Insurance expertise for ASI members
Barrack Broking is listed in the Australian Steel Institute’s Industry Directory as a service provider to the steel industry. We support ASI members nationally from our offices in Sydney, Brisbane and Sunshine Coast, across every state and territory.
ASI membership spans fabricators, distribution centres and professionals, and the insurance needs differ across each. A steel fabricator carries plant, machinery and product liability exposure that a distribution centre extending trade credit does not, and an engineer or designer working with structural steel carries a different exposure again.
Insurance for the Steel Industry
Public and product liability is central to steel industry risk. A fabrication or design defect in structural steel can have consequences well beyond the immediate transaction, extending to the building or structure the steel becomes part of. Industrial special risk cover protects the plant, machinery and stock that fabricators and distributors depend on. Trade credit insurance is relevant for distribution centres extending credit terms to trade customers, protecting against the risk of a customer failing to pay. Professional indemnity is relevant for ASI’s professional members, engineers and designers whose advice or certification a client relies on. Contract works and workers compensation cover fabricators taking on installation or on-site work directly, rather than supplying steel alone.
More information about ASI membership and the work of the Institute is available at steel.org.au.
Why Barrack Broking
Barrack Broking has experience across manufacturing, construction and distribution businesses, and offices across the states ASI members operate in nationally.
We negotiate directly with insurers on behalf of clients, designing an insurance program to tailor coverage to each business’s activities and risk.
How Our Process Works
01. Understanding your operation
We establish what you do: whether you fabricate, distribute or provide professional services to the steel industry, and the specific risks that come with it.
02. A program built around that
We assemble cover that matches your operation, not a generic manufacturing policy with your business name inserted.
03. Negotiating the full terms
We approach insurers who understand steel industry risk and negotiate the terms of the policy before the premium is fixed, exclusions included.
04. Staying across it
When you take on a new contract, add equipment, or need to lodge a claim, we are already familiar with your policy and positioned to act.
If you operate a business in the steel sector, whether that’s fabricating, rollforming, distribution or engineering, you can find membership information and contact details on the ASI website.