The Domestic Building Insurance eligibility application process | Master Builders Insurance Brokers

The Domestic Building Insurance eligibility application process

The DBI eligibility process and your assessment requirements.

The DBI eligibility process:

dbi process

dbi process mobile

 

Please note: The Insurer will generally take 10 business days (±2~4 business days) to finalise assessment or request additional information. We have 48 hour turnaround time frame for our assistance.

Victorian Domestic Building Insurance (DBI) Eligibility Assessment Requirements

Please note that following trading structures Corporate Partnership, Partnership of Trusts, Trusts without sole corporate trustee are not accepted by the VMIA.

New applicants Review applicants Adverse history applicants

For new applicants:


 

Sole Trader

Required documents
Completed Application Form   Yes
Proof of Personal Assets   Yes
CV detailing work history Optional
Building & Construction Qualifications Optional
ABN   Yes
ACN   No
Trust Deed   No
Forecast of upcoming works   Yes
Detailed information for adverse history (Bankruptcy, Liquidation, Deregistration, Criminal Offence or Claims History)   No

 

Financial requirements
Individual Tax Returns for past 2 FY   Yes
Partnership Tax Returns for past 2 FY   No
Full & Final Financial Report for past 2 FY   No
Start Up Balance Sheet   No

 

 

Partnership

Required documents
Completed Application Form   Yes
Proof of Personal Assets   Yes
CV detailing work history Optional
Building & Construction Qualifications Optional
ABN   Yes
ACN   No
Trust Deed   No
Forecast of upcoming works   Yes
Detailed information for adverse history (Bankruptcy, Liquidation, Deregistration, Criminal Offence or Claims History)   No

 

Financial requirements
Individual Tax Returns for past 2 FY   No
Partnership Tax Returns for past 2 FY   Yes
Full & Final Financial Report for past 2 FY   No
Start Up Balance Sheet   No

 

 

Company

Required documents
Completed Application Form   Yes
Proof of Personal Assets   Yes
CV detailing work history Optional
Building & Construction Qualifications Optional
ABN   Yes
ACN   Yes
Trust Deed   No
Forecast of upcoming works   Yes
Detailed information for adverse history (Bankruptcy, Liquidation, Deregistration, Criminal Offence or Claims History)   No

 

Financial requirements
Individual Tax Returns for past 2 FY   No
Partnership Tax Returns for past 2 FY   No
Full & Final Financial Report for past 2 FY   Yes
Start Up Balance Sheet   No

 

 

New Trust / Company

Required documents
Completed Application Form   Yes
Proof of Personal Assets   Yes
CV detailing work history Optional
Building & Construction Qualifications Optional
ABN   Yes
ACN   Yes
Trust Deed   Yes
Forecast of upcoming works   Yes
Detailed information for adverse history (Bankruptcy, Liquidation, Deregistration, Criminal Offence or Claims History)   No

 

Financial requirements
Individual Tax Returns for past 2 FY   Yes (from all Directors)
Partnership Tax Returns for past 2 FY   No
Full & Final Financial Report for past 2 FY   No
Start Up Balance Sheet   Yes

 

 

For review applicants:


 

Sole Trader

Required documents
Completed Application Form   Yes
Proof of Personal Assets   Yes
CV detailing work history   No
Building & Construction Qualifications   No
ABN   Yes
ACN   No
Trust Deed   No
Forecast of upcoming works   Yes
Detailed information for adverse history (Bankruptcy, Liquidation, Deregistration, Criminal Offence or Claims History)   No

 

Financial requirements
Individual Tax Returns for past 2 FY   Yes
Partnership Tax Returns for past 2 FY   No
Full & Final Financial Report for past 2 FY   No
Start Up Balance Sheet   No

 

 

Partnership

Required documents
Completed Application Form   Yes
Proof of Personal Assets   Yes
CV detailing work history   No
Building & Construction Qualifications   No
ABN   Yes
ACN   No
Trust Deed   No
Forecast of upcoming works   Yes
Detailed information for adverse history (Bankruptcy, Liquidation, Deregistration, Criminal Offence or Claims History)   No

 

Financial requirements
Individual Tax Returns for past 2 FY   No
Partnership Tax Returns for past 2 FY   Yes
Full & Final Financial Report for past 2 FY   No
Start Up Balance Sheet   No

 

 

Trust / Company

Required documents
Completed Application Form   Yes
Proof of Personal Assets   Yes
CV detailing work history   No
Building & Construction Qualifications   No
ABN   Yes
ACN   Yes
Trust Deed   No
Forecast of upcoming works   Yes
Detailed information for adverse history (Bankruptcy, Liquidation, Deregistration, Criminal Offence or Claims History)   No

 

Financial requirements
Individual Tax Returns for past 2 FY   No
Partnership Tax Returns for past 2 FY   No
Full & Final Financial Report for past 2 FY   Yes
Start Up Balance Sheet   No

 

 

For adverse history applicants:


 

Sole Trader

Required documents
Completed Application Form   Yes
Proof of Personal Assets   Yes
CV detailing work history   Yes
Building & Construction Qualifications   Yes
ABN   Yes
ACN   No
Trust Deed   No
Forecast of upcoming works   Yes
Detailed information for adverse history (Bankruptcy, Liquidation, Deregistration, Criminal Offence or Claims History)   Yes

 

Financial requirements
Individual Tax Returns for past 2 FY   Yes
Partnership Tax Returns for past 2 FY   No
Full & Final Financial Report for past 2 FY   No
Start Up Balance Sheet   No

 

 

Partnership

Required documents
Completed Application Form   Yes
Proof of Personal Assets   Yes
CV detailing work history   Yes
Building & Construction Qualifications   Yes
ABN   Yes
ACN   No
Trust Deed   No
Forecast of upcoming works   Yes
Detailed information for adverse history (Bankruptcy, Liquidation, Deregistration, Criminal Offence or Claims History)   Yes

 

Financial requirements
Individual Tax Returns for past 2 FY   No
Partnership Tax Returns for past 2 FY   Yes
Full & Final Financial Report for past 2 FY   No
Start Up Balance Sheet   No

 

 

Company

Required documents
Completed Application Form   Yes
Proof of Personal Assets   Yes
CV detailing work history   Yes
Building & Construction Qualifications   Yes
ABN   Yes
ACN   Yes
Trust Deed   No
Forecast of upcoming works   Yes
Detailed information for adverse history (Bankruptcy, Liquidation, Deregistration, Criminal Offence or Claims History)   Yes

 

Financial requirements
Individual Tax Returns for past 2 FY   No
Partnership Tax Returns for past 2 FY   No
Full & Final Financial Report for past 2 FY   Yes
Start Up Balance Sheet   No

 

 

New Trust / Company

Required documents
Completed Application Form   Yes
Proof of Personal Assets   Yes
CV detailing work history   Yes
Building & Construction Qualifications   Yes
ABN   Yes
ACN   Yes
Trust Deed   Yes
Forecast of upcoming works   Yes
Detailed information for adverse history (Bankruptcy, Liquidation, Deregistration, Criminal Offence or Claims History)   Yes

 

Financial requirements
Individual Tax Returns for past 2 FY   Yes (from all Directors)
Partnership Tax Returns for past 2 FY   No
Full & Final Financial Report for past 2 FY   Yes
Start Up Balance Sheet   No

 

 

Connect with us

Join us