The first thing to know is, that there are multiple kinds of construction insurance out there, and that you need to have the right level of cover in order
to be able to work legally and safely.
Public liability insurance - This policy protects against injuries caused to third parties (people who are not employees) and their property.
If you work near other people and other people’s property, then this policy will protect against any claims for damages made
Product liability insurance - Similar to public liability insurance, but this provides protection against liability for injuries caused
to other people or damage to property that has been caused by products you create, build, manufacture, supply or import. If you undertake any of these
activities, and these products are used by people on or off your construction sites, you should consider this cover
Employer liability - This will protect you, as an employer, against claims made by employees for illness or injuries. If you employ others
to work for you, then employer liability cover is required by law
Contractors all risk - This kind of policy provides protection against physical damage to site materials and works that you have been
asked to undertake. If a contractor causes damage to a property or area that you were hired to work on, then contractors all risk insurance will protect
you, as opposed to public liability policies which tends to exclude this kind of damage
Professional indemnity insurance - This protects you against any claims made for damages or losses due to professional negligence or advice
given by yourself. If you provide advice or have any kind of design responsibility to construction sites, then consider this policy
Structural warranty - If you build or buy new buildings, structural warranty will provide you with 10 years of protection against ‘latent
defects’ in the structure. Although this kind of policy is often purchased by the developer or builder, it will cover the person who purchases the