icare HBCF Premium Changes effective 1 August 2019

Dear clients, As announced during 2017, reforms to the Home Building Compensation insurance scheme have been implemented to ensure that the fund regains financial stability so it can continue to protect NSW homeowners now and into the future. Following a premium filing submission to the State Insurance Regulatory Authority (SIRA), a premium rate change will … Read more

HBCF – November 2016 Update

In November 2016, reforms to HBCF were announced. Risk-based pricing The introduction of risk-based pricing means building contractors are offered premium prices that reflect their individual level of risk. This will reduce the subsidisation of higher-risk contractors by their lower-risk counterparts. Risk-based pricing also provides an incentive for building contractors to reduce their risk to … Read more