Did you know that Construction is officially the highest risk industry in the country? It’s a worrying fact that nearly a third of work-related fatal injuries last year occurred in the construction industry. And that doesn’t take into account the large number of non-fatal accidents and injuries to workers. It also doesn’t include injuries and fatalities to the public. In short, construction is a potentially dangerous profession, so you need to protect yourself, not just physically, but legally and financially too. You need to protect yourself from claims against you that could arise from injuries to staff, damage to buildings, vehicle-related accidents, faulty workmanship and legal fees. At Construction Insure we specialise in insurance for the construction industry and the high-risk aspects of it. And we’re dedicated to finding you the right Liability Insurance cover at the most competitive premiums.
Employers liability and Public Liability
If you employ and pay staff, whether directly or to sub-contractors, who don’t have their own insurance, you need to have employer’s liability in place. While each of your employees means another risk for insurers, and higher premiums for you, non-disclosure is not an option. If your actual employee status is discovered at the point of claim, which is usually the case, then insurers will not pay. This leaves your company exposed to legal action and punitive costs from your client, which you will have to pay directly.
Employers Liability Insurance covers any staff or sub-contractors you’re using too. Did you know, if you pay wages directly to sub-contractors, they’re legally your employees if that equates to over 20% if their income. Therefore, it’s your responsibility to make sure you have cover in place for them and figures are correctly disclosed, in case they get injured or develop work-related health issues.
You’ll need to have policies such as Public Liability Insurance in place too, in case an employee’s actions injure a member of the public. It’s important to note that the Public Liability limits your company holds will have to be matched by the sub-contractor. Otherwise your sub-contractor’s insurance will fail and your own policy may have to pick up the shortfall. For example, if your sub-contractor only had a limit of £1 million but had caused £3 million pounds worth of damage, you or your insurer would have to cover the £2 million difference – or risk being sued by your client.
Health and Safety
It’s also important that you follow the Health & Safety guidelines designed keep your staff safe at all times too. Failing to do so could impact any insurance claim you make - or that could be made against you. And without a valid insurance policy in place, the cost of a claim against you could bankrupt your business and destroy your livelihood. It’s our job to make sure you avoid that happening to you. We’ll talk with you to understand the work you’re doing and your budget. Then we’ll clearly explain what you need covered and why. And we’ll tell you what your insurance will cost you, with no hidden surprises. We have four decades of construction industry experience and a range of reliable contacts we work with. So, we know we can get you the right liability insurance package.
Need Insurance? Get in touch today!
Whatever your liability insurance requirements, please get in touch today for a free no obligation quotation.
GETTING THE RIGHT LIABILITY INSURANCE
Standard and Optional Liability Insurance Cover
These are a few of the standard types of insurance we can cover you for:
- Employers Liability: £10 million.
- Public & Products Liability: £5 million, including damage to property being worked on.
- Financial Loss: £100,000.
- Professional Indemnity: £100,000.
The optional cover, which can be added to your policy, includes:
- Contractors ‘All Risks’ in relation to contract works.
- Your own and hired plant and employee tools.
- Defective Workmanship.
- Products Efficacy.