Auswide Insurance Brokers

  Builders Risk Insurance is a specialized property insurance policy designed to protect buildings, structures, materials, and equipment during construction or renovation phases. It safeguards against unexpected events like fire, theft, storms, or vandalism that could otherwise lead to major financial setbacks for project stakeholders.​ Why It's Essential Construction projects face unique vulnerabilities, from natural disasters to on-site accidents, making this coverage a critical safety net for owners, contractors, and developers. In regions like Sydney, where unpredictable weather and rapid development amplify risks, policies like this ensure projects stay on track and within budget. Key Coverages Typical Builders Risk policies protect against: Damage to the structure from fire, floods, earthquakes, or windstorms. Theft or loss of materials, machinery, and temporary fixtures. Third-party liability for property damage or injuries tied to construction activities. At Auswide Insuran...

Choosing the right home and contents insurance in Australia protects your biggest asset from risks like floods, bushfires, and theft. This checklist, drawn from expert guidance, ensures comprehensive coverage tailored to your needs. Assess Your Needs Start by inventorying your home's rebuilding cost and contents value, including photos and receipts for accurate sums. Factor in local risks such as flood zones or bushfires, and align coverage with your budget and risk tolerance. Accurate valuation prevents underinsurance, covering replacement at current prices rather than depreciated values. Understand Policy Types Opt for building insurance to repair structures like walls and roofs, and contents insurance for belongings like furniture and electronics. Add options like accidental damage, flood cover, or valuables protection for high-risk items. "New for old" replacement beats market value payouts, easing claims. Compare Providers Research insurers via websites, customer rev...

  When building your dream home or undertaking major renovations, protecting your investment is paramount. Builder’s Home Warranty Insurance, often known as HBCF (Home Building Compensation Fund) Insurance , is a crucial safety net that every homeowner should understand. At Auswide Insurance Brokers, we’re here to guide you through this important aspect of home building protection. What is Builder’s HBCF Home Warranty Insurance? Builder’s HBCF Insurance is a specialized insurance policy designed to protect homeowners if their builder cannot complete or fix defects in their residential building project. This insurance is typically mandatory in many Australian states for builders to obtain before starting work on projects above a certain value. It covers you in cases where the builder: Dies or disappears Becomes insolvent or bankrupt Fails to complete the building work Does not fix defects within the warranty period Why is it important? Building or renovating a home is a significant ...

  Builders need liability insurance to protect themselves and their businesses from the financial risks associated with accidents, injuries, and property damage that can occur during construction work. Liability insurance, including public liability and employers' liability insurance, helps cover the costs of compensation claims, legal fees, and damages if a third party such as a client, visitor, or employee suffers injury or property damage due to the builder's work. It also safeguards builders against claims from clients who allege receiving incorrect advice or negligent service, through professional indemnity insurance . Legal and Financial Protection Builders are legally required to have employers' liability insurance if they employ workers, protecting against compensation claims related to work injuries. Public liability insurance, although not always mandatory, is strongly recommended because construction sites inherently involve risks to both workers and the public....

  Small businesses work hard for every dollar, so the last thing owners need is to waste time or overpay when getting insurance quotes. Auswide Insurance Brokers is dedicated to making the process simple, transparent, and genuinely helpful for small businesses that deserve more. Common Hassles with Insurance Quotes Many small business owners cite the process of getting insurance quotes as confusing and frustrating. They often run into complex forms, minimum premiums that feel unfair, and long waits for responses from insurers. For solo consultants or startups, facing a required minimum premium of $500–$1,000 just to get started can feel overwhelming. Time-consuming comparisons between providers mean business owners either settle or feel stuck at renewal time, diverting focus away from running their business. Why Small Businesses Get Overlooked Smaller businesses pay higher premiums and sometimes end up with insurance that isn’t tailored to their needs because many brokers lack exp...

  Home Warranty Insurance is an essential safeguard for homeowners in New South Wales , ensuring protection against financial loss due to incomplete or defective residential building work. If you're embarking on a building project valued at over $20,000 in NSW, understanding Home Warranty Insurance—formally known as the Home Building Compensation Fund (HBCF)—will help you secure your investment and peace of mind. What is Home Warranty Insurance (HBCF)? Home Warranty Insurance (HBCF) is a mandatory safety net for homeowners in NSW. It provides cover if the builder or tradesperson is unable to complete the work due to insolvency, death, disappearance, or licence suspension, or if you’re unable to recover costs for defective work . This insurance must be obtained and evidenced before any residential building work starts or any project payments, including deposits, are made. Who Needs Home Warranty Insurance? Licensed builders and tradespeople undertaking projects over $20,000 in NSW ...

  In the construction industry, every project comes with its fair share of risks. Whether it’s a residential renovation or a large-scale commercial build, unforeseen accidents and property damage can happen in the blink of an eye. For builders, Public Liability Insurance isn’t just a box to tick—it’s a vital layer of protection that keeps your business secure when the unexpected strikes. What Is Public Liability Insurance? Public Liability Insurance is designed to protect builders and tradespeople against the financial impact of claims made by third parties. This includes compensation for injury or property damage that occurs as a result of your business activities. For example: A visitor trips over building materials on your site and suffers an injury. A subcontractor accidentally damages a client’s existing property while working. A member of the public is hurt by falling debris near your construction zone. Without adequate insurance, these incidents could lead to expensive lega...