In New South Wales (NSW), Builders Warranty Insurance acts as an important safety net for homeowners. The NSW HBCF scheme protects property owners against any financial loss that emerges from incomplete or defective construction work, in the event that their builder fails to complete the project.
At Barrack Broking, it’s our mission to take the mystery out of insurance so you can execute your building services while remaining compliant.
A valid HBCF insurance certificate ensures you can legally operate in NSW on construction projects that exceed the $20,000 threshold, including:
When navigating multiple active projects at one time, managing your open-job restrictions is critical. At Barrack Broking, we provide tailored guidance and insurance solutions.
Finding the right coverage is a multi-step process that depends on your financial circumstances and the projects in your pipeline.
Ready to get your business started with an assessment? Start the process online via our portal.
Start a QuoteYour broker will submit your financial history, experience, and assets to the HBCF to verify your eligibility profile and open-job limit.
Once your eligibility is verified by the HBCF, you request a certificate for each contract you take on.
To remain compliant, it's important to keep HBCF updated if a scope of a project increases by more than 20% during the construction stage.
A dedicated broker handles the technical lodgements, financial formatting, and direct negotiations on your behalf.
Estimating the cost of Builders Warranty Insurance depends on several shifting variables, including the project’s scope of exposures and the financial history of the builder:
With an expert broker by your side, we can ensure your financial statements are positioned to get the best of your eligibility profile and to help you secure the best premium rates in the market.
While Builders Warranty Insurance is comprehensive, understanding its limits ensures you know where your gaps are, so if a dispute with a client does arise, you know the scope of your protection.
Understanding the requirements of the Home Building Compensation Fund demands a deep, expert-led knowledge of local expertise and regulations. At Barrack Broking, we’re specialist insurance brokers in Sydney working with NSW Builders to streamline their approval pipelines. While based in Sydney, we also work across Australia, so wherever your project is based, we offer reliable advisory services and tailored insurance packages.
Reach out today to get started with Barrack Broking.
Our clients rely on us for strategic advice and dependable support.
We’ve always have such a great experience with Barrack Broking. Our Account Manager, Dale is incredibly friendly, easy to deal with, and genuinely attentive to everything we need. Nothing ever
thanks again Dale and Barrack for making the insurance renewal process so smooth and timely yet again
Had a great experience with Barrack Broking – Insurance Brokers Brisbane. The whole process was smooth, professional, and easy to understand. A big shoutout to Amiel – absolute superstar. He
Competitive premiums offered. Great service going over and above. I have peace of mind knowing the insurance policies are looked after by a wonderful highly experienced team. Can not be
Excellent Communication, and provide great options and competitive Premiums. Just a pleasure to deal with. Highly recommend this team to any business owner.
Extremely attentive, took real time to understand the business and saved us a considerable amount on our premium – highly recommended
As all businesses operate in an uncertain world, Barrack Broking is dedicated to delivering strategy, ideas and certainty to protect your business.
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