Builders insurance provides specialist liability insurance cover for sole traders and businesses in the building and construction industry.
Policies are available for over 100 different trades providing public liability cover for legal costs and any associated compensation payments should you, or one of your employees, cause property damage, or injury to a third party in connection with your business.
If you sub-contract to a larger firm, it is highly likely that they will ask you to provide proof of cover before the commencement of any building work or when tendering for a job. If your insurance is already in place, it makes the whole process much smoother.
At Insync, our builder insurance policies come with public liability and products liability as standard to protect you from the risks associated with products you supply, design or manufacture. You can also extend Builders insurance packages to cover all of your specific requirements such as employers liability for injury to employees or sub-contractors and loss or damage to tools or equipment.
We can provide full builder insurance cover for:
Public Liability is a key part of any business insurance, especially for trade services completing work on third-party properties. PI dor builders insurance will protect your business from financial losses following a compensation claim for third-party personal injury or property damage. In the event of a claim, your policy will respond and cover both legal fees and full compensation payments up to your level of indemnity. Public Liability is a standard part of most business insurance policies.
Your builder public liability insurance will also cover you in cases of accidental damage to property or third-party injury when you are working outside of your home. For example, if you visit a client site for a meeting or to carry out work on their property. Our specialist team can make sure you have adequate insurance for your builder business activities that will shield your business from both legal fees and potential compensation costs.
Whether you are a one-man-band, partnership or limited company, buying business insurance cover is a breeze! Quickly enter some brief details about your business and trade, and our secure online system will compare quotes for builders cover from up to 10 of the UK's leading liability insurers.
You can buy your business insurance policy online and receive your insurance certificate and policy documents in minutes – quick, simple and affordable!
01200 309 516
Public Liability Insurance
Plant Insurance & Hired In Plant Insurance
Business Equipment Cover
Personal Injury Insurance
Professional Indemnity insurance
Employers Liability cover
Business Interruption Insurance
Business Contents Insurance
Contractor's all-risk cover
All of which can be arranged by our specialist insurance team over the phone. No forms, no fuss.
We compare prices and business cover from our panel of leading insurers
Instant quotations - cover and policy documents in minutes
Flexible cover & monthly payments – just pay for the sections you need
Expert advice from Construction Insurance specialists
Specialist Business Insurance Broker
Personal – Digital servicing AND your own dedicated insurance professional
Find peace of mind and financial protection with a builder public liability policy.
Builders public liability insurance is not compulsory; however, it should be regarded as essential for any manual trade. Without it, you will be personally liable for incidents of personal injury, accidental death and property damage concerning members of the public. It can cover you for anywhere from work on a building site to work in a client's private home.
How much cover you need will depend on your unique circumstances. For example, a self-employed builder's business insurance will be very different from a large construction company, but we can cater to both.
Our team can assess which cover you will need based on where you work, how large your business is, what kind of work you are carrying out and how high risk it is. Think about the maximum property damage you could cause as well as the risk to the public.
If you are sub-contracting to another firm, they will likely specify a minimum level of cover required. Typically this will start from £2m for public liability insurance but can rise to £5m when working on larger projects or for the local authority.
Prices start from as little as £50 (plus insurance premium tax), but the specific cost of cover depends on several simple rating factors:
Our team can compare prices for builders insurance from a range of insurers. Choose what you want in your policy rather than paying for extras you don't need.
Our Insync Builder's insurance comes with access to a discount on our online tool insurance at Covermytools.co.uk. Premiums start from as little as £50 per year including full overnight theft cover, with tools sums insured from £1,000 to £25,000.
What's more, Covermytools customers also receive a free Datatag security marking system worth £49.99. We know how tools can have sentimental value, so our customers have this gift to increase their chance of being reunited with their tools if they are stolen.
Unlike Public Liability Cover, Employers Liability is a legal requirement to cover any employees that you have. Not having the correct cover can result in fines of up to £2,500 a day.
An Employers Liability policy will cover you for the same risks as Public Liability: personal injury, accidental death or property damage, but only concerning to your employees. The reason for this is, as an employer, you have a legal obligation to make sure that if an employee is injured while working for you, they can receive the compensation they deserve through your insurer.
This applies to all employees, including casual or temporary employees, full-time and part-time staff, unless that employee is a close family member. If you think you might be exempt from needing Employers Liability, be sure to contact us to make sure.
Business Interruption insurance helps you financially recover following an insured event such as a fire or flood at your business location.
While Business Interruption is an optional cover, it comes highly recommended for any business owner working from business premises, especially if you are responsible for employee wages, rent and other fixed costs, all of which you would still be responsible for, even if you cannot trade from your location during repair following a claim.
If you're a contractor, professional indemnity insurance can be a business saver! Professional indemnity insurance will provide cover in the event a client claims professional negligence. As you are offering a professional service, legally, you have a heightened duty of care to your clients who trust your expertise. Therefore, if anything were to go wrong, you also have heightened responsibility and are financially liable for any losses.
For example, you are renovating office space for a client, and you estimate that the work will take around three weeks. Unfortunately, there are delays in the work, and the job ends up taking nearly five weeks. However, the client had advertised a grand opening for three weeks after the commencement of the works. When the client claims compensation, your Professional Indemnity insurance responds and covers both the legal expenses and the compensation costs.
Whilst fixing new facia boards to a local property, a builder drops his hammer which falls 10 metres onto a passer-by causing a shoulder injury.
The builder receives a compensation claim for shock and injury as well as a loss of earnings. Total claims estimates exceed £15k. The builder's public liability insurance responds and covers both the legal costs and the costs of compensation payable to the claimant.
Some claims can run into millions of pounds, just think of the above example, the hammer could easily have caused a life-threatening brain injury, leaving the claimant needing permanent care support.
Without adequate builders insurance cover, you may be personally liable, leaving all your assets, and even your home, at risk.
Professional Indemnity cover, sometimes known as Professional Liability cover, will protect you in the event one of your clients feels you have been professionally negligent.
For example, your firm sub-contract an architect to draw up plans for an extension but, once you've built it, your clients are displeased with the finished result.
While you might expect this to be the responsibility of the architect, your clients trusted your professional expertise and found you negligent. In this case, your firm would be required to pay legal fees and face the financial loss of paying compensation.
With the correct level of cover, your Professional Indemnity Insurance would respond to the claim and protect your firm from the financial burden of an expensive negligence case.
Insync Insurance Solutions Ltd
9 Albany Park, Cabot Lane
Poole, Dorset BH17 7BX
t. 01200 309516
© Insync Insurance Solutions Ltd 2020 All rights reserved. Insync Insurance Solutions Ltd is authorised & regulated by the Financial Conduct Authority where our reference number is 766691. Our registered office is Midland House, 2 Poole Road, Bournemouth, Dorset BH2 5QY and we are registered in England under company number 08810662. Should you have cause to complain, and you are not satisfied with our response to your complaint, you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service Exchange Tower, London, E14 9SR | Tel: 0800 023 4567 or 0300 123 9 123 | www.financial-ombudsman.org.uk | Privacy Notice | Terms Of Business