Insurance is one of the biggest blind spots in the construction industry and often the most expensive. In this episode, Dean sits down with Dean Bowen, founder of DLB Insurance & Risk Solutions, to unpack what builders actually need to know about contract works, liability, claims, premiums, and the risks most policies never explain.
From why premiums have skyrocketed, to the truth about subbie injuries, internal labour-hire structures, and the massive gaps caused by facility broking, this conversation is a rare behind-the-scenes look at how insurance really works in construction..
Whether you’re a new builder or running a multi-million-dollar company, the insights here will help you understand your exposure, strengthen your risk strategy, and ask the right questions before you sign your next policy.
In this conversation they cover:
- Why most builders become ‘just another number’ under facility-brokered policies
- The real factors driving up insurance costs (materials, labour, weather events, subbie injuries)
- The biggest underwriting red flags and how long they follow you
- How insurers assess risk, premiums and loss ratios behind the scenes
- Why internal labour-hire entities are causing a wave of new disputes
- How builders should structure policies as they grow
- Emerging risks: cyber fraud, PI exposure, management liability and more
- The gap no one talks about: existing structure insurance in renovations (and the huge disputes it’s now causing)
This is Part 1 with Dean Bowen. Part 2 will tackle the monster topic of Home Warranty Insurance in NSW, a complete minefield for new and growing builders.
Resources and Links:
- Find out more about DLB Insurance & Risk Solutions here: dlbinsurancerisk.com.au
Hosted by Dean Ipaviz, builder & director at Verdecon, creating high-performance, low-impact homes across Australia. Follow Dean Ipaviz and @_thebuiltenvironment on Instagram and visit thebuiltenvironment.com.au