Insurance for

Building Contractors & Sub-contractors

Provides coverage for potential risks and liabilities associated with construction projects, including property damage, injuries, and other unforeseen events, ensuring financial protection for all parties involved in the construction process.

Business Insurance for Building Contractors and Sub-Contractors

Why do

Building Contractors & Sub-contractors Need Insurance?

Construction projects inherently involve various risks, such as property damage, accidents, or injuries to workers and third parties. Insurance provides financial protection against these potential liabilities, ensuring that any unexpected costs or legal claims are covered, preventing severe financial setbacks. Additionally, many clients and project owners require contractors and subcontractors to have insurance as a prerequisite for working on a project, as it demonstrates a commitment to safety and risk management. 

Cover Types for

Building Contractors & Sub-contractors

These insurance types address the varied risks faced by building contractors and sub-contractors, from on-site injuries to equipment loss, providing comprehensive protection for their business operations and assets.

Professional Liability Insurance

Professional Indemnity Insurance

Important for contractors involved in design, consulting, or advisory services, covering claims of negligence or errors in work that result in financial losses or damage to clients.

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Tools & Equipment Insurance

Protects tools, machinery, and equipment against theft or accidental damage, essential for contractors and sub-contractors who rely on expensive, specialised equipment to perform their work.

Income Protection Insurance

Provides financial support if the contractor is unable to work due to illness or injury, which is valuable for self-employed contractors or sub-contractors who rely on physical capability for their income.

Commercial Vehicle Insurance

Covers company-owned or leased vehicles used for transporting equipment or materials, protecting against accidents, theft, and damage to vehicles essential for the business.

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Workers' Compensation Insurance

Workers' Compensation Insurance

Legally required if the business has employees, covering medical expenses, rehabilitation, and lost wages for employees injured on the job, which is especially relevant given the physical risks in construction work.

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Scenarios where

Building Contractors & Sub-contractors Need Insurance

An architectural design error is discovered during the construction process, causing delays and additional expenses to rectify the mistake. In this case, professional indemnity insurance (errors and omissions insurance) would be crucial for the architect or design-build contractor. It would cover the costs associated with correcting the error and any legal claims from the project owner, ensuring that the professional’s reputation and financial stability are safeguarded.

While working on a construction project, a subcontractor’s equipment accidentally damages a neighboring property. Without insurance, the subcontractor would be personally liable for the cost of repairing the damage, which can be substantial. Public liability insurance would help cover the expenses associated with the property damage, protecting the subcontractor’s financial interests.

On a construction site, one of the contractor’s employees falls from a scaffold and sustains serious injuries. Workers’ compensation insurance would come into play here, covering the injured worker’s medical expenses and providing wage replacement benefits. Without this insurance, the contractor could face legal liabilities and hefty medical bills.

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Building Contractors & Sub-contractors Business Insurance

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