It has become increasingly more difficult to make a living nowadays. Everything is more competitive and there is so much red tape associated with beginning a new venture. Health and safety are the buzz words now in most industries and especially the construction industry. No matter what your trade, plumber, plasterer, contractor or electrician, it is a necessary requirement to have insurance. If you fail to take out insurance, you most likely will not be offered the job, but also if you somehow manage to secure the contract, you are putting your home, your family and your business in real danger, due to the fact that you have no insurance.

Construction liability insurance is essential if you are to protect yourself and your assets. The proper liability insurance insures against injuries on the job, accidents on site and any property damage that may occur as a result of your work. It happens quite frequently, where your workers damage property whilst doing their jobs. It may be due to not paying proper attention or just being lazy, but it does occur and you need to be covered for it. If it is your intention to bid for government contracts, then having construction insurance is necessary, as part of your initial bid. There are many benefits of construction liability insurance and we will look at some of them here

  1. Good Business Sense – Ultimately, it will protect you and your business in the event of any injuries or you or your workers manage to damage property, whilst doing their jobs. It can so easily happen where you drill through a wall or are digging a foundation, and you hit a pipe or wire. Getting these mended takes a lot of time and money and so covering yourself for this eventuality, makes good business sense. We all think that it won’t happen to us, but sooner or later, it will.
  1. Peace Of Mind – Having the correct insurance gives you peace of mind, as you know in the event of an issue arising that you are covered. It allows you and your staff to be able to relax and get on with their work in the knowledge that if they do make a mistake, that they are protected. If you don’t have the correct insurance, then you will find it difficult to get workers as they want to have protection while they work.
  1. Legal Fees – If in the event that you do have to go to court for a particular reason concerning your construction work, then the insurance will cover you for the costs of a solicitor or barrister, witness fees if there are any witnesses, your court expenses and many other things in relation to a court action against your company.
  1. Full Protection – Construction liability insurance protects your company by itself and also against claims that may be made by individuals. You may have a subcontractor that wishes to take your company to court for injuries on the job and insurance will cover you for this.

Having the correct insurance in the building industry is essential if you are to bid for government contracts and general contracts. Without it, you are putting your company and your employees at great risk.


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Hi Im Eddie. Ive been working in finance for most of my life so I thought I would start to show some or my learnings. Hope you find it useful. I have dogs too and cats. When Im not feed them Im running.

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