Structural Defects Insurance

Commercial Building Structural Defects

This insurance is required under the Building Act 1993 (Victoria) pursuant to a Ministerial Order dated 20th April 1995. No other Australian State or Territory requires a similar type of insurance except Tasmania (which introduced essentially similar legislation effective 01/07/04).

The Ministerial Orders require commercial and industrial building contractors to effect a form of structural defects insurance on an 'annual claims' made policy basis as a pre-requisite to builder licensing by the Victorian Building Practitioners Board (BPB) or its Tasmanian equivalent.

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McKenzie Ross is an insurance broker specialising in advising company's on their business risk. We can provide you with a comprehensive review of your business risk and through our extensive reach in the Australian and international insurance market provide a tailored business insurance solution to suit your company's needs.