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Renovation contractor insurance, tailored for your business.
As a renovation contractor, your clients trust you to deliver stellar workmanship to realise their renovation dreams. However, if your renovation work fails to achieve the results your clients want, renovation contractors can face serious litigation issues. With Provide, you can tailor a policy that protects you, your employees, your customers, and the premises/equipment you use.
Get quick, tailored, and affordable cover with Provide.
Get Renovation Contractor Insurance
from just $250
- Public Liability Insurance
- Property Damage Insurance (protect client's property)
Save up to 25%
What types of insurance do renovation contractors need?
Cover | Explanation | Importance for interior design and renovation industry |
Covers negligence, errors and omissions, professional mistakes that result in faulty/defective works | Critical | |
Covers 3 main risks in one policy: – Damage to the client’s property during renovations – Injuries to third parties (e.g. members of the public) – Work injury compensation for your renovation staff | Critical | |
Covers medical expenses (e.g. hospitalisation and surgery) | Compulsory for foreign workers | |
Covers any faulty/defective construction work you perform that doesn’t meet client requirements | Compulsory for certain project tender agreements | |
Covers damage/breakdowns of renovation equipment (e.g. power tools, etc.) | Good to have |
Commercial property insurance
Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.
Public liability insurance
Public liability insurance will protect you from liability for injuries/property damage to third-parties.
Fidelity guarantee insurance
Source
Fidelity guarantee insurance will protect you from employees stealing from your business.
How much does renovation contractor insurance cost?
Cover | Coverage amount (example) | Typical premium |
$100,000 $1 million | From $500/year From $1,000/year | |
For a single project cover: Project value: <$250,000 Project value: <$500,000 For annual cover (multiple projects): $1 million | For single project cover: From $250/year From $450/year For annual cover (multiple projects): From $900/year | |
$15,000 (minimum amount legally required by MOM) | From $65/year per worker | |
$100,000 | From $900 (one-time payment, per bond) | |
$50,000 | From $400/year |
Save up to 25%
Why use Provide for renovation contractor insurance?
- Save up to 25% on your premiums
- Save time with our online platform to manage renewals, file claims, & more
- Insurance experts with 20+ years combined experience to provide tailored advice
- Available by phone 7 days/week