Stories and Features about Construction Insurance

Construction insurance is the name given to a selection of different types of insurance which offer cover for property projects. Depending on the type of construction project, you will need to consider a range of options to make sure that you are fully protected again claims.

Rather than listing out every type of insurance ever created, we have listed below the main types of insurance that are required when building new or renovating existing properties, or to protect property owners, construction companies, property developers or trades working on site. Continue reading “What is Construction Insurance?”

As a trades business, the opportunity of taking on a large project can be daunting, but it allows you to grow your business thanks to the networking and client opportunities available. Whether it’s a building project for the local government or a large skyscraper construction project, it’s important that you protect yourself during these high-risk trades because there are many factors that could go wrong and ultimately harm your business. Continue reading “What are high risk trades and what insurance would be most beneficial?”

Insurance acts as a key safety net for your business. In the event of a potential disaster, the right insurance cover will guarantee that your business model is protected, and you will be able to continue as usual. However, there are numerous factors to keep in mind when you take out any type of insurance. Here are some of the key variables to consider. Continue reading “A checklist of what you need to consider when taking out insurance”

As the name suggests, unoccupied property insurance is a type of insurance for properties that aren’t lived in. It can cover a range of things, including: Continue reading “Unoccupied Property Insurance, do I need it?”

Home renovation can be a huge and demanding project and is rarely something you’ll be able to do alone. Often, renovators will hire a group of people to assist them with achieving the results they really want, such as construction workers, project managers, and architects. One of the most important people in a big renovation project is the architect. The architect comes up with detailed plans, making sure that everything is going to be safe and appropriate for the finished result – however, they can find themselves taking on a number of roles throughout the day. They may mediate, oversee construction, push the project forward, and more. Continue reading “Tips and advice on finding the best Architect for your project”

At the moment, business costs are climbing, with budgets being stretched further than ever, constantly under scrutiny. Plumbers are one set of traders that are being hit in the bank account, and as much as possible, plumbers will want to cut down on all unnecessary expenses. Continue reading “Why do you need Plumbing and Heating liability insurance?”

Common in the construction and real estate industries, performance insurance bonds provide security to parties in the event that a project fails to reach completion. Following a bid process, the successful contractor will typically provide their client with a performance insurance bond. If the contractors fail to successfully complete the project, perhaps due to bankruptcy or a loss of workforce, the client can obtain compensation up to the value of the insurance bond.
Continue reading “How to save money on performance insurance bonds”

If you are working in the construction industry, then it is crucial that you do invest in insurance for your property development. This will protect you from financial issues that could cripple a project and ultimately your business. There are a variety of issues that you can face with property insurance so let’s look at how to solve these the right way. First, it’s important that you understand what property development insurance is and how it can help you.
Continue reading “How to solve issues with property development insurance”

Legal Indemnity Insurance is a procedure which has the ability to protect you if there is ever any action taken against you with regards to a legal defect. An example of a legal defect could include the absence of planning permission for a patch of land or a restricted agreement that might limit any work being carried out on a property.

Continue reading “The lowdown on Legal Indemnity Insurance”