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Requirement for insurance: Home Building Compensation cover
Home Building Compensation (HBC) insurance is a must-have for any builder doing residential building work valued at over $20,000. You must be fully across what this coverage means for you and your project.
You may want to know what’s involved in taking out HBC insurance. When do you need it, and when are you exempt? When can an insurance claim be accepted? What happens if you’re doing work for an owner-builder?
This helpful fact sheet will answer all your questions and ensure you can confidently manage your HBC cover.
Access this resource now
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Who is it for?
Builders and other stakeholders in Australia
A deep dive on Home Building Compensation insurance, why and when you need it and how to manage insurance claims.
What does it include?
- When to get insurance
- Insurance exemptions
- What happens when you fail to take out insurance
- Building contracts and HBC cover
- Residential building work for an owner-builder.