Platinum Protection for Builders and Tradies
At Master Builders, we’re all about helping people in the building and construction industry grow stronger businesses. That’s why we’ve developed the Platinum Protection™ insurance products tailored specifically for builders and tradies. Backed by one of Australia’s largest insurers, Suncorp, we can offer you value for money, high-quality insurance protection.
Builders - Platinum Protection
A high-quality Construction Works & Public & Products Liability insurance policy with the option to add Plant, Machinery, Equipment and Tools cover.
Tradies - Platinum Protection
High-quality Public & Product Liability Insurance for tradies with the option to also add Construction Works &/or Tools, Plant & Equipment cover.
Platinum Protection™ for Builders
Platinum Protection™ for Builders provides Construction Works insurance and covers for physical damage and loss sustained to the contract work during its completion, including events like storm, flood, hail and malicious damage. It also includes $20,000 onsite cover for Plant, Machinery, Equipment and Tools and provides $20M Public & Product Liability protection for property damage or personal injury to third parties, where you’re deemed responsible.
Additional cover is available for Australia-wide Plant, Machinery, Equipment and Tools coverage for the replacement value of insured items whilst on site, in locked premises outside working hours, in locked vehicles (including fixed toolboxes) and trailers, and for collision damage.
Platinum Protection for Builders
Platinum Protection™ for Tradies
Platinum Protection™ for Tradies is a trade contractor’s insurance policy designed for a wide variety of trades. We can offer up to $20M Public and Products liability protection for third party personal injury or property damage, as a result of an occurrence in connection with your business activities, plus any approved associated defence or settlement legal costs.
There's also the option to add cover for Plant, Machinery, Equipment and Tools if needed. If you work as a Principal Contractor and are responsible for the contract works, you may also like to add the Platinum Protection™ Construction Works policy for physical damage and loss sustained to the contract work during its completion which covers events like storm, flood, hail, malicious damage.
Additional cover available for Australia-wide Plant, Machinery, Equipment and Tools coverage for the replacement value of insured items whilst on site, in locked premises outside working hours, in locked vehicles (including fixed toolboxes) and trailers, and for collision damage.
Platinum Protection for Tradies
What is Construction Works (Contract Works) insurance?
Construction Works insurance is designed to cover contract works in progress, should loss or damage occur during construction. Insurance can be arranged specifically for each project or as an annual policy covering all projects undertaken with the insurance premium paid on the total contract value of all works commenced during the policy period.
There’s no such thing as a standard policy, so builders should take particular care when taking out construction works insurance, as there are significant variations in the extent and quality of policies issued by different insurance companies.
With a Master Builder Platinum Protection policy, you get much more than just a standard policy. Learn about our Platinum Protection for builders and tradies and why our cover is the smart insurance choice you’ll be glad you made if the unexpected happens.
What is Public & Products Liability insurance?
Public and Products Liability insurance provides protection for amounts you may become legally liable to pay for compensation in respect of third-party personal injury or property damage, as a result of an occurrence in connection with your business activities.
Master Builders Platinum Protection policies give you high-quality insurance protection against these claims and also any approved legal costs incurred in defence or settlement of them.
Your liability insurance exposure is open-ended and getting the right Products Liability protection is important for claims that may arise at some time in the future, after completion of the project.
Learn more about the Master Builders difference for builders and tradies Public & Products Liability cover.
Other insurances
Tradies - Tools, Plant & Equipment
Tools, Plant & Equipment insurance for tradies gives you Australia-wide coverage for the replacement value of insured items whilst on site, in locked premises outside working hours, in locked vehicles (including fixed toolboxes) and trailers, and also for collision damage.
Other general insurances
Our team of building and construction insurance experts can also help builders and tradies with advice and cover options for:
Need more information? You can email our team to request a copy of the policies, which provides complete details of the insurance cover.
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