Home Warranty Insurance
As a trusted partner for builders across Australia, we specialise in navigating the complexities of Home Warranty Insurance, empowering your business to thrive by facilitating applications for increased Home Warranty limits.
Silverback Insurance Pty Ltd transcends the traditional boundaries of insurance brokering by integrating business planning and strategic advisory into our suite of professional services, specifically designed for builders aiming to excel in meeting Home Warranty insurance requirements. Our approach is meticulously crafted to align with your business objectives, ensuring your insurance strategy not only meets but surpasses industry expectations for home warranty coverage. By partnering with Silverback Insurance Pty Ltd, builders gain access to a comprehensive planning framework that not only secures robust insurance protection but also propels their business towards sustainable growth and operational excellence.
Profitability:
A builder with a healthy level of equity is more likely to be considered solvent.
Financial Stability:
A healthy liquidity position is generally viewed positively.
Debt and Liabilities:
Assetinsure may evaluate the builder’s debt levels and ability to manage debt and interest payments to meet financial obligations, pay subcontractors and suppliers, and secure financing, may also be evaluated
Equity:
The builder’s equity position, including retained earnings and share capital. Positive equity is a sign of financial strength, ownership of hard assets such as properties is looked at favourably.
Consistency:
A history of financial stability and responsible claims management, start and complete projects in a reasonable timeframe can positively influence the insurers decision.
Overall Financial Health:
Insurance providers may assess the builder’s overall financial health, taking into account a combination of financial metrics, including net profit, equity, cash flow, and liquidity ratios. They want to ensure that the builder is financially sound and capable of fulfilling their obligations.
Experience and Reputation:
The builder’s experience, reputation in the industry, and track record of completing projects successfully may also play a role in the assessment.
Compliance with Regulatory Requirements:
Compliance with local building regulations and licensing requirements is crucial. Builders must meet all regulatory standards to qualify for home warranty insurance.
Contact Silverback Insurance Pty Ltd
Contact us today to learn more about our home warranty insurance options and start safeguarding your home for the future.