Licensed Building Practitioner Professional Protection
If you are licensed to undertake Restricted Building Work (RBW) and are reported to the new complaints board, a range of penalties could be imposed. These penalties could affect your license and consequently your ability to undertake further RBW. Therefore it is vital that you are able to defend yourself against a complaint and be able to meet any resulting fine the board may enforce.
MasterSure – LBP Professional Protection provides cover for:
- Defence costs for investigations by the Building Practitioners Board arising from complaints made against you.
- Fines imposed by the Building Practitioners Board.
- Claims arising from errors in Record of Work documentation.
- Claims arising from the supervision of Non Licensed Building Practitioners.
The FAQ and Claim Scenario information provides further detail on this uniquely developed product and the risks you now face.
Also developed is a stand-alone Employee Contingency designed to protect individual employee LBPs, for circumstances such as when you change companies or retire and have no control over whether the employer’s policy continues to insure your work for them. All employee LBPs, even when covered under their employer’s LBP Policy, should purchase this cover to ensure peace of mind. It is a prerequisite of this policy that at the time of purchase you are covered under your employer’s LBP Professional Protection.