If employers are not insured, you could be liable to pay the costs of any claim. you've hadyour licence suspended for failing to complywith a court or tribunal order to compensate them, or. Typical building replacement costs are provided by Cordell Information Pty Ltd (A.B.N. A builder or tradesperson should have contract work insurance. Provides essential cover when you're faced with legal action. Your contract must disclose the total amount of money that you had to pay for the cover (which may include brokerage, fees and taxes). In all states and territories except Tasmania, it is a legal requirement to have home warranty insurance in place for residential building work over a certain value. Select Construction Type C09 if new single dwelling includes an additional secondary dwelling (granny flat). You should also ensure that your contract permits you to adjust the contract price to recover any difference between the actual cost of cover and your estimate. Home warranty insurance obligations | Queensland Building and Claims are subject to certain limitations and some exclusions apply. Information on running trade promotional lotteries including authority, prizes, advertising, rules and record keeping. HIAIS is an authorised representative (no.275925) of Aon Risk Services Australia Limited (ABN 17 000 434 720 AFSL 241141) (Aon). So call us any time on 13 9684, and we'll help you get sorted. It is not personal advice. HIA Insurance Services specialises in delivering high-quality warranty services to the residential building industry.. Our team is one of the largest and most experienced teams in Australia and have demonstrated competence in delivering quality warranty services and effectively managing our client's business requirements through changing legislative environments throughout our 34 years in . 5 Information about the essentials of being part of the building and construction industry. Your customer can make a claim on your HBC cover if you're unable to complete building work or honour yourwarranty obligations, because: The State Insurance Regulatory Authority (SIRA) regulates the HBC scheme, and icare HBCF is the only insurer provider that offers HBC cover. The NSW government uses a complex model to ensure that your business is eligible for HBCF cover. Please contact us on 1800 762 878 if you require any further information. Research provided by Canstar Research AFSL and Australian Credit Licence No. Additional terms and conditions may apply to different features. Variations generating an increase in premium will attract a broker fee of 16% + GST on base premium. Calculators & Tools; Calculators; Mortgage Calculator; . . Here is a comparison of the different requirements, based on current government information: Home warranty insurance typically does not cover you if your builder has simply not completed the work, or not fixed defective work.
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