Construction Insurance for building industry
Sturdy Edwards Insurance Brokers have expertise in arranging insurance for businesses engaged in the construction and building industry. We have been specialising in this high-risk industry for many years and bring this experience to bear when arranging insurance policies for builders, tradesmen, developers and speculators.
Construction sites can be dangerous places so by insuring employees, contractors, surveyors and the public each can be protected by this type specialised protection. Cover can also be arranged for a tradesman’s tools, machinery, and any damage to property and vehicles.
Insurance policies for those engaged in the construction and building industry typically include:
Public Liability Insurance - most businesses require public liability insurance in case a member of staff causes damage to property when visiting another office or other premise or a customer is injured when visiting the construction site.
Public liability cover is very useful for dealing with:
- Compensation for injuries
- Compensation for damages
- Legal and defence cost claims
Employers’ Liability Insurance - as above most businesses will require an Employers’ Liability policy to protect themselves against an employee suing them for causing an injury and or negligence at work. This gives management the peace of mind that should an employee or contractor sue them, their Employers’ Liability insurance will protect them.
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.