// Who should
Consider insurance?
Whether you’re an owner builder, a contractor or a large construction company, you’ll need a range of insurance covers to safeguard your workers,
building and equipment.
Who Needs Construction Insurance?
// What are the
Key risks in the building and construction industry?
Construction projects involve multiple stakeholders and are often undertaken on challenging sites. Construction businesses must often manage changes to scope or orders, poorly written contracts and specifications and complex project management issues. They may need to deal with labour and materials shortages, or theft of tools and materials.
Subcontractors and suppliers can provide extra stress for construction firms, as can the rising number of extreme weather events. What’s more, cybercrime is an emerging threat to construction businesses, which often use insecure connections from mobile workplaces, and share files and data with stakeholders outside the business.
Construction firms and suppliers can also face credit-chain exposure when a principal contractor, subcontractor or customer becomes insolvent or fails to pay. Businesses supplying labour, materials or services on credit terms should understand how customer and contractor insolvency risk could affect their cash flow and whether trade credit insurance may form part of their risk strategy.
What insurance should you take out - and what can it cover?
Insurance can protect you and your employees onsite, on the way to work and in your office.
Contract works
Protects any buildings under construction and construction equipment. This cover
may include protection against:
- Natural disasters like fire, earthquake, storm, flood, wind and water damage
- Damage to property caused by defects, theft and malicious damage or vandalism or smashed glass
- Third-party personal injury and property damage.
Business pack
Protects any buildings under construction and construction equipment. This cover may include protection against:
- Equipment or machinery breakdown
- Employee dishonesty
- Property or glass damage
- Legal issues, with public and products liability
- Tax audit
- Theft, and theft or loss of money.
Cyber
Safeguards you and your business against expenses and legal costs if your website or other systems are hacked and your system cannot be used or customers’ details are stolen.
Motor Insurance
Takes care of your valuable business vehicles with cover to:
- Help if you or your staff damage another person’s vehicle
- Repair your vehicle after an accident or replace it if it’s written off
- Replace a lost or stolen vehicle
- Safeguard you against legal liability.
Professional Indemnity
Protects you against legal action from a client for breach of professional duty. This type of insurance is often required by building contracts
Workers Compensation
Covers the cost of your employees’ wages, rehabilitation and medication if they become injured or sick through their work.
// Quote
All of the coverage, without the worry
Talk to us today to discuss your business insurance requirements, We offer straightforward advice that will result in peace of mind for you, and a business insurance package that keeps your business covered from all angles. Get in touch by calling