Building Indemnity Insurance, provided in South Australia by AssetInsure and QBE, is a statutorily required insurance product in most states for building contractors carrying out domestic building contracts.
This product is also called Home Warranty Insurance, Builders Warranty Insurance, Domestic Building Insurance, or DBI, with insurance criteria differing from state to state.
In South Australia, Webber Insurance is a sanctioned provider of Builders Indemnity Insurance, collaborating with both QBE and AssetInsure. Any domestic construction projects valued over $12,000 that mandate council approval will necessitate Building Indemnity Insurance.
You can gather more information from the South Australian Government via this link.