The most common cover required by the majority of construction-based businesses is public liability and employers’ liability insurance.
During the course of your business, you may accidentally damage third party property or injure someone, you may also have a member of staff who injures themselves or becomes sick due to working with hazardous materials, these circumstances would be covered respectively by your public liability and employers’ liability insurance.
An example of a public liability claim could be a plumber fitting pipe work however a leak then causes damage to third party property, alternatively, a construction company may be excavating for ground works but cause damage to an unknown drainage pipe.
An employers’ liability example could be an employee falling whilst working from height or getting caught and seriously injuring themselves in machinery.
The cost of public liability and other business insurance policies continues to rise, at East Yorkshire Insurance Brokers we will review a variety of markets to ensure your policy is competitively priced and suitable for your needs. Unfortunately, one of the reason insurance continues to increase is due to fraudulent claims, in 2020, insurers identified over 14,000 fraudulent liability insurance claims which had a potential claim value of £412 million!