Liability insurance for construction contractors - optimum protection against damage claims
As a construction contractor you work daily with large projects, high budgets and complex constructions. During work, damage to property, injury at third parties or construction errors occur, which can lead to high damage claims. A (company) liability insurance for contractors protects you against financial risks, so that you can carry out your construction projects without worry.
Why a liability insurance for construction contractors?
The construction sector entails high risks. Think of a collapsed scaffolding, damage to an adjacent building or an employee who is injured in the construction site . Without liability insurance, a claim for damages can major financial consequences . Liability insurance offers coverage for:
✔ Material damage- for example damage to buildings, tools or infrastructure due to construction activities
✔ Personal injury- coverage if someone is injured by an accident at the construction site
✔ Legal costs- protection against high lawyer and costs of liability in liability claims
✔ Damage due to construction errors- leading cover to damage to the client or third parties
With a liability insurance you prevent an accident or error in construction in construction endangering your company financially.
We compare liability insurance Finass insures ) with the best insurers, so you get the best and most affordable premium from us liability insurance
Which liability insurance suits contractors in construction?
A business liability insurance (AVB) is the most important insurance for contractors. This insurance protects you against damage claims from third parties due to material damage or personal injury caused during your work.
How do you choose the correct liability insurance as a contractor?
When taking out liability insurance for contractors and construction companies, it is important to take into account:
🔹 coverage area - national or international, depending on your construction projects.
🔹 Maximum insured amounts - Make sure you have sufficient coverage with large damage claims.
🔹 Cover for damage caused by subcontractors - check whether damage caused by hired subcontractors is also insured.
🔹 Insurance for staff and freelancers - ensure that your employees and hired forces are also well insured.
With the correct liability insurance you as a contractor can build carefree and protect your company against unexpected damage claims .
Frequently asked questions about Liability :
With liability insurance you are insured if you are legally liable for damage. For example, if you cycle into a parked car, your cat knocks over an expensive vase or if your children shoot a ball through the neighbor's window. But also if you, your child or pet injure someone. Not every damage is insured. Consider intentional damage or damage caused with a motor vehicle. Rented items are also not covered by your liability insurance. For example, if you rent a sander for that painting job in the house. Or if you rent a party tent for a garden party.
Liability insurance reimburses the damage you cause to other people's belongings. Like the television that slips out of your hands during a friend's move. Or your child who cycles into the neighbor's car. Or if someone else is injured through your fault.
Liability insurance for private individuals (AVP) covers damage that you or one of your family members causes to someone else when you are not driving a car or other motor vehicle . This applies to damage to property and persons (personal injury).
You take liability insurance because you want to protect yourself and your family against the risk of liability. You can be held responsible if someone is injured through your fault. But also if you accidentally damage other people's property. Resulting in a claim for damages.
The liability insurance does not provide coverage for: damage to rented items. damage that you have caused intentionally. damage occurred during your work.
Take out a liability insurance for contractors today!
Do you work as a contractor or construction company and do you want to protect yourself against damage claims and legal costs? Then choose a specialist liability insurance and prevent financial risks. Compare the best insurance policies now and request a quote immediately!
