Builders insurance is important to cover by the business, and the customer for accident, emergencies and unforeseen circumstances. With so many different types of insurance available, it may be a bit confusing to know what your builder should have. At Killian Construction, we understand how essential being insured is. Therefore, we’ve put together a guide on what insurance to look out for and ask about for your potential building projects.
The Different Types Of Builders Insurance
There’s a range of different insurances available for construction companies, however, the three main policies to ask your builders about are as follows:
Public Liability Insurance
Public liability insurance covers you for any injuries or accidents that occur to members of the public on your property. A construction site contains a lot of dangerous works, including heavy machinery and power tools. Therefore, it’s important that the customer knows all potential accidents are covered on their property but those responsible.
Employer Liability Insurance
Employer liability insurance is the same as public liability, only it is specified for the employee of a business. This insurance covers workers who are injured, or affected by the negligence of their employer. However, it could be argued that any builder intelligent enough to have employer liability insurance would not be careless enough to put their employees in unnecessary danger.
Contract Works Insurance
Contract works insurance is there for the unexpected. It covers you in case of natural disaster, weather or any other act that results in damage to a project. This is important because without this type of insurance, there’s nothing in place to cover the costs of repair.
Which Insurance Is Mandatory?
The only type of insurance that is legally required is employer liability insurance. This is due to the business nature of the employer/employee relationship. However, we advise making sure your builder has all three types of insurance to make sure that all areas are covered.
Get In Touch With Killian Construction For Professional Builders
At Killian Construction, we know how important it is to be covered. If you’re looking for commercial or domestic builders, then get in touch with one of our team to book a free quote, or discuss a project.