Home Building Compensation Fund (HBCF)

HIA Insurance Services is an approved distributor of HBCF. The eligibility application process requires an assessment of financials and supporting documentation. We suggest you call 1800 762 878 or click here to discuss your application as soon as you can.

In most case, a builder is required to complete the auto assessment application for their broker which is to be submitted to Icare. In the application, you will be asked to provide information on your proposed annual pipeline of works as well as the types of projects you are undertaking which are either Primary Projects or Secondary Projects.

If you are not eligible for the automated assessment process, you may need to provide your broker with financial statements and a completed application form. These can include but are not limited to:

• A recent balance sheet, profit and loss statement (for company and trust) or tax returns (for sole trader and partnership);
• A statement of personal assets and liabilities.
• Copies of rates notice for all properties declared on the statement of personal assets and liabilities; and
• A Builder Eligibility/Profile Change Application form.

HIA Insurance Services will review your documentation and discuss any questions. Upon reviewing the documentation your broker will prepare your submission for Icare and submit to the Icare to begin the assessment.

The Application will be reviewed by Icare. If the application is successful, you will be issued with a HBCF Certificate of Eligibility which can be accessed via the online portal, and you are therefore able to begin obtaining warranty certificates of insurance for individual building projects prior to undertaking any work.

On an ongoing basis, eligibility is subject to review. Icare determines how often they perform reviews and may also undertake special eligibility reviews if a builder’s circumstances change and if they have identified a possible risk. HIA Insurance Services will support you through this process.