If you have any employees, this is a legal requirement. It keeps you covered in case anyone suffers an injury as a result of the work they do for you
What is construction insurance?
Construction insurance is the name given to a bundle of different types of business insurance specific to construction companies. It’s also known as builders’ risk insurance or course of construction insurance.
Construction comes with some unique risks – however careful you are about safety, there’s still always the possibility of an injury on a building site, or there could be a fault with your work that only becomes visible down the line. There’s also a chance your tools or equipment could be damaged or stolen. A good construction insurance policy will protect you against a whole host of things that could go wrong on a building site.