Commercial Structural Defects insurance is a product specifically designed to provide indemnity to Licensed Commercial Builders for any legal liability that arises due to a structural defect in a building they have completed.
Structural damage covered could include:
BRIC is currently one of the few providers in the market with direct access to this type of policy.
Coverage is triggered by the reporting of a claim, rather than the occurrence of the incident
Our long-standing relationship with Liberty Specialty Markets, an A-rated Australian Prudential Regulation Authority (APRA) approved insurer, allows us to provide you with competitive Australia-wide coverage
A Commercial Structural Defects policy can add tremendous value to your insurance program as a small to medium commercial builders and potentially protect you from severe financial stress.
BRIC, as a company of Honan Insurance Group Pty Ltd is now fully owned by Marsh Pty Ltd. To find out more, speak to your broker or read the announcement