As a builder or a contractor, your main priorities in regards to insurance is going to be to ensure you have your public and employment liabilities insurance sorted. Other than that there may well be a few other insurances that you will require, but each builder and contractor are different in size and in how they operate. What we recommend is to give our offices a call and speak to a qualified insurance specialist.
We will be able to ask you the right questions about your operation and assess your risk according to scale and without assumption. Something you are not going to get by using an online provider which could see you out of pocket should you not be covered appropriately.
We will assess your risk and then approach our pool of insurers and cherry pick the very best options for you, this way you end up with the very cheapest rate and high-quality cover.
Public liability insurance covers compensation you have to pay a client, contractor or member of the public due to accidental injury or property damage as a result of a negligent act. This could be something that happened at your business premises such as a client slipping on a wet floor, or something outside your workplace such as an employee spilling coffee over a client’s computer when visiting their office.
Public liability insurance will provide your business with important protection if you:
Deal with the public
Have clients visiting your home office or business premises
If you or an employee visit your clients’ offices/homes or premises
This section covers your legal liability arising out of accidental injury to members of the public or accidental loss of or damage to their property resulting directly from the business within the Territorial Limits during the period of insurance (including claimants’ costs and expenses) Legal defence costs in defending a claim are also insured, subject to insurers agreement.
The minimum Limit of Indemnity provided for Public Liability tends to be £1,000,000 for any one event. There is an option to increase to £2,000,000 or £5,000,000 for most trades.
Territorial Limits: England, Scotland, Wales, Northern Ireland, the Channel Islands, the Isle of Man, and often any member country of the European Union
Standard Exclusions You May Expect:
Liability arising from work in or on or in connection with; docks, harbours or railways, watercraft or offshore, gas or oil installations, chemical or petrochemical works, oil or gas refineries or storage facilities, aircraft, airports or airfields, collieries, mines or quarries, power stations and any installation where nuclear processing is undertaken.
Arising from lopping, topping or felling of trees
Arising from work or visits offshore
for damage to property in your custody or control or being worked upon
from design or advice is given for a fee
For costs incurred in recalling, repairing or replacing any product or of rectifying defective workmanship
For gradual pollution or contamination
Arising from removal, handling or disposing of asbestos
Arising from professional advice and treatment
For the first sum of every Third Party Property Damage claim (likely £250)
Conditions and Precautions Applying:
Heat Equipment Precautions
Bitumastic Products Precautions
Flammable Solvents Precautions
Underground Services Precautions