Apply for a certificate of insurance

Licensed builders are required to take out cover for most residential building projects.

This is required for anything valued at over $20,000 including GST. You should do this before commencing work on the project and before taking any money, including a deposit under the building contract.

Who needs hbcf insurance
Any licensed builder, spec builder or tradesperson intending to work on a project with a contract value of over $20,000 must get home building compensation scheme cover for that job (unless otherwise exempted under the Home Building Act 1989). For example, hbcf insurance is one such type of cover.

What icare hbcf covers

Essentially, the hbcf is a safety net for homeowners. We provide homeowners, including subsequent purchasers, with compensation if they experience a financial loss in having their residential building project completed or defects rectified because their builder:
  • becomes insolvent
  • dies
  • disappears
  • has their licence suspended due to non-compliance with a money order in favour of the homeowner by the NSW Civil and Administrative Tribunal (NCAT) or a court 

Learn more about how we work with builders

When to apply to us

You should apply to us for your certificate of insurance before commencing work on the project and before taking any money, including a deposit under the building contract.

To obtain a certificate of hbcf insurance, all licensed builders must first have a certificate of hbcf eligibility.

Once you have a certificate of eligibility from us, your certificate of insurance should take around 24 hours to be approved following the submission of your completed project application form.

Incomplete forms and larger projects may take longer to be approved.

Apply for a certificate of eligibility

How to apply

You can apply for hbcf insurance through an hbcf-approved distributor (insurance broker).

Your insurance broker will provide advice and arrange insurance through Corporate Scorecard, the Eligibility Risk Manager.

You will be required to fill out an application form and submit this to your broker.

Applications can also be made through the Builder Self-Service Portal.

You can download a project application form below.