Silverback Insurance

03/05/2026

Most builders have Contract Works and Public Liability insurance.

Not all of them have the right cover.

Here's what we see going wrong — and what to do instead:

✅ DO: Declare the full contract value
Underinsuring is the most common mistake. If you understate the value, your insurer can reduce your payout proportionally. Always insure for the full reinstatement cost.

❌ DON'T: Assume your subbies' Public Liability covers you
Their PL protects them — not you. If an uninsured subbie causes damage or injury on your site, that claim flows back to your policy. Collect a certificate of currency from every sub before they step on site.

✅ DO: Notify your insurer when scope changes
Added a level? Extended the timeline? Changed the contract value? These are material changes. Failing to notify can void your cover entirely.

❌ DON'T: Leave the site unprotected between stages
Contract Works policies often have strict occupation conditions. Gaps in occupation can mean gaps in cover. Know what your policy requires between stages.

✅ DO: Extend cover before the project end date
Cover doesn't automatically extend when a build runs over time. A delay can leave you with an expired policy on an unfinished project. Call your broker before it lapses — not after.

❌ DON'T: Underinsure on reinstatement value
Always insure for the full cost to rebuild from scratch — not market value, not land value. Underinsurance is a claim waiting to hurt you.

One conversation with the right broker can close all six of these gaps. That's what we do at Silverback.

👉 www.silverbackinsurance.com.au
📞 0410 152 835



—
General advice only. Does not consider your individual circumstances. Terms, conditions, limits and exclusions apply. Consider the PDS before deciding.
Silverback Insurance CAR 1283436 of Australian Broker Network AFSL 253131

02/05/2026

Here's a scenario we see too often in construction.

A builder's Contract Works policy lapses 11 days before a storm hits the site.

He wasn't uninsured. He just thought he was covered.

That's not an insurance problem. That's a risk management failure.

Here's what we see constantly:

❌ Underinsuring project values to save on premium — the average clause kicks in and the payout gets slashed proportionally

❌ Subcontractors on site with no independent Public Liability — the head contractor wears the claim

❌ Policies that exclude vibration damage to neighbouring properties — discovered only when the excavator goes in next door

❌ Annual policies auto-renewing without anyone checking if the coverage still fits the work

❌ Builders assuming their policy automatically covers existing structures during renovations — this is assessed case by case, and it's something we check for every client

Insurance is not a "set and forget" product. Especially not in construction.

At Silverback Insurance, we sit alongside builders as a risk management partner — reviewing contracts before you sign, identifying coverage gaps before they become claims, and making sure your policies actually respond when something goes wrong.

Because the worst time to find out your policy doesn't cover you is the day you need it.

📞 0410 152 835 | silverbackinsurance.com.au

General advice only. Does not consider your individual circumstances. Terms, conditions, limits and exclusions apply. Consider the PDS before deciding. Silverback Insurance CAR 1283436 of Australian Broker Network AFSL 253131

02/05/2026

Here's a scenario we see too often in construction.

A builder's Contract Works policy lapses 11 days before a storm hits the site.

He wasn't uninsured. He just thought he was covered.

That's not an insurance problem. That's a risk management failure.

Here's what we see constantly:

❌ Underinsuring project values to save on premium — the average clause kicks in and the payout gets slashed proportionally

❌ Subcontractors on site with no independent Public Liability — the head contractor wears the claim

❌ Policies that exclude vibration damage to neighbouring properties — discovered only when the excavator goes in next door

❌ Annual policies auto-renewing without anyone checking if the coverage still fits the work

❌ Builders assuming their policy covers existing structures during renovations — it doesn't

Insurance is not a "set and forget" product. Especially not in construction.

At Silverback Insurance, we sit alongside builders as a risk management partner — reviewing contracts before you sign, identifying coverage gaps before they become claims, and making sure your policies actually respond when something goes wrong.

Because the worst time to find out your policy doesn't cover you is the day you need it.

