Compare builders' insurance

Builders' insurance is a critical financial safeguard for UK construction businesses, offering protection against the various risks inherent in the building and trades sector. It can provide protection from potentially devastating financial consequences of workplace incidents, client disputes, and equipment-related losses.

Key coverage areas:

• Professional indemnity protection against workmanship claims

• Public liability insurance for third-party injury or property damage

• Tool and equipment coverage for loss, theft, or damage

• Workplace accident and injury compensation

A flexible builders' insurance policy will allow you to customise coverage to match your operational needs. Whether you're a sole trader, small business, or large construction firm, tailored insurance solutions can protect your financial stability and reputation.

Builders' liability insurance offers crucial protection in the event that you're held responsible for accidents involving injury to others or damage to their property. With this coverage, you're safeguarded against claims for compensation, legal fees, damages, and loss of earnings.

Here are a few examples of incidents that builders' liability insurance can cover:

• A digger on your construction site ruptures a water pipe or damages an optical fibre cable serving a neighbouring property.

• Roof tiles from a building you're working on slip and injure a passer-by.

• Bricks from a wall you're demolishing fall onto a car parked in a nearby driveway.

Builders' liability insurance ensures that you're financially protected from the risks of working on-site, allowing you to focus on your projects with peace of mind.

Typically, if you employ anyone based in the UK, other than direct family members, you are legally required to have employers' liability insurance. Failing to do so can result in a hefty fine of up to £2,500 per day. You’d also face a £1,000 fine if you don’t display your Employers’ Liability Certificate where staff can see it, or if you refuse to show the certificate to an inspector when asked. 

While other types of builders' insurance are not legally required, they can still be crucial for your business. Many clients will expect you to have appropriate insurance coverage, as it demonstrates professionalism and reassures them that you're the right choice for the job.

Additionally, some professional bodies may require proof of public liability and professional indemnity insurance to gain membership or accreditation, further highlighting the importance of having comprehensive cover.