Builders’ Indemnity Insurance, Backed By ‘Exceptional’ Service
Builders’ indemnity insurance, also known as professional indemnity insurance for construction or contractor indemnity insurance, protects builders and other construction professionals should they be sued by a client over the advice they have given. Common reasons for a professional indemnity insurance claim within the construction industry are that the client feels the advice was wrong or inadequate and/or that it cost them money.
Almost all construction and building professionals will give their clients advice and as such almost all construction professionals should have builders’ indemnity insurance in place. Specific ones include:
All shapes and sizes, from those doing residential developments to larger industrial and civil engineering projects.
Whether a one-man builder or a small to medium building contractor we can arrange insurance for you including alterations and repairs through to new builds.
As a building surveyor giving clients is a key part of your job and so having professional indemnity insurance in place is seen by many as a must-have cover.
Being a quantity surveyor means offering professional advice daily, so again, having professional indemnity insurance in place is seen by many as a must-have cover.
Being the only contractor on a job means the client is likely to ask you for advice and you may well be responsible for holding plans and being held in their confidence, all of which makes having construction professional indemnity in place is important.
Sub-contractor of all kinds are vital to the construction industry, both labour only or bona fide and may be direct or via an employment agency requiring additional cover all of which we can help with.
We get asked a lot of questions about construction insurance, so to make getting the cover you need easier, here are our construction company insurance frequently asked questions and answers. We’ve covered the most important issues here, but if you’d like some independent advice, then please call us on 01482 434343 or request a callback. Our team of specialists will be happy to talk you through the options to ensure you get the protection that’s right for you.
Builders’ indemnity insurance also known as professional indemnity insurance for construction or contractor indemnity insurance, protects builders and other construction professionals should they be sued by a client over the advice they have given. Common reasons for a professional indemnity insurance claim within the construction industry are that the client feels the advice was wrong or inadequate and/or that it cost them money
No, but given the risks you run and the potential payout size, it’s well worth having it in place
Almost all construction and building professionals will give their clients advice, and as such, almost all construction professionals should have builders’ indemnity insurance in place
No, professional indemnity protects construction firms against the advice they give and some of the professional conduct. Public liability insurance protects them against claims for accidental injury or damage to property
No, but if you have employees, then you will need employers’ liability insurance
There are several ways you can potentially save on building site insurance. Use an independent insurance broker; use an independent construction insurance broker – not only can they do the shopping around for you, but they’ll also have both the insurer contacts and the specialist knowledge required to find you the cover you need. Limit the amount of advice you give and who within your business can give it, and stick to what you know. If recommending products, then stick with tried and tested ones that you can rely on. If you’d like some help getting cheaper insurance, call us on 01482 434343 or request a callback, and one of the team will be happy to give you all the help you need
Getting a quote is easy. You can get your builders’ indemnity insurance quote here, call us on 01482 434343 or request a callback, and one of the team will be happy to give you all the help you need
