Being a demolition specialist, you will understand that the work you do is different to many other building contractors. You therefore need your demolition contractors insurance policy to meet your requirements. You face risks that other contractors don’t, and you need the right insurance to protect you against those risks. However, you also need to work with an insurance broker that understands your specialist area and the health and safety measures that you have in place.
The changing world of demolition contractors.
Demolition contractors are considered one of the most hazardous trades in the construction industry but the days of ball & chain and explosives, if not gone, are quite rare except on certain types of demolition. The usual contractors will be using excavators, high reach, and long reach machines. So much of the materials can be recycled that strip out procedures to protect bricks or other recyclable materials are adopted.
Whatever methods are used the health & safety regulations make demolition sites a much safer environment. At Bruce Burke we understand these changes to your profession. We work with you to make sure that your demolition contractors insurance protects you for your actuals risks compared to someone else who may not understand your sector who may build an insurance package designed for an outdated perception of your risk.
The core covers for Demolition contractors are: –
Public Liability
This is also known as third party liability as it covers you against being sued by third parties for damage to property or injury to a person caused by yours or your employee’s actions. Indemnity limits are usually between £2 million & £10 million. Find out more about Public Liability insurance here.
Employers Liability
This is a compulsory insurance for any company that has employees or uses labour only sub-contractors. It provides financial protection from being sued by an employee injured at work as a result of the employer’s failure to provide a safe place. The indemnity limit is usually, £10 million.
Optional Extras
Contract Works Insurance
This will cover you for materials on site and all the work that you have competed in the contract. So that if on the day you are due to complete your contract and there was a fire which destroyed your good work the insurance company would pay for your work to be done again. It is not just fire but any accidental incident or peril that is covered.
Plant & Tools Insurance
Own plant & hired in plant can be added to your policy at inception. Each policy will be different but there will certain security conditions which have to be adhered to so as to avoid theft and reduce claims. This can be useful if you regularly hire plant and have been using the hirers insurance, we have found this is usually more cost effective but that is a conversation we can have when discussing your demands & needs. Find out more about plant insurance here.
Professional Indemnity
If you are giving advice or designing any contracts you may require professional indemnity. Find out more about Professional indemnity here.
Legal Expenses Insurance
This covers the cost of defending legal claims that could be made against you or your business. It can cover solicitors’ fees, the cost of barristers and expert witnesses, court costs and claimants’ awards in civil cases.
