Silverback Insurance

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

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.

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.