Local traders urged to participate in insurer-funded rebuild work

Local traders urged to participate in insurer-funded rebuild work

Local traders urged to participate in insurer-funded rebuild work The Insurance Council of Australia (ICA) is urging builders and tradespeople in areas hit by Tropical Cyclone Debbie to take part in an insurer-funded rebuilding work, potentially worth hundreds of millions of dollars.

Qualified builders and tradespeople who want to be considered for the reconstruction effort should register with the following:
“Insurers recognise local workers who participate in the reconstruction response provide a vital economic boost in communities that have taken a severe financial hit from this catastrophe,” said ICA CEO Rob Whelan.

“In the aftermath of disasters, insurers’ first priority is to their policyholders, and making sure repairs and rebuilding work are done to the highest standard in the shortest possible time.

Want the latest insurance industry news first? Sign up for our completely free newsletter service now.

“For this reason, many insurers have strategic arrangements with building companies, suppliers and project managers to undertake repairs and building works. These companies often sub-contract work to local builders and tradespeople if they are qualified, reputable, price competitive and have capacity. Some insurers also have a policy to use local firms where possible.”

The ICA boss said policyholders in need of repairs should contact their insurer before commissioning any work, even for emergency repairs, as unauthorised work may not be covered by the policy.


Related stories:
Drones assist in Cyclone Debbie claims
Catastrophe declared as Cyclone Debbie makes landfall