News & Events

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LATEST NEWS

Deeds of Indemnity Explained

If you are a residential builder in Victoria, you're probably familiar with VMIA—the Victorian Managed Insurance Authority—because of its role in providing Domestic Building Insurance (DBI). But you may have heard of something called a Deed of Indemnity and wondered: Does this apply to me?

Important Update – Build VIC System Outage and Stamp Duty Reduction on DBI

Stamp Duty on DBI will decrease from 9% to 8%. This reduction will apply to all eligible applications processed from July 1, 2025, onwards.

Get the most out of the VMIA Online System

BuildVic is a secure, user-friendly, and efficient online system built specifically for Victorian residential builders.

Domestic Building Insurance (DBI) Update

Understanding Domestic Building Insurance (DBI) & The newly announced Building & Plumbing Commission

MBIB Early Renewal Promo

Clients who complete their renewals in May and June will be entered into a random draw for a chance to win a $1,500 Bunnings voucher.

Christmas Closure and Warranty Application Deadlines

We thank you for your understanding during this time and wish you a joyous Christmas and a prosperous New Year!

Government Announcement: Building & Plumbing Commission

This will create a single integrated building sector regulator bringing together the functions of licensing, compliance and discipline, dispute resolution and insurance.

We’re Moving to a New Office

Due to a complete renovation of our current building, our Melbourne office will be relocating to a new temporary office for a duration of 12 months.

The VMIA has announced premium changes effective 6 August 2024

Following a review of the sufficiency of DBI premiums, the VMIA has decided to increase premiums across all DBI policy types by 53% on average.

Vale Dele Omisore

It is with heavy hearts that we announce the passing of our beloved colleague Dele Omisore.

Growing your business with Domestic Building Insurance (DBI)

If you are a residential builder looking to grow your business, it is important to consider your domestic building insurance (DBI) limits, and to understand how to best position your business to achieve limit increases in the future.

BuildVic – Getting the Most out of the VMIA Online System

With this online platform, builders can say goodbye to the hassle of manual paperwork, and access an online system 24 hours a day, 7 days a week.

Understanding Domestic Building Insurance (DBI)

Within Victoria the insurance is available through a government backed insurer, the Victorian Managed Insurance Authority (VMIA), with Master Builders Insurance Brokers (MBIB) being a direct VMIA distributor of DBI.

Getting our hands dirty for a great cause!

On a very hot day, our team were involved with mural painting, planting garden beds, repairing and painting a pergola and installing much needed shade cloth.

Congratulations Nicola Benson on winning the Maria Karamalis Award!

The Maria Karamalis Award remembers and honours our past colleague and friend Maria who passed away in October 2020 after a stoic battle with breast cancer.

MBIB Office Closure

All Master Builders Insurance Brokers (MBIB) offices will be closed from Monday 9th – Wednesday 11th October.

VMIA changes to Domestic Building Insurance

Following a review of the sufficiency of DBI premiums, the VMIA has decided to increase premiums across all DBI policy types by 43% effective 1 September 2023.

Cybercriminals target construction companies

The growing risk of cyber-crime is widely reported in the media with cybercriminals using increasingly sophisticated methods to steal from businesses and individuals.

6 tips to minimise theft of tools and materials

Theft of tools and materials continues to be the most common claim type seen by Master Builders Insurance Brokers.

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UPCOMING EVENTS

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PAST EVENTS

15 Feb

Domestic Building Insurance (DBI) Webinar

Whether you are just entering the residential construction industry or are well established and looking to grow, this session will contain something for you.