Contractor & Construction
At Goldstone Broking we offer bespoke Contactor and Building company covers for firms big & small. Due to the high risk of many tasks involved in these trades it is crucial you have the appropriate level of cover to ensure your insurance is tailored specifically to your needs.
Some of the trades we can cover (but are not limited to) are:
- Builders
- Scaffolders
- Electricians
- Plumbers
- Carpenter
- Groundworkers
- Fencing
- And More
What covers do I need?
Contractors come in many different forms and sizes with differing levels of risk and cost involved. This is the same for insurance policies, which often require a tailored approach, particularly for larger or more complex risks.
Some examples of covers you may require and what they are for are:
Public Liability
Public Liability Insurance protects your business if a member of the public, customer, client or visitor suffers an injury or their property is damaged as a result of your business activities. Whether it’s a customer slipping on a wet floor, damage caused while working at a client’s premises, or an accident involving your equipment, this cover can help pay for compensation claims, legal defence costs and associated expenses. For businesses that regularly interact with the public, it provides valuable financial protection and peace of mind.
Employers Liability
If you employ staff, Employers’ Liability Insurance is a legal requirement for most UK businesses.
Employers’ Liability Insurance helps cover compensation claims, legal expenses and associated costs if an employee becomes injured or ill because of their work.
It protects both your employees and your business, ensuring you meet your legal obligations.
Business Interruption
Business Interruption Insurance helps protect your business if an unexpected insured event, such as a fire, flood or storm, forces you to temporarily close or significantly reduce your operations. While property damage can often be repaired, the loss of income during this period can have an even greater financial impact.
This cover can help replace lost revenue and contribute towards ongoing expenses, allowing your business to recover more smoothly while you get back up and running.
Professional Liability
Professional Liability Insurance, also known as Professional Indemnity Insurance, protects your business if a client claims that an error, omission, negligent advice or professional service has caused them financial loss. It can help cover legal defence costs, compensation payments and other associated expenses, giving you confidence when providing professional advice or services.
Legal Expenses
Legal Expenses Insurance helps protect your business against the cost of legal disputes. Whether you’re dealing with employment issues, contract disputes, tax investigations or property disagreements, this cover can help pay for legal advice, solicitor fees and court costs. It allows businesses to defend themselves without facing significant legal expenses.
Commercial Motor Fleet
Commercial Motor Fleet Insurance provides cover for businesses that use two or more vehicles as part of their day-to-day operations. Rather than managing multiple individual policies, fleet insurance combines your vehicles under one policy, making administration simpler. Cover can be tailored for cars, vans, HGVs and mixed fleets, helping protect your business against accidents, theft and damage while your vehicles are on the road.
Plant Insurance
Plant Insurance protects owned and hired-in plant, machinery and equipment against damage, theft and accidental loss. Whether you rely on excavators, forklifts, generators, compressors or other specialist equipment, this cover helps minimise financial disruption if essential machinery is damaged or stolen. It can also include cover for hired in plant, helping you avoid unexpected replacement or hire costs while keeping projects moving.
What to watch out for?
As with any insurance policy, it is crucial to make sure all information is detailed and an accurate representation of your company. This is very much the case for Contractor and Construction trades where limits on aspects such as Height, Depth, Hazards, Heat, and Materials are often implemented which insurers need to be made aware of to ensure appropriate cover is in place. Failure to do so can cause your policy to be void should a claim occur.
Why Choose Goldstone Broking Group?
✔ Independent commercial insurance brokers
✔ Access to hundreds of UK insurers
✔ Tailored cover for your business
✔ Fast, personal service
✔ Claims support when you need it most
✔ UK-wide service from experienced advisers
