Long-term protection
Cover for up to 10 years after practical completion, subject to the policy terms.
Index Insurance | Australia
10 years of protection.
Built in.
Index Insurance is an Australian specialist insurance business focused on long-term building and infrastructure protection.
We are developing Building Protection Insurance for quality Australian buildings, combining disciplined underwriting with independent technical inspection during design and construction.
Every step, covered.
A different kind of building insurance
Better protection starts before the building is finished.
Building Protection Insurance — also known as latent defects or decennial insurance — provides long-term protection against insured defects that emerge after construction.
But insurance is only part of the model. Index assesses the project, the people delivering it and the technical risks before cover is released.
Prevent defects where possible.
Protect owners when they occur.
01
Screen
Project, developer, builder and eligibility.
02
Underwrite
Understand project-specific risk and set terms.
03
Inspect
Independent, risk-based technical inspection.
04
Reassess
Consider the insurance significance of the evidence.
05
Protect
Long-term building protection after completion.
The product
10-year Building Protection Insurance
Designed for completed buildings, with the initial focus on Australian multi-residential development.
First-resort
A valid claim can be made directly under the policy without first having to establish negligence or pursue another party.
Follows the building
Protection is designed to attach to the insured building and benefit owners and future owners throughout the policy period.
Critical building elements
Cover is designed around structural, safety-critical and weatherproofing elements, subject to the applicable policy wording.
Cover, limits, exclusions and eligibility vary by jurisdiction and policy. Refer to the applicable Policy Wording and Schedule.
We would rather insure fewer, better buildings.
Building Protection Insurance is a long-tail risk.
Index therefore starts with the quality of the project rather than the volume of premium.
We assess the developer, builder, design, construction complexity and quality controls, and use independent technical evidence throughout construction to inform the underwriting decision.
Quality buildings. Disciplined insurance.
Independent technical inspection
Inspection without unnecessary friction.
Independent Technical Inspection Services form an important part of the Index approach. Where effective quality systems already exist, inspection should understand, test and make appropriate use of them.
See how we manage risk
StructureWaterproofingFaçade & envelopeFire & life safetyKey services & interfaces
Developer QA
Builder QA
Independent TIS
Underwriting
evidence
evidence
Building
Protection
Protection
Australia
Building protection is changing in Australia.
Australian governments are strengthening long-term protections for apartment owners and increasing the emphasis on building quality, defect prevention and earlier rectification.
Explore the Australian contextWho we work with
Built around the people responsible for better buildings.
Developers
Long-term protection that complements disciplined project delivery.
Brokers
A specialist building insurance proposition supported by technical underwriting.
Owners & asset owners
Protection designed to remain with the building after completion.
Government & regulators
A private-market risk-transfer model supporting longer-term building protection.
Insurers & reinsurers
Specialist Australian origination, underwriting and technical risk management.
Planning a quality project?
Talk to us early. Building Protection Insurance works best when insurance, underwriting and technical inspection are considered before construction is advanced.
Talk to Index