Construction Insurance
Competitive construction company insurance backed by independent advice
Sandbach insurance brokers
Construction Company insurance
Looking for construction company insurance that’s backed by outstanding customer care? Call the JMG Sandbach team today on 0161 300 2930 and let our team of independent specialists compare the market to find you the construction public liability insurance that’s right for you. Whether you need construction all-risks insurance, public liability insurance, construction contractors’ insurance or comprehensive construction insurance, call us on 0161 300 2930 or contact us and let our team help you get the protection you need.
Why Get Construction Insurance From JMG Sandbach?
Since our founding in 1995, we’ve helped many, many clients get the construction insurance they need. They choose us as we offer a fantastic combination of service and value that gives you:
- Highly competitive cover from leading insurers
- Personal service from quote to claim
- Independent advice
- Help from insurance specialists who are experts in construction insurance
To experience our exceptional service for yourself, call us on 0161 300 2930 or contact us and let our team help you get the construction insurance protection you need.
What is construction insurance?
Construction insurance, also known as construction company insurance, offers building suppliers, tradespeople, and construction businesses the contractual, liability and professional indemnity insurance they need to cover their day-to-day risks. Construction insurance is a flexible policy, and we can tailor protection to your business’s needs.
What does construction insurance cover?
Common policy elements of a construction insurance policy include:
- Public liability insurance – or PL insurance as it’s also known, forms the basis of many construction insurance policies. It protects you/your business should a member of the public be accidentally injured or their property damaged because of your work. Construction often involves working in public spaces, and as accidents do happen, most construction firms see this as an essential cover
- Employers’ liability insurance – or EL insurance, protects employers from compensation claims from their employees should they be sued for loss or injury at work. If you have people working for your building firm, be they full-time, part-time, or contracted, then having employers’ liability insurance cover is a legal requirement. Failure to have a policy in place can lead to a £2,500 fine for each day you are without it. In law, the health and safety of your employees is essential, which is why you are legally required to protect your business from incidents such as:
- Someone having an accident at work
- A member of staff developing a medical condition through their work
- One of your employees having their property damaged at work
Your policy must:
- Cover you for at least £5 million of liability cover – construction firms often have policy limits of £10m or even higher
- Be through an authorised insurer
- Professional indemnity insurance – if you give clients advice – even routine advice like which products or which materials to use on a job – then you should include professional indemnity insurance as part of your construction insurance. It protects you against claims for loss or damage made by clients or third parties because of the impact of negligent services you’ve provided or negligent advice you offered
- Product liability insurance – if you recommend or supply a product and it fails, even if you didn’t manufacture it, then you can be sued for damages. Working in construction means recommending and using products all the time, so you and your business run a constant risk of legal action if something goes wrong with a product
- Joint Contracts Tribunal insurance (JCT insurance) – if you’re entering JCT contracts to do renovations for a homeowner, a commercial property owner or some large-scale job with a developer, then you’ll want to have JCT insurance in place. JCT isn’t a single policy but a collection of covers that can be arranged when a JCT is in place. Depending on the size and complexity of the job, JCT insurance can include cover for things such as:
- Contract works – also called contractors all risks (CAR insurance) cover or JCT Option C – contract works insurance protects you against risks like fire, theft, vandalism, and accidental damage to materials
- Owned and hired-in plant insurance – if you own or are hiring in plant equipment such as diggers, mobile lifts, or welfare units, owned and hired-in plant insurance will cover you if they are lost, accidentally damaged or stolen, and can even cover ongoing hire fees
- Delay in start-up insurance – DSU insurance as its sometimes called, protects you against any financial losses that occur because of a delay in the project’s completion
- Tools insurance – including for tools left in vehicles overnight
- Materials cover – including for materials being stored off-site by your client
- Carriage of your own goods insurance – covers a vehicle’s contents including tools and materials while being moved or stored overnight
- Plant and hired-in plant insurance – also known as construction plant insurance or construction fleet insurance, you can insure plant equipment such as diggers, cranes or welfare units, whether these are owned or rented
- Business interruption insurance – if a project grinds to a halt for some reason, such as a flood or a fire, for example, business interruption insurance will provide you with an income and cover your expenses until the project can get going again
- Structural warranty – provides building owners with ten years of protection from ‘latent defects’ to the structure of a building. Latent defects are ones that occur during the build period but aren’t discovered until after it’s been completed. Structural warranties are usually bought by the builder or developer, but this warranty will provide cover for the person who purchases the completed building
- Contractors’ all-risks insurance – known in the trade as C.A.R. insurance, this can cover all the risks you or your construction firm faces on one policy. From materials and projects in progress to public liability and employers’ liability cover, it gives you complete peace of mind
If you’d like some construction insurance advice, call us on 0161 300 2930 or contact us and let our team help you get the construction insurance protection you need.
Who needs construction insurance?
Anyone working in the construction industry can benefit from having construction insurance. Specific trades and groups include:
- Builders and building firms
- Construction firms
- Plumbers
- Electricians
- Building supply firms
- Building contractors
- Property developers
- Contractors and sub-contractors
How much does construction insurance cost?
Your construction company insurance premiums will be calculated based on factors such as:
- The level of cover you require – so the policy limits on things like your public liability insurance
- Which policy elements you’d like to include – if you have employees, you’ll need employers’ liability insurance, for example
- The value of your equipment
- The type of work you do – if you’re operating on high-risk sites or on motorway maintenance that may push up your premiums
- The size of your business
- The type and size of clients you work for – doing building work for homeowners will be seen as less risky than working on multi-million-pound commercial developments
- Where is your equipment stored at night
- Your claims history
- The duration of the work – the longer the project, the greater the chance of a claim
- The age, skills and qualifications of your team
Construction Insurance FAQ
Construction insurance can be a complicated area of cover. To help you get the answers and the protection you need, here are our construction company insurance frequently asked questions. If you’d like some personalised, independent help, then please call us on 0161 300 2930 or contact us and one of our construction insurance specialists will be happy to help.
No, but if you have employees, then you will need employers’ liability insurance
Construction insurance offers construction industry professionals and construction businesses the contractual, liability, and professional indemnity protection they need. Construction insurance is a flexible policy that can be tailored to cover to your business’s needs
There are lots of covers on offer, the most common ones being employers’ liability, public liability, contractors’ all-risks, materials, tools, professional indemnity insurance, contract works, plant insurance, etc. If you’d like some personalised, independent advice then please call us on 0161 300 2930 or contact us and one of our construction insurance specialists will be happy to help
Anyone or any firm working in construction or related industries can benefit from having construction insurance in place. This includes builders, plumbers, electricians, builders’ merchants, supply firms, building contractors, construction firms, contractors and property developers to name but a few
Yes, it can cover tools from theft from your van, so long as it’s locked and securely stored
Yes. The amount of cover varies from insurer to insurer, but a typical policy limit is around £15,000
Yes, it’s included under the public liability and employers’ liability sections of the policy
Yes, it can cover both owned and hired-in plant, including ongoing hire charges for hired-in plant
Yes, it can cover stock and materials stored off-site so long as this is noted in the contract, and they are stored securely
Yes, usually under the consequences of damage due to a defect in design, plan or specification, materials, or workmanship. A property in a defective condition is often excluded, though we can get an extension to cover that too
Getting a construction insurance quote from JMG Sandbach is easy. You can call us on 0161 300 2930, or contact us, and one of our construction insurance specialists will be happy to provide you with a quote
Contact JMG Sandbach
If you’d like some independent insurance advice or commercial insurance quote, please call our experienced team of independent insurance experts on 0161 300 2930 or contact us today and we’ll give you all the help you need protecting what matters to you.