Owner Builder Insurance

As an owner-builder, you’re taking on the responsibility of managing and constructing your own project. While this offers you greater control over the build, it also comes with risks that can have serious financial and legal consequences. Owner Builder Insurance helps protect you from these risks, ensuring that both you and your project are covered during construction.

Whether you’re renovating your home, building from scratch, or taking on a smaller project, this insurance is a must to safeguard your investment and your peace of mind.

What is Owner Builder Insurance?

Owner Builder Insurance (also known as Owner Builder Construction and Public Liability Insurance) is designed to protect individuals managing their own construction projects from a range of risks. This type of insurance helps safeguard your new build or renovation project, ensuring you are protected against unexpected incidents that could cause significant disruptions or lead to financial loss.

Owner Builder Insurance typically comprises two key sections:

• Material Damage: Material Damage cover protects an Owner Builder for losses caused by hazards such as fire, storm, impact, wind, and water damage, vandalism, and theft (including materials left outdoors). This ensures that your materials and property are protected against unforeseen events that could derail your project.
• Public Liability: Public Liability Insurance provides protection against third-party claims resulting from personal injuries and/or damage to property arising from your building project. Public Liability Insurance can cover both your legal costs to defend a claim and settlement costs in the event you are found legally liable.

Owner Builder Insurance is a vital safeguard for anyone taking on the responsibility of managing their own construction project. It ensures that you are protected against potential risks that could disrupt your project, cause financial loss, or lead to legal claims.

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