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Construction insurance
Protect against liability, equipment loss and theft
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Expert support based on decades of industry experience
Helping businesses with insurance for over 70 years
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Get an online quote in 10 minutes, our experts are here to understand the finer detail.
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We work with a range of tradesman insurers from household names to small specialist insurers to find the best policy for your business.
Construction insurance: How it works
Construction insurance protects companies against the unique risks associated with this industry. Accidents, property damage, injuries, legal claims – all can occur during construction projects, and this insurance offers much-needed financial coverage. By mitigating financial risks, construction insurance assists in complying with legal and contractual requirements.
Coverage can differ depending on the policy type selected. However, it often includes protection for workers, equipment and liability. By knowing you’re suitably guarded against potential issues, you can focus on completing your construction projects with both efficiency and confidence.
Benefits of construction company insurance
- Enhanced client confidence: By showing you are insured, this demonstrates professionalism and reliability. The knock-on effect is it makes it easier to secure contracts and establish trust with clients.
- Financial protection against claims: Construction liability insurance covers legal and compensation costs from third-party injuries or property damage. The result: your business remains financially secure in case of unexpected events.
- Compliance with legal requirements: If you hire staff, it’s a legal requirement in the UK to include employers’ liability insurance as part of your policy. This avoids penalties and delays.
- Bespoke protection for industry risks: Construction insurance comes in many different forms. You can address the specific challenges of your construction projects, supplying comprehensive coverage that matches your requirements.
Types of insurance for construction companies
Public liability insurance
Construction public liability insurance protects against claims for third-party injuries or property damage. Subsequently, your construction company can avert paying legal and compensation costs.
Employers' liability insurance
It’s likely your construction company hires staff, even if temporarily. In this case, you are legally required to purchase this