Property developers insurance safeguards developers from any financial losses that may occur throughout the lifecycle of a construction project.
It protects you as a developer from expenses relating to delays and disruptions, as well as material damage, third-party liability claims, and statutory breaches.
Generic insurance policies aren’t specific enough to meet the demands of your development project. With the multitude of risks you’re exposed to as you undergo your property venture, it’s important that you sufficiently prepare your enterprise for the worst case scenario.
Having Barrack Broking by your side means that if a claim or dispute does arise, your entire portfolio and/or business is not compromised, as you have adequate cover already in place.
We build robust risk-mitigation frameworks for a wide range of Australian industries.
To learn more about our holistic approach to our insurance solutions, take a look at our Who We Help page.
We regularly partner with a range of property developers, from small single-site projects to large turnover operations. This includes:
Risk is inherent in the property development industry where external factors can quickly derail a project. Critical exposures include:
Contractor and Builder Insolvency
If your contractors or builders become insolvent, your project will stagnate and you will have to deal with replacement and disruption costs.
Weather Extremes and Site Damage
Damage from fires, storm, or flash flooding that are out of your control, but can detrimentally impact your progress as well as your physical materials.
Third-Party Injuries and Property Claims
Property damage or bodily injury to members of the public can occur near your construction site.
Cost Blowouts and Delays
Escalating costs due to holding expenses, council delays, and disruptions to supply chains.
Defective Work and Design Errors
Structural and design faults may emerge during or post-construction that may result in legal claims.
Purchaser Disputes
Allegations of breaches in contract or project disputes can make you financially vulnerable.
Protection for third-party injury or property damage claims involving interactions with the general public.
Related insight: Public and Product Liability Insurance
Crucial when allegations arise regarding omissions and errors relating to any advice you’ve provided or professional services.
Related insight: Professional Indemnity Insurance
Industrial special risks insurance and contract works policies cover any physical loss or damage to your onsite materials and structures. This coverage is critical for construction companies as well as developers, as it protects your physical assets during the construction phase, where your project is most vulnerable to external factors such as fire, theft, and vandalism.
Related insight: Industrial Special Risk Insurance
Protection for directors, officers and senior management facing governance, employment practices or regulatory exposures.
Related insight: Management Liability Insurance for Australian Organisations
As your insurance broker for your property development project, we’ll handle more than just matching you to the right policy.
We’re dedicated to making our approach customised to your business, so we’ll identify the risks, your environment and your objectives to protect you successfully.
We have the market expertise and experience to access a wide range of insurers and secure you the best terms and conditions for your policy. So you can save time sifting through your options and go straight to the best one.
As a principal-owned business, we value maintaining high-quality service and connections with our clients. One of our directors of business will oversee our client matters to ensure that we’re there for you at every stage, including if you need to submit a claim.
To learn more about our localised expertise across Australia, take a look at our dedicated offices:
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.
"*" indicates required fields
