Insurables — Australian business risk, sourced and dated

Builders: contract works requirements in Western Australia

Cover for the works under construction, materials and sometimes existing structures for the duration of a contract.

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Verified for Western Australia

  • Licence liability condition: Building contractor registration is assessed on financial capacity rather than insurance: the Board generally requires access to a minimum of $50,000 in cash or cash equivalent and a quick ratio of at least 1:1. Home indemnity insurance is separate and applies per residential job. WA · effective 2026-08-13 Consumer Protection WA · 2026-08-13
  • Licence evidence required: Applicants lodge the application form matching their business structure, a Management and Supervision Questionnaire and a Business Profile Information statement with financial information. No certificate of currency is requested. WA · effective 2026-08-13 Consumer Protection WA · 2026-08-13
  • Licensing body: The Building Services Board registers builders under the Building Services (Registration) Act 2011. The contracting class is builder contractor, available to an individual, partnership or company. WA · effective 2026-08-13 Consumer Protection WA · 2026-08-13

What contracts commonly ask for

Principals and head contractors set their own insurance requirements, and those are frequently higher than a licence condition. The requirement that binds is the higher of the two, and both have to be read from the actual document.

What this cover costs

This site publishes no cost benchmark for this cover. A benchmark needs a real sample of documents, and none is published until the sample is large enough to compute a median honestly. A benchmark from a handful of policies is a guess with a decimal point.

Sources