Becoming an owner builder can be a daunting task, but also one that is often extremely rewarding. It's not just about saving money, which can often be the aim of the owner builder, but more importantly it allows owner builders to make choices about the build that would otherwise remain in the professional builder's domain.
Becoming an owner builder means assuming the same risks, responsibilities, and a need for insurance as a registered builder. Some additional risks, like 'unpaid workers' and 'deemed workers' require additional insurance; so it's important for owner builders to be aware of these types of insurance.
Proper insurance is a key part of managing the risks of being an owner builder. Any owner builder insurance specialiset will always provide insurance covering the core risks, along with options tailored specifically for owner builders.