📞 0410 152 835 | silverbackinsurance.com.au

General advice only. Does not consider your individual circumstances. Terms, conditions, limits and exclusions apply. Consider the PDS before deciding. Silverback Insurance CAR 1283436 of Australian Broker Network AFSL 253131

20/04/2026

10/04/2026

Australia and NZ Elite Broker Award 2026

09/04/2026

Australia and NZ Elite Broker Award 2026

05/04/2026

This Easter we celebrate the ultimate triumph! Matt 28:6

We are given a powerful truth that ushers us into a living hope — a hope that overcomes every challenge, renews our strength, and sustains us no matter how difficult the situation. Whether facing health struggles, career setbacks, or supporting those impacted by calamity, this hope remains steadfast, and encourages us to continue believing in a brighter future.

This Easter, I pray for world peace, and for everyone to get along so we can get on with life and focus in growing our businesses.

21/01/2026

Top 5 Contractor Management Problems and how to Fix them!

Problem 1. Not verifying insurance coverage
Fix: Silverback Insurance brokers provides strategic subcontractor insurance verification services, ensuring subcontractors' policies (such as Public Liability) are current, valid, and sufficient before work begins. Their advisory includes thorough checks and Procore integration for seamless, automated verification — preventing gaps that could expose the principal builder to liability.

Problem 2. Relying solely on pre-qualifications
Fix: Pre-qual alone isn't enough — Silverback Insurance brokers emphasises a layered, risk-based approach by combining pre-qualification with ongoing insurance verification and compliance monitoring. They advise on contract mandates and use Procore-synced tools for real-time tracking, alerts, and dashboards, saving builders significant time (up to 25 hours per project) while ensuring comprehensive protection beyond paperwork.

Problem 3. Ignoring policy limits and policy gaps
Fix: Silverback Insurance broker's expert brokerage analyses top providers to source bespoke policies (e.g., Contract Works + Public Liability) tailored to your project's specific risks. Their advisory identifies and closes coverage gaps, including policy limits, exclusions, and alignment with prime contracts — ensuring no hidden vulnerabilities in subcontractor arrangements.

Problem 4. Failing to monitor updates
Fix: Through Procore integration and ongoing risk management advisory, Silverback Insurance brokers enables real-time monitoring of policy updates, expirations, and changes. Automated alerts and dashboards keep builders informed of any lapses or renewals, reducing the risk of uninsured incidents during projects.

Problem 5. Neglecting additional insured status
Fix: Silverback Insurance brokers guides builders on structuring contracts to include additional insured endorsements on subcontractors' policies. This adds an extra layer of protection, ensuring the principal builder is covered under the subcontractor's Public Liability insurance for claims arising from their work — a key risk mitigation strategy they incorporate into their compliance advisory.

31/12/2025

Happy New Year 2026!

In construction, success isn’t built just on big moments like getting a Contract Signed — it’s achieved through daily consistency and unwavering discipline. Showing up, sticking to schedules, prioritising safety, making the right calls when it matters most and having a Construction Insurance Broker like Silverback Insurance in your corner.

Here’s to carrying that same grit into 2026- Lucrative Projects, Smarter Risk Management, and Lasting Partnerships throughout Australia's Insurance world.

Wishing you a Safe, Prosperous and Golden Year ahead — let’s build it right, together.

From your dedicated Construction Insurance Brokers, Partners in Protection!
https://lnkd.in/gH8yhQgF

24/12/2025

Merry Christmas from the team at Silverback Insurance!

As we wrap up another incredible year protecting builders, contractors, and construction professionals across Australia, we wish you a joyous holiday season filled with peace, family, and well-deserved rest.

Celebrate safely, recharge for the exciting projects ahead in 2026, and remember—we’ve got your back with tailored insurance solutions every step of the way.

24/12/2025

Merry Christmas from the team at Silverback Insurance!

As we wrap up another incredible year protecting builders, contractors, and construction professionals across Australia, we wish you a joyous holiday season filled with peace, family, and well-deserved rest.

Celebrate safely, recharge for the exciting projects ahead in 2026, and remember—we've got your back with tailored insurance solutions every step of the way.