Builders Insurance

What is Builders Insurance?

Builders Insurance isn’t a one-size-fits-all policy, but an umbrella term for a number of different covers that can be combined and adjusted to suit any professional working in the building trade.

Every builder has different insurance needs, and at BJP we’ll work with you to find the right plan to make sure you’re fully protected against the risks you face. Here are some of the most common covers that we offer to builders:

Public Liability Insurance.

In recent years there’s been an increase in the number of individuals seeking compensation arising from Building professionals acting negligently. In fact, lawyers actively seek clients – and builders can be an easy target. If your business were sued, Public Liability cover would cover your legal fees as well as the damages you owed.

Employers Liability Insurance.

If an employee – whether full-time, contracted or casual – were to injure themselves on site and decide to take legal action, you could face huge compensation costs. Employers Liability covers you against lawsuits arising from within your own business.

Contract Works/Contractors All Risks Insurance.

This insurance covers the cost of physical loss or damage to building work, and can be extended to include own plant, hired-in plant, employee’s tools and public and Employers Liability Insurance. Because building jobs typically involve contracts, this is an important type of insurance for builders.

Professional Indemnity Insurance.

As a professional working in the building industry, your job involves specifying products or materials, giving advice to clients. However, if that advice were found to be ‘bad’, your client could sue you for the cost of the resulting financial loss. Professional Indemnity Insurance protects you in these cases.

Other popular covers include:

• Tools Insurance
• Commercial Vehicle Insurance
• Motor Fleet Insurance
• Office Insurance
• Professional Indemnity Insurance
• Tax & VAT Investigation Fee Protection
• Tax & VAT Investigation
• Legal Expenses Insurance
• Directors & Officers Liability Insurance

Who needs Builders Insurance?

Anyone working in the construction trade should take out insurance. However, Builders Insurance is especially relevant to contractors who supervise either their own team of employees, self-employed individuals, or other small firms. These employees may use your equipment, their equipment, equipment hired from a third party, or a combination of all three – which can make insurance requirements complicated.

Builders Insurance can also be a good choice for sole-traders offering specialist services. Again, if an error or accident were to happen on site, the blame might fall on you – in which case you could find yourself liable for unmanageable legal costs. Builders Insurance protects you on all fronts.

Why choose BJP to insure you as a builder?

These days it can seem quick and easy to take out Builders Insurance online. However, it’s not always clear what you’re buying in these cases – and the small print of cheaper policies can sometimes reveal nasty surprises.

A professional broker such as BJP can help you identify your insurance needs exactly, so that you’re neither overpaying for cover that isn’t relevant to you, nor underpaying and leaving yourself vulnerable to risks.

We understand the building industry and have ample experience in matching businesses of all sizes with high quality Builders Insurance. We take the time to ask you the right questions to get the best policy in the first place – and then, if you need to make a claim, we can guide you through the process, ensuring a speedy and fair outcome.

BJP is one of the UK’s most successful independent insurance brokers serving businesses throughout the country.

BJP is not a fill-in-the-box broker, but a company of professionals who will stay in touch with your business and provide effective solutions to your insurance and risk management problems.