It does not matter if you are setting up your business from scratch or have been working for years and years, having the right builder’s insurance in place is vital in ensuring that your business operates successfully and compliantly. Builder’s liability insurance is one of the most important and most common forms of cover you should consider when taking out insurance.
Why do you need builder’s liability insurance?
Operating as a builder brings with it potential risks and dangers that can cause accident or injury at almost any time. Whether you are working in a customer’s home or on a building site, being aware of the potential hazards around you is very important. Taking safety precautions is key in ensuring that you are safe in your work but taking out insurance provides that additional support that if an accident or injury were to occur, then you would be covered.
What is builder’s liability insurance?
Liability Insurance for builders is an example of key protection in those events of negligence or accident that may occur whilst at work. Although we all take pride in the work we carry out and aim to always operate at a high standard, accidents happen, and in these cases having the right insurance in place is vital.
Our policies provide cover in the event of the work you are performing causing accidental death or injury to a customer or member of the public. An example of this would be someone tripping on one of your tools and injuring themselves.
The insurance also provides cover in the event of damage caused to third party property as a direct result of the work that you are undertaking. An example of a claim in this case would be if you accidentally smash a customer’s window with a ladder.
There are many benefits of having builders’ liability cover in place. Of course, there are the obvious advantages of protecting your business, but the perks of having the right cover in place do not stop there.
For anyone working in the building and construction trade, being able to prove that you have the right liability insurance in place adds value to your service.
When attracting customers and contracts builders want to be able to show their quality and compliance. Being able to portray that you have done your due diligence and have put the right procedures in place to protect your business should something go wrong offers potential client’s confidence and reassurance that your business is operating compliantly.
We at Rhino Trade Insurance offer liability insurance for builders at a very competitive price. Our premiums start at less than £8.50 per month and offer full comprehensive cover for anyone operating in the building and construction trade. Rhino takes pride in our low-cost insurance premiums and are proud to say that we offer cheap builders liability insurance. The cost of your insurance premiums should not be something that breaks the bank, and by choosing Rhino you can purchase insurance confidently in the knowledge that you are getting quality cover at a great premium.
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