Structural Defects Liability insurance was originally designed to be taken out by Commercial Builders in Victoria to support their registration. BRIC can negotiate cover Australia-wide. The policy covers legal liability arising out of Structural Defects in completed projects.
Whilst this insurance is no longer a statutory requirement of the Commercial Builder registration in Victoria, if you have previously purchased a Structural Defects policy, we recommend you continue to purchase the insurance to maintain ongoing cover for past and ongoing work.