Builders Insurance
Insurance for business is hardly likely to be the first thing on your to-do list, but getting it sorted is a vital step in creating a solid foundation for your livelihood. If you are a builder, with a business employing other workers or on your own on a self-employed basis, there are certain insurance products you need to consider.
If you are an employer, which the law regards you as if you employ workers in any role at all, you need to include employers’ liability insurance within your package of policies. Any vehicles you run for the building business, for example vans, trucks or cars, need to have valid motor insurance.
There are other insurance products that, while not legally compulsory, are effective ways to secure your business and your livelihood, allowing you to build a foundation that will lead you well into the future. Any premises you use for the builders business should be protected using buildings and contents insurance, which should be designed to cover your equipment, including machinery, tools and any computers or cash handling utilities you use.
Anyone working as a builder would be wise to opt for public liability insurance within their policy package. When you carry out building work for customers and clients, there is always a strong chance you will end up causing damage to property or even to a person. Public liability is a vital asset for people who are sued in such circumstances. You can also opt to provide health and life insurance for your employees and yourself.
