When it comes to builders working on your property, you’ll want to know that everything is covered. The right insurance is one of the best ways to ensure that you’re not liable, should an accident occur. A reputable contractor will always cover themselves and their customers to provide confidence and peace of mind. So, if you’re wondering what type of insurance is important, read on to find out.
The Different Types Of Builder’s Insurance
There are three main types of builder’s insurance that can be acquired, these are the following:
Public Liability Insurance
Public liability insurance is essential for builders who work in public spaces. There are plenty of risks involved with construction work and if there’s an accident involving a member of the public, then it’s crucial to have insurance to cover this.
Employer Liability Insurance
Employer liability insurance covers a builder in the case of an employee getting injured at work. This is an important policy to take out as the most employed contractors are the individuals most at risk of injury when it comes to building site work.
Contract Works Insurance
Contract works insurance is for unexpected and unforeseeable accidents involving the project itself. If there’s a flood, freak storm or natural disaster that damages or delays a job, then this kind of insurance can cover the cost.
Which Insurance Should My Build Have?
The only mandatory piece of insurance that a builder needs is employer liability insurance. This coverage is enforced by the government to ensure everyone who works for a company is covered in case of an accident. However, it’s good to employ a builder who has all three. This way, you can be confident that all work taking place is covered for any unforeseen circumstance, and that all people involved are financially safe should an accident occur.
Contact Direct Maintenance For Professional Builders
At Direct Maintenance, we know how essential a professional and responsible work ethic is. All our contractors are highly trained to ensure all work carried out for you is to the highest standard possible. If you’re looking for a reputable and reliable builder for an upcoming project, get in touch with us today.
