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🏗️ Essential Insurance for Construction Projects – Protect Your Investment!
When it comes to construction projects, having the right insurance coverage is crucial for protecting both homeowners and builders. In this video, we break down the must-have insurances you need to ensure legal compliance and financial security. Don't take unnecessary risks—learn how to safeguard your project today!

🔥 Key Insurance Types Covered:
✅ Homeowners Warranty Insurance 🏠 – Essential protection if a builder becomes insolvent or major defects arise.
✅ Management Liability Insurance ⚖️ – Shields builders from legal and financial consequences of mismanagement or safety breaches.
✅ Contract Works Insurance 👷 – Covers all workers on-site against accidents and damages.

📢 Why Insurance Matters for Builders & Homeowners
🚧 Avoid legal & financial pitfalls
💰 Protect your project investment
⚖️ Stay compliant with regulations
🔎 Learn about key Victorian insurance bodies (VMI & QBE)

🏢 Top Resources for Builders & Homeowners
💡 Need extra guidance? Get checklists, legal compliance tips, and project planning resources at consumer.vic.gov.au

❓ Frequently Asked Questions
🔹 How does management liability insurance protect builders? Covers legal costs, fines, and financial risks due to safety breaches or mismanagement.
🔹 What is homeowners warranty insurance? A safety net for homeowners covering major defects or incomplete projects.
🔹 Why do builders need management liability insurance? Protects against negligence, employment liabilities, and project mismanagement risks.
🔹 What does contract works insurance cover? Ensures all workers are protected from injuries and site-related risks.
🔹 Who are VMI & QBE? Key Victorian insurance bodies ensuring builders meet legal insurance requirements.
🔹 Where can I find more resources? Check out consumer.vic.gov.au for compliance checklists and guides.

📢 Don't risk your project—protect it with the right insurance!

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🔗 #ConstructionInsurance #BuildersInsurance #HomeWarranty #ContractWorks #ManagementLiability