What is Construction Insurance?

Construction insurance is a comprehensive package designed to safeguard your business from a wide range of potential risks. It is a flexible programme which can cover everything from the value of the contract works in progress to liability insurance for employees and members of the public.

What can be included under a Construction Insurance Policy?

A Construction Insurance policy can be an annually renewable policy for your contracting business which works at multiple contract sites throughout a year, or can be a single project policy for a one off renovation project you are doing to your home. Cover can include:

• Public Liability Insurance: Protects you against claims for injury or property damage caused to third parties, including bona-fide sub-contractors. Indemnity Limits available for £1m, although £5m is most commonly purchased and often more appropriate.
• Employers’ Liability Insurance: Covers claims from employees and persons under your supervision and control for injuries sustained at work, including labour only sub-contractors.
• Contract Works Insurance: Provides cover for physical damage to your work and that of subcontractors, for instance the contract value of an extension, from commencement to completion. Contract Works cover means in the event of theft of materials intended for that site, or damage to the works before practical completion has been achieved, your insurer will put you client back into the position you were in immediately before the loss.
• Plant Insurance: Can cover both own plant and hired in plant (often must be hired under Contractors Plant Association Hiring Conditions), as well as employees’ tools.
• Legal Expenses: A good legal expenses policy can extend to cover construction contract disputes.

Why Choose Daines Kapp for your Construction Insurance?

The construction industry is diverse, with projects ranging from small-scale renovations to large-scale developments. That’s why it’s crucial to have insurance tailored to your specific needs. Our experienced brokers can assess your business and recommend the right coverage.

We understand the complexities of the construction industry and can help you navigate the insurance landscape.

We work with a range of contractors, from main contractors, sub-contractors, specialist trade contractors as well as property professions, so you can rely on us to find the most appropriate cover for you.

Contact us today to discuss your insurance requirements with one of our expert brokers.