What is Builders Insurance?
Builders Insurance is an insurance policy designed to cover all those within the building trade. Whether you build full standalone houses, carryout property adjustments or home improvements, a building policy will keep you insured against loss or damage.
Building is risky and comes with a lot of risks and therefore and good policy is well worth the money.
Compare Building Insurance
We specialise in helping you compare builders insurance. With so many areas that you can specialise in, every builders policy is different and unique. As such, we work with a variety of specialist insurance brokers who can cover a wide variety of businesses.
When you apply with us, we quickly identify who is right for you and connect you with that broker giving you the best chance at finding cheap cover.
What cover do I need?
The cover you require depends entirely on your type of work you carry out. A builder who builds entire houses will require a greater level of cover than a one who builds only extensions.
As a base though, you will require the usual forms of tradesman insurance of which include.
Public Liability for Builders
A public liability policy is there to protect you against claims arising from the public. In the event you damage your clients property or even injure them themselves, you will be liable for the costs incurred to either replace their possessions or income should they not be able to work.
Professional Indemnity Insurance
Although professional indemnity cover is not a legal requirement, you will be carryout our high risk work and giving advice. Should a fault arise in that advice or consequently your work, repairing or correcting that can be expensive and you will be liable for the costs.
Employers Liability Cover
Most builders employ fellow builders or labourers to work with them in order to complete their work. Where this is the case, an employers liability cover is a legal requirement so that your employees are covered whilst working for you.
How much does builders insurance cost?
The cost of a builders policy can differ greatly depending on the level of insurance required to cover the level of risk associated with what you do. You should look at the scope of your work and discuss these requirements with our advisors.
Once you have done this, you will be able to work what sort of cover is right for you.
We work with a variety of specialist insurance brokers who will help you find a competitive or even cheap builders insurance policy.