The Domestic Building Insurance eligibility application process | Master Builders Insurance Brokers
Please note: Domestic Building Insurance (DBI) is a Victorian product. This information may not be applicable to you.
The DBI eligibility process:
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.
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 |
