Contractors’ Insurance

If you have employees within your firm, you’re legally required to hold employers’ liability insurance. If an employee is injured or falls ill during the course of their work for you, your employers’ liability insurance will cover compensation and legal costs.

But what about Insurance for subcontractors?

There are two types of subcontractor: labour-only subcontractors and bona-fide subcontractors.

• A labour-only subcontractor typically works under your direction, using your tools and equipment, and will need to be covered by your subcontractor liability insurance.
• A bona-fide subcontractor usually works under their own instruction, setting their own work schedule and brings their own tools and equipment to complete the job. Usually your employers’ liability insurance for subcontractors will not need to include the bona-fide subcontractors you employ.

It’s a good idea to check bona-fide subcontractors hold their own subcontractor public liability insurance before allowing them on-site.

Public liability insurance for building contractors is not a legal requirement, but it’s usually a contractual requirement for clients in the construction industry.

When contracted by a client to undertake a building project on their behalf, you shoulder the risk of the many hazards a construction site presents.

Without contractors’ liability insurance in place, you’re personally responsible for the cost of any compensation claims and legal fees if a third-party claims against you. This could be for an injury, damage to their property, or financial loss because of your company’s negligence.

Professional indemnity insurance for building contractors will protect your business if your professional advice or services mean a third-party suffers loss or damages.

This insurance needs to adequately cover the level of risk your business is exposed to. We’ll make sure this policy is sufficient for your needs.