Construction Insurance
Compare construction insurance quotes with get indemnity™ to guard against potential liabilities
Get indemnity™ construction cover
Builder's Construction Insurance
Designed to protect the financial security of contractors in the building industry
At get indemnity™ construction insurance starts at £298 annually or £24.83 monthly. Below we consider what cover you need to protect your interests and how to purchase cost-effective construction insurance.
Get indemnity™ construction insurance
Which construction insurance covers you decide to purchase will depend on a number of factors including your activities and contractual requirements. Contractors 'all risk' insurance is commonly purchased throughout the construction industry.
What is construction insurance?
|
Contract Works Insurance |
Public Liability Insurance |
Product Liability Insurance |
| Employers Liability Insurance |
Own Plant and Equipment |
Hired-in Plant and Equipment |
|
Employee Tools Insurance |
Non-negligence Insurance |
Business Interruption |
|
Personal Accident Insurance |
Terrorism Insurance |
Legal Expenses Insurance |
Additional construction insurance covers:
The above construction insurance is also considered in conjunction with traditional covers such as: PI insurance, director's liability insurance & fleet insurance.
Who should purchase construction insurance?
Wide range of trades and professions
Construction insurance can offer protection against a wide range of trades and professions including, but not limited to:
Do we need construction professional indemnity insurance?
The requirement to purchase this construction insurance will be based on your responsibilities and contractual obligations. We've produced a useful guide: Do we need design & build professional indemnity insurance?
How to compare construction insurance quotes?
Construction insurance cost will depend on a variety of factors including:
- allocation of turnover & wages between different construction activities;
- nature and size of your largest projects; and
- details with respect to work at a height, work with heat, excavations, or use of industrial machinery.
Types of construction insurance:
The below guide identifies different scenarios and the types of construction insurance available to provide financial protection.
What would happen if.. |
Construction Insurance: |
What the cover does: |
|---|---|---|
| There's a fire at your construction site and works you have completed have been destroyed. |
> Contract Works > Contractors All Risk |
Protects the work in progress on a construction site in the event damage occurs as a result of an insured peril. |
|
An independent contractor falls in a trench and causes a serious head injury. |
> Public Liability > Contractors All Risk |
Protects the company against legal costs incurred in defending the allegation; and damages from any award or settlement. |
| An employee falls while climbing a ladder and causes a serious back injury. |
> Employers Liability > Contractors All Risk |
Protects the company against legal costs incurred in defending the allegation; and damages from any award or settlement. |
| A client requests financial compensation for a design error that has led to a roof collapsing. |
> Professional Indemnity
|
Protects your company against legal costs incurred in defending the allegation; and damages from any award or settlement. |
| An employee’s tools are stolen when left on a construction site. |
> Employee Tools > Contractors All Risk |
Protect against damage to personal tools and effects belonging to an employee. |
| Damage to your equipment, such as an excavator occurs during a construction project. |
> Own Plant > Contractors All Risk |
Protects against damage to own plant and equipment whilst in your custody or control or hired out under a defined agreement. |
| Damage to your equipment you hire-in occurs during a construction project. |
> Hired-In Plant > Contractors All Risk |
Protects your legal liability under the terms of your hiring agreement to pay compensation for damage to hired-in plant whilst in your custody or control. |
| A neighbour requests financial compensation against your principle after damage to their property during the works you have undertaken. |
> Non-Negligence > Contractors All Risk |
Protects against claims should there be damage to a neighbouring property due to collapse, subsidence, heave, vibration, weakening or removal of support, or lowering of groundwater, which is not the result of negligence. |
|
An accidental bodily injury, such as a loss of sight occurrs to one of your employees. |
> Personal Accident > Contractors All Risk |
Offers financial support as defined in the policy schedule. Benefits will be payable for death or disablement and related medical expenses. |
|
Your business was unable to trade as a result of an insured peril. |
> Business Interruption > Contractors All Risk |
Protects against the loss of income from being unable to trade as a result damage from a range of insured perils. |
| A product that your company imports causes injury to a customer and they claim for financial compensation. |
> Product Liability > Contractors All Risk |
Protects the company against legal costs incurred in defending the allegation; and damages from any award or settlement. |
| A director is investigated and prosecuted by the Health and Safety Executive. |
> Directors and Officers > Management Liability |
Protects insured persons against legal costs incurred in defending the allegation; and damages from any award or settlement. |
| An employee claims sexual harassment against their supervisor. |
> Employment Practices > Management Liability |
Protects the company against legal costs incurred in defending the allegation; and damages from any award or settlement. |
| You discover an employee has been stealing thousands of pounds of materials. |
> Crime Insurance > Management Liability |
Protects the company against financial loss from the theft of property, money or securities by an employee. |
| A fraudster pretending to be a supplier reports their bank details have changed and payment is sent to the wrong account. |
> Social Engineering |
Protects the company against financial loss from the theft of property, money or securities as a result of social engineering. |
| A cyber security breach occurs, and thousands of customer’s details are stolen. | > Cyber Insurance | Protects the company against financial loss arising from security and privacy breaches. Can include first and third-party losses. |
| A van accident occurs with one of your drivers at fault. |
> Fleet Insurance |
Protects from an accident causing damage or injury. Comprehensive cover will provide for damage to your car, van or haulage vehicle. |
This guide is for information purposes and based on sources which we believe are reliable, the general risk management and insurance information is not intended to be taken as advice with respect to any individual circumstance and cannot be relied upon as such.