Building Warranty Insurance for Tradespeople
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Registered builders, contractors and tradespeople must have domestic building insurance for all work over $16,000 (to cover you if they die, become insolvent or disappear). This is in addition to the builder's contractual obligations and warranties."
So, if a builder subcontracts out to a bricklayer and the bricklayers invoice is more that $16,000, must the bricklayer also have provided domestic building warranty insurance for the job and should the bricklayer be a registered building practitioner because the works are over $16,000.
Bricklaying is considered building works.
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8/02/2024
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Hi Suku18 In NSW the statutory required insurances are: 1. HBCF ( Home Building Compensation Fund) - This is if the builder dies or goes broke. But this only covers 20%…
20/03/2024
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I apologise for any confusion, but your understanding is correct. We approached our situation differently based on advice from…
7/11/2023
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i would not be signing anything on the day read your contract about when builder submits final invoice generally, have to meet builder within 7 days of receiving final…