Do Builders Need Insurance?

Builders are coming under more and more scrutiny as the home improvements start to boom. Every homeowner wants to make sure that the company that is undertaking the work on their home can be trusted and rightly so. Builders have to meet certain required guidelines these days and there are set standards one should put in place to protect both parties.

It is important that every builder is properly insured not only to protect yourself but to also put your client at ease. There are 4 types of insurance that every home improvements company should have. These include:

Public Liability Insurance
Employer’s Liability Insurance
Contractors All Risk Insurance
Professional Indemnity Insurance

Public Liability Insurance

Public liability insurance protects third parties whilst you carry out your work. This protects them from injury as well as damage to property. For example, if you were working on a property and a roof tile became loose and hit a passer by you may be considered liable.

It’s important to know that this cover doesn’t only insure those who are directly involved with the works but also those who aren’t too! It can protect neighbouring properties too if they were to suffer damage as a result of your work.

Employer’s Liability Insurance

Employers liability insurance is a legal requirement that every company must have if they employ anyone - even if it is on a casual basis. In the event that an employee is injured, employers liability insurance will keep you covered.

Contractors All Risk Insurance

Don’t forget contractors all risk insurance. Did you know a third of all builders often forget this type of protection for their business leaving homeowners to pick up the pieces. Any reputable tradesman will have this insurance in place to protect work already carried out in the event it was accidentally destroyed before completion. This cover is sometimes thought of as not necessary but why take the risk?

Professional Indemnity Insurance

Professional Indemnity insurance Liverpool is invaluable to any contractor as it protects you against claims made for inadequate services or advice. Not only will professional indemnity insurance cover the legal costs and expenses that occur during the claim but it also pays compensation to the client if you need to rectify the mistake.

Comments

Understanding Construction Insurance

Construction insurance North Wales , is made up of many different types of insurance depending on the level of cover needed for your business, however, there are three essential types of cover that you will need which includes, public liability, product liability and professional indemnity insurance. It is important to know the purpose of each type of insurance if you are a contractor so that you know that you have the correct insurance in place for your business. The last thing that you would want to do is fall short and be liable to claims that can set you back more than just money alone, when it could have been avoidable. Below is an outline of each type of construction insurance along with scenarios. Public liability insurance Public liability insurance covers you in the event that a member of the public is injured or damage is caused to them or the premises in which you are working. This may include the following: Injury. You are covered if someone makes a claim a

Why Get Company Formation Support For Your Business

Starting or running a business can be timely and a lot of work is required to ensure all areas are run smoothly. If you’re asking yourself where accountants Bangor near me are, you may be thinking about getting company formation support. So, why should you decide on getting this for your business? Let’s find out! What Is Company Formation? To start with, let’s dive into what company formation actually is. Company formation is the process of starting a business and planning the steps that are involved in this - ticking off all the necessary stages involved in forming a company. A company formation agent can offer invaluable advice and provide a heap of continuous support during the process of building the business. Efficiency Getting company formation support will ensure smooth running of the practices that need to be taken. Today, most registrations and forms have been moved online and are now paperless. This will ensure that there is no chance of spilled tea or dog eating my paper

Why You Need a Family Law Solicitor During a Divorce

Are you considering getting a divorce? You may be feeling overwhelmed and unsure of where to turn for help. One of the most important decisions you can make during this time is to seek out the assistance of a family law solicitors chester. At family law solicitors Chester, we have the expertise and experience to help guide you through the process of a divorce. We understand that no two divorces are alike and will provide personalised advice and support tailored to your individual circumstances. In this blog post, we’ll explore why you need a north wales divorce solicitors during a divorce and how long the process can take. The Process of a Divorce Divorce can be an incredibly difficult and emotional process. The way a divorce is handled can vary significantly depending on the circumstances, but the basic steps are similar. Before embarking on the process, it’s important to understand exactly what is involved. The first step in getting a divorce is for one spouse to file a Petition fo

UK Business Services

Search This Blog