Our team at Smith & Lane understands the unique challenges and risks inherent in the construction sector. With years of experience serving clients across Australia, we possess unparalleled industry knowledge to customise insurance packages that meet the distinct needs of your projects.
From project inception to completion, we've got you covered. Our construction insurance offerings include coverage for contract works/property damage, liability, project-specific risks and builders warranty insurance in all states. We work closely with top-tier insurers to ensure your policies provide strong protection against unforeseen events, giving you peace of mind at every stage of your project.
At Smith & Lane, we believe in relationships, not just transactions. Our dedicated team takes the time to understand your specific requirements, project nuances, and risk tolerance. This personalised approach enables us to craft insurance solutions that align seamlessly with your business objectives, ensuring maximum protection without unnecessary costs.
While this policy covers the homeowner rather than the builder, this can be the most important policy that a builder has. Without a suitable eligibility limit, this can stop your business in its tracks. We work with builders in all states of Australia for their builders warranty requirements having an intimate knowledge of the underwriting criteria. We can talk you and your accountant through what is required and how you can achieve the higher limits you are seeking.
This type of insurance is extremely important for builders but is complex and should be sourced through a construction industry specialist. At Smith & Lane Insurance, we only deal with reputable insurers and have access to comprehensive covers at very competitive rates. We will analyse your business requirements ensuring you understand your exposures and seek the appropriate policy.
Plant and machinery insurance for a construction company provides protection against financial losses from damage or theft of heavy equipment like excavators and cranes. It covers repair or replacement costs, ensuring your project can progress uninterrupted. With construction sites prone to accidents and unforeseen events, this insurance acts as a vital safety net.
Professional indemnity insurance protects builders against the expenses associated with a negligence claim arising from an omission, action or advice that is believed to have caused financial loss to a third party. If a builder is alleged or found to be at fault, they can be personally liable for providing financial compensation to cover the third-party losses. The policy can cover the cost of defending a lawsuit, as well as any financial compensation awarded to the third party. Professional Indemnity insurance can provide an important financial safeguard. Settling or defending a claim can place your business under financial stress, which may jeopardise the quality of your work.
Tools of trade insurance for professionals and tradespeople covers the cost of replacing or repairing essential tools and equipment used in their work. This insurance is crucial for trades like carpentry, plumbing, or electricians, where specialised tools are essential for daily operations. It can protect against theft, damage, or loss, ensuring that individuals can quickly recover and resume their work without significant financial strain.
Commercial Legal Protection is designed to help SME businesses deal with unexpected legal issues not already covered by their other insurance policies. Intended to complement traditional SME policies, rather than substitute core insurance cover, the policy provides expert legal assistance when an insured really needs it and protects them from potentially crippling costs which will have to be incurred, regardless of any fault on the client’s part.
Sections of cover include:
