The construction industry employs over 2 million people in the UK and contributes significantly to the nation’s overall economy. However, it is by nature a risky business, given the various possibilities of accidental damage to property and life.
Thus it is important for builders to protect themselves from all risks that characterise this sector through finding an insurance policy that best suits their line of operation. Whether you are a self-employed builder looking for public liability insurance or a building contractor looking to cover your employees, we can help you find the most thorough and affordable insurance deal.
Insurance needs are bound to vary based on several factors, such as the geographic terrain, locality, climatic impact and of course the type of building you are involved in. That’s why our building insurance service has been designed to offer tailored insurance policies to suit a range of different circumstances.
Whilst each policy will naturally depend on personal situation, most cover will include the following:
Workers at construction sites are prone to numerous accidents that can prove fatal. It is the responsibility of the employer to ensure the safety and health of people working at the construction sites. The employer must compensate or answer any claims in this regard from people currently employed at the firm or from previous workers who may face health problems based on their time in employment.
The builder is equally responsible for safety of the public in the vicinity of the structure. Often, people or vehicles near the site bear the brunt of objects accidentally falling off half-completed buildings or the collapse of scaffoldings. Injury, loss of life, or damage of public property resulting from material or activities at the construction site all qualify as valid claims.
Stock and equipment cover
Stock cover is necessary to compensate for bags of sand, cement or any construction material that could easily go missing at the construction site. Equipment cover helps deal with damage or theft of business resources, such as mobile phones and laptops, both on and off-site.
Building cover protects against damage to the physical structure of the building.
Working tools, both powered and hand tools, are usually insured against theft, accidental loss or damage as they need to be replaced at the earliest convenience for work to continue as scheduled.
Some builders may also require additional commercial vehicle cover to handle vehicle breakdowns or damage of trucks or vans that are used to carry equipment or material. Fleet insurance will help cover all vehicles on-site, as they usually address mixed fleet of both commercial and personal vehicles.
Business interruption cover may also prove useful for builders working in areas prone to floods, earthquakes or subsidence, as these natural causes tend to have a great impact, especially on high-rise structures.
Whatever level of cover you’re searching for, we’re dedicated to finding you the right policy at the right price.