Public Liability Insurance For Contractors
Contractors Insurance
If you own a construction business it’s important that you have the correct contractors all risk insurance in place so you are covered against any liabilities that could occur within the industry. However, knowing what cover you need can be complicated to do on your own, but luckily, East Yorkshire Insurance Brokers are here to help you navigate the complexities of contractors insurance – ensuring that you have the correct cover in place to protect you and your business!
Trusted by 250+
Local Businesses
Access To Over 300
Insurance Markets
Our Clients Rate
EYIB 4.9/5 Stars
Trusted By 250+ Local Businesses
Access To Over 300 Insurance Markets
Our Clients Rate EYIB 4.9/5 Stars
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What is contractors insurance?
What Is It?
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Why Choose Us For Construction Insurance
Why Choose EYIB For Insurance For Construction?
We Have Experience
Our managing director, John, has over 15 years of experience in the insurance industry! When you choose EYIB you’re getting a broker who knows the industry inside out, ensuring that you are always properly protected.
Local Businesses Love Us
We are trusted by over 250 local businesses who we have helped secure their business insurance. If you want to make sure you have the correct cover every time, we’re the ones to call.
We Can Access A Huge Market
At EYIB we have access to over 300 insurers who we work with to ensure we can get the cover that your business needs. With our connections you can get peace of mind that we can arrange the right insurance so you are always protected.
Years Experience
Local Businesses Insured
Insurers
Our Insurance Partners
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What is included in contractors insurance?
What’s Included?
Contract works insurance
Events such as fire, flood or even vandalism are unpredictable. If something like this were to happen then not only will this cost you time, but set you back financially. Contract works insurance will help you pay towards the cost of repairing or that of redoing work, so if disaster strikes, you don’t need to worry.
Public liability insurance for contractors
Both sole traders and bigger construction companies will be held liable if there’s any damage to a member of the public or their property due to your work. If the public has access to the construction site you’re working on and they become injured or if you’re working at someone’s house and you damage their property, then you could be sued. Public liability insurance for contractors will help you meet much of the costs of repairs as well as legal expenses, so if you make a mistake, you can rest assured you won’t suffer too much financially.
Public liability insurance for contractors
Employers liability contractors insurance
Not only is employer’s liability insurance for contractors crucial; it’s a legal requirement in the UK if you have employees. Accidents can happen to anyone, but this is especially true for contractors since the work they do involves a lot of risks from injuries from working with machinery to health problems like hearing loss from not wearing the right safety equipment. Employer’s liability insurance for contractors will cover medical costs and compensation claims.
Tools insurance for contractors
Construction sites are prone to theft and even vandalism. And if you have expensive tools on site and they get stolen, then this can disrupt your project while you find time to replace them and can be quite costly. Contents insurance protects your assets that are essential for carrying out your work; covering the costs to replace these crucial tools.
Tools insurance for contractors
Hired in plant for contractors
Since construction projects require machinery that’s expensive; many contractors tend to rent equipment for a construction site for certain projects. But just because you don’t own the machinery doesn’t mean you won’t be liable. If the equipment gets damaged or stolen, hired in plant insurance will cover the cost of loss or damage.
Owned plant for contractors
Both sole traders and bigger construction companies will be held liable if there’s any damage to a member of the public or their property due to your work. If the public has access to the construction site you’re working on and they become injured or if you’re working at someone’s house and you damage their property, then you could be sued. Public liability insurance for contractors will help you meet much of the costs of repairs as well as legal expenses, so if you make a mistake, you can rest assured you won’t suffer too much financially.
Owned plant for contractors
How Much Does It Cost?
The cost of contractors all risks insurance very much depends on a variety of factors such as the kind of construction projects you work on, the size of your business and more. For example a sole tradesman will typically have different insurance needs and costs than a large construction company that deals with more commercial developments. This will determine the level of coverage required which will also influence how much the policy will be. The best way to find out how much contractors insurance will be is to get in touch with us at EYIB for a free insurance quote – we will make sure that you are always properly protected.
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How Much Does Contractors Insurance Cost?
How Much Does It Cost?
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Do I Need Contractors Insurance?
Do I Need It?
Whether you’re a small or medium sized construction business or you’re a sole tradesman, you will need contractors insurance. Although what cover you need will vary – depending on how big you are, what projects you do and what equipment you use – you will still need some form of cover in place. Because of the work contractors do; there are many risks involved in the job and if something goes wrong, this could be detrimental to your business. Not having contractors all risk insurance in place and a member of the public becoming injured on site or your very expensive machinery is stolen; this could cost you a fortune in legal fees and replacing equipment. Contractors all risk insurance is a great policy to have as it includes all the covers you need – so you don’t need to take out separate insurance for each individual risk. This ensures that if an accident does occur, you are prepared and you can relax knowing your business won’t suffer too much financially.
