Whatever your speciality within the building trade, builders insurance is essential to protect yourself against unfortunate events that could lead to claims being made against you.
As careful as you may be, there are many risks associated with working on site that could lead to injury or damage to property. Public liability insurance can protect you against these unforeseen circumstances. For example, if a passer-by tripped over your materials and injured themselves, this cover can give you peace of mind to focus on the job in hand.
You may be working as a sole trader, or have employees who work for you in your building company. If you do employ a team, or use labour-only subcontractors, then you will need to take out employers' liability insurance to safeguard your employees against accidents at work. Typically, these covers can be combined into one ‘easy to buy’ insurance policy, tailored to your specific needs.
Working on site can be dangerous, and while liability insurance is a must, you may also wish to consider personal accident cover within your construction insurance to protect yourself against incidents at work as well. If you were unable to work following an accident, personal accident cover provides a weekly benefit to tide you over while you get back on your feet.
Depending on the jobs you do, you may also wish to protect your tools and equipment, or even temporary buildings and hired in plant. Tool cover can be selected to cover hand tools and power tools up to a specified limit, however for anything above this you may wish to consider contract works cover. This is generally aimed at builders carrying out larger contracts that would be on site for a number of months, and can protect your own temporary buildings or plant, and even hired in buildings and plant, as well as cover the value of your contract.
If you are looking to protect contents, computers, buildings and stock at an office or premises you run in conjunction with your business, then this can also be included within some policies. Business interruption cover can also be incorporated to protect your turnover should you suffer damage at your premises that would affect your ability to trade.
We arrange insurance for many types of builders and tradesmen. If you know what you need you can get multiple quotes in just a few minutes online today or if you need advice call to speak to our advisors. They’re on hand to talk you through your cover options and find the right builders insurance for you.