High Risk Liability Contractors
Specialist Insurance for Demolition Contractors
Demolition work carries significant risks, including working with hazardous materials, operating heavy machinery, and dealing with falling debris.
It’s essential for demolition contractors to have appropriate insurance cover to protect their businesses and employees.
Some of the products provided include:
- Public Liability Insurance: This type of insurance covers you if third parties, such as members of the public or clients, are injured or their property is damaged as a result of your demolition work.
- Employers Liability Insurance: If you have employees, employers’ liability insurance is a legal requirement in the UK. It covers the cost of compensation claims made by employees who are injured or become ill as a result of their work for your company.
- Environmental Liability Cover: Given the potential for hazardous materials and chemicals in demolition work, having coverage for environmental liability should be considered. This type of insurance can help cover the costs of cleaning up pollution or environmental damage caused by your operations.
- Tools and Equipment Insurance: Your tools and equipment are vital for carrying out demolition work. Having insurance to cover their loss or damage can ensure that your business continues to operate smoothly even if your equipment is compromised.
- Plant & Machinery: Heavy machinery like excavators, bulldozers, and cranes are essential in demolition work. Insurance for these machines can help cover repair or replacement costs if they are damaged or stolen.
- Asbestos Liability: Given the dangers associated with asbestos removal, having specific coverage for asbestos-related liability is essential. This cover can help protect your business from legal and financial consequences related to asbestos exposure.
High Risk Liability Contractors FAQs
What is high risk liability contractor insurance?
High risk liability contractor insurance is designed for trades where the chance or severity of injury, property damage, environmental damage or contractual claims is higher than standard contracting work.
What insurance do demolition contractors need?
Demolition contractors may need public liability, employers’ liability, plant and machinery, asbestos liability, environmental liability, tools and contract works insurance.
Why is demolition insurance specialist cover?
Demolition work can involve hazardous materials, falling debris, heavy machinery, asbestos exposure, environmental risks and high-value third-party property damage claims.
What affects the cost of high risk contractor insurance?
The cost depends on the trade, project type, contract values, claims history, staff numbers, subcontractor use, hazardous materials, height or depth exposure and required cover limits.
