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Is Contract Works Insurance a legal requirement?

2 minutes

No, Contract Works Insurance is not legally required in most parts of Australia. However, it may still be required under certain conditions.

You might need it if:

  • Your building contract specifies that you must hold it
  • A principal contractor or developer requests proof of cover
  • A bank or lender requires it before releasing funds

Even when it is not compulsory, Contract Works Insurance is strongly recommended for builders, contractors, and owner-builders. It helps cover damage from fire, storm, theft, or accidental loss during construction.

Without this cover, you may be left paying for unexpected damage out of your own pocket. To learn more about this type of coverage, please contact us.