Construction Industry Insurance
We are specialists in arranging cover for construction companies, employees, builders, tradesmen, developers and speculators from the many risks they face on and around construction and building sites.
Employees, contractors, surveyors and the public may be at risk at sites managed by you and must be protected by adequate insurance cover. There are many risks in the construction industry, not only from injury but also theft of tools and machinery, damage to property and vehicles.
So what insurance should construction industry professionals consider?
Public Liability Insurance covers you for the potential cost of a claim against you by a third party, resulting in injury or damage to their property.
Employer’s Liability Insurance protects you and your employees, for which you are required by law to have in place and sufficient to cover you for the cost of damages awarded to an employee for death, injury or illness whilst working for you.
Contractors All Risks Insurance is a specialised and important policy to protect plant, tools and machinery, whether owned or hired that is usually added onto another more general liability policy. A contractors’ all risk policy can be extended to include cover for specialist tools, temporary buildings, surveyors’ and architect plans.
Vehicles and Goods in Transit Insurance is sometimes warranted when a van or truck is required to move plant, machinery and tools to another site and give protection to these vehicles and their contents.
Other Risks Covered include:
- Permanent and temporary works
- JCT 21.2.1 or 6.5.1 (non-negligence liability)
- Advance Profits
- Additional inherent payments
Free Services to ClientsAs part of our overall service, Sturdy Edwards Insurance Brokers provide to clients, as standard, professional advice and clear and timely guidance on the scope and type of insurance cover required. Price is of course a major factor and we will work to a budget to recommend a package of insurance protection for you and your family and/or business.
Risk ManagementWe can offer advice and provide materials for businesses and organisations to assist with health and safety and risk management, such as risk assessments for fire, electrical inspections, working at height and more. We will work with you to help reduce the likelihood of a claim, which sits well with insurance companies and helps to keep premiums down.
Disaster RecoveryWhilst insurance claims money may pay for losses, the recovery from a major loss involves far more than just cash.
You will need to keep staff and customers informed, make provision for continuous trading, albeit at a reduced level, and a host of other issues that would be prudent to anticipate beforehand.