preparation
  • Breach of confidentiality
  • public liability
  • claims investigations costs
  • employee dishonesty
  • care, custody and control extensions
  • cross liability
  • indemnity to others

Note that Construction industry professionals can be held liable for the advice or the services they perform that may cause financial loss to a third party. As a result Construction industry professionals need professional indemnity insurance.

Furthermore, Public Liability insurance is a core cover for all Australian businesses - including for Construction industry professionals - to cover you against damage to a third person or their property.

If you are a Construction industry professionals looking for business and professional indemnity insurance please call 1300 542 573 to TALK to a SMART business insurance broker about a suitable policy at an affordable cost for your business.

What type of Construction industry professionals need business and professional indemnity insurance ?*

All construction industry professionals that charge a fee for advice or a service need business insurance and professional indemnity insurance.

For example, any construction industry professionals performing the following design and construct services need business insurance and professional indemnity insurance.

To talk to SMART business insurance broker about a suitable insurance policy for your Design and Construct business at an affordable price please contact us on 1300 542 573 or contact us online.

How much does Construction industry insurance cost?*

For some self-employed sole proprietor construction industry professionals, such as architects and building designers , professional indemnity and pubic liability insurance policy start from $770.

Construction industry professionals business insurance cost: from $1150 for $1 million professional indemnity PLUS $5 million public liability insurance (such as architects and building designers; other construction industry professional occupations may be higher)

Please note : pricing may vary significantly from the above based on your size, clients, experience and specific design and construct business activities (prices vary significantly for the different types of construction industry professionals; please review your specific occupation page for more detail if available )

Further, construction industry professionals working on large commercial projects, for councils and government typically represent greater risk; require greater limits and higher premiums.

For a construct industry professional indemnity and public liability insurance cost for your business TALK to a SMART Business Insurance broker on 1300 542 573.

How do I get a Construction industry Professional Indemnity Insurance quote?*

Depending on the nature of your construction industry professional activities, the size of your projects, the size and type of clients you service and whether you are a sole trader, or employ staff or sub-contractors, different insurance companies and underwriters are likely to provide suitable and affordable cover.

For a suitable and affordable business and professional indemnity construction industry insurance quote TALK to a SMART Business Insurance broker on 1300 542 573 or contact us online.

1300 542 573

TALK to a SMART Business Insurance adviser

Business Hours:

Monday – Friday 8.45 am - 6.00 pm AEST

*Important: Cover may be available subject to meeting insurers underwriting criteria. Some of the covers listed may or may not be available or may have limitations or exclusions. Cover inclusions vary significantly from insurer to insurer. DO NOT rely upon the above. Check your policy schedule carefully for inclusions and exclusions and limitations .Talk to a SMART insurance broker on 1300 542 573 for more information.