House of Assembly Fifty-Fifth Parliament, First Session (55-1) 55 1 Parliament of South Australia House of Assembly published Estimates Replies Builders Indemnity Insurance Fund Builders Indemnity Insurance Fund In reply to Mr COWDREY House of Assembly Colton Builders Indemnity Insurance Fund In reply to Mr COWDREY (Colton) ((17 June 2022).). (Estimates Committee B) The Hon. S.C. MULLIGHAN House of Assembly Lee Treasurer Builders Indemnity Insurance Fund The Hon. S.C. MULLIGHAN (Lee—Treasurer): I have been advised: 1.	The average premium for builders per project under the building indemnity insurance fund in 2021-22 was $1,101.31. A breakdown by business size is provided below. Builder Size (Turnover) Average Premium Per Project Above $10m $856.70 $5m—$10m $1,709.49 $2m—$5m $1,560.55 Up to $2m $1,096.43 The average premium for builders per project in 2022-23 is expected to be $1,118.69. 2.	A total of 13,124 policies were written for the 2021-22 financial year. 3.	It is projected that 10,000 policies will be written for the 2022-23 financial year.