Construction Insurance provides protection for builders during the period of construction and for your broader business activities as a builder. It is an essential form of protection to ensure your assets and liability are properly insured.
Crucial Insurance is a multi-award winning Construction Insurance Specialist
What is Construction and Builders Insurance?
A comprehensive Construction and Builders Insurance policy provides protection for assets during the construction period and protects your business against any legal liability claims which arise as a result of the construction project.
Who needs Construction and Builders Insurance?
Any contractor or builder that is responsible for carrying out works on site should consider a Construction Insurance policy that provides Contractors All Risk coverage. This is to ensure you are protected for any loss or damage to your assets that are on-site during the construction period.
Construction Insurance: what is covered?
A Construction Insurance policy is generally provided under 2 sections.
The first section will cover your assets and property during the construction period. This includes accidental damage, theft or loss of on-site materials including building materials, tools, plant and equipment during the construction period.
Key benefits which can be included under the property section of your construction insurance policy include:
The second section will cover your legal liability for any claims which are made against you as a result of your construction activities. A comprehensive construction insurance policy will also extend to cover completed operations liability which ensures you are protected for any legal liability claims which arise once you have handed over the work.
It is important to ensure your Construction Insurance extends to include the following forms of legal liability:
Construction Insurance: what's not covered?
A Construction Insurance policy does not cover the following:
Why choose Crucial Insurance for Construction Insurance
When it comes to Construction Insurance and Builders Insurance, we treat our clients’ businesses as ours. And this isn’t just lip service: with our high client retention rate, we were recently awarded Advisr’s “Top Rated by Customers” Finalist award for our client reviews.
As business insurance brokers, we do the heavy lifting for you: we help you find the right insurance, strategise ways to lower your premiums, negotiate claims on your behalf and work to make sure your policies remain up to date.
To get a quote that provides you with the right cover it's important you speak with a Construction and Builders Insurance expert who can advise you how best to design your Contractors All Risk Insurance.