Example Of Contractors All Risk Insurance
Tony is a self employed plumber and is hired to fit a new bathroom. He makes a mistake when fitting a pipe and a leak occurs, which leads to significant water damage in the house. The homeowner takes action to sue Tony for the damage caused by the work he carried out and he could be liable for paying thousands of pounds in repairs which would be devastating for his business and his reputation.
But luckily Tony was smart and took out public liability insurance for contractors when he started his business, covering the costs of repairing the damage that the leak caused. This meant Tony could claim on his insurance for what would have been an expensive payout, and could have resulted in him losing his business. Thanks to EYIB his business and reputation was saved!
This example shows just how devastating not having insurance can be to your livelihood and can be the difference between your business thriving and you losing everything. Don’t take the risk. Put your business in the hands of EYIB today and get the cover you need in case a mistake is made!
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Potential Claims That Insurance For Construction Can Cover
Construction Claim Example
Here are some potential claims that could be made against you if you work in construction:
A client you’re doing work for comes to visit your construction site and trips over some tools that were left out. The client sustains injuries that result in medical expenses and they make a public liability claim against you for their pain and suffering. But with public liability insurance included in contractors all risk insurance, this covers the costs of the legal expenses.
You’re working with electricals during your project and a fire breaks out and causes devastating damage on your site. You realise you’re going to have to redo most of your work as well as replace materials which is not only going to be extremely costly, but you will end up losing money on the project. But having contract works insurance in place means that the rebuild cost is completely covered in this policy, so you won’t lose too much money if an unfortunate incident like a fire breaks out on site.
Some thieves target your construction site and they steal some of your extremely expensive machinery. Because of this you need to replace this equipment or you won’t be able to carry on the work you were hired to do, but this is going to be costly and you can’t afford for your finances to take this much of a hit. Owned plant insurance covers the cost of replacing any equipment that was stolen, so you can now get on with the project without delays.
What Our Clients Think
John was amazing—friendly, patient, and full of great advice. He really took the time to understand our charity and made sure we got exactly the right insurance. Highly recommend East Yorkshire Insurance Brokers
Billy Dasein
East Marsh United
Sarah provided excellent service, taking the time to review our sums insured and ensure everything was accurate. She pointed out gaps in our cover we weren’t aware of and explained everything clearly. We feel much more confident now. Highly recommend East Yorkshire Insurance Brokers!
Connor Hewson
Assured Marketing
East Yorkshire Insurance Brokers have looked after our insurance for several years, and we’re always impressed by the great service they provide. They’re professional, reliable, and always find us a competitive deal. Couldn’t ask for better!
Jason Kay
H2MO Limited
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Your Dedicated Insurance Broker For Construction
Your Dedicated Insurance Broker
Meet John, your dedicated contractors insurance broker. John is the founder of EYIB and knows the construction industry inside out. With his knowledge and expertise, he knows exactly what cover your business will need. He will spend the time to talk to you to truly understand what risks you will face day to day so he can be confident that he gets you what you need. His access to over 300 insurers means that he has the connections to make sure you receive the right protection every single time. If you’re in construction and you’re not sure what cover you need, give us a call today and put your business in safe hands.
Do I need insurance as a subcontractor?
Yes, whether you’re a labour only subcontractor or you’re a bona fide subcontractor, you will need insurance, most importantly public liability in case the work you do causes injury or illness to a third party.
Do I need insurance as a subcontractor?
What does contractor public liability insurance cover?
If you damage someone’s property while you’re on the job you could be sued for damages, but having public liability insurance in place will cover the cost of the legal expenses so you don’t have to suffer too much financially if you make a mistake.
What insurance should a self employed builder have?
If you’re a sole trader you probably don’t have as much of a budget as a large construction company, and if your tools that are necessary to complete your job get damaged or stolen, this will be extremely expensive to replace. Contractors all risk insurance for sole traders will cover the cost of replacing these crucial tools, helping you avoid delays.
What insurance should a self employed builder have?
What insurance does a contractor need?
If you’re a contractor and have subcontractors working for you, then it’s a legal requirement that you have employer’s liability insurance in place just like with any employees that you have – as you are still responsible for their wellbeing while working for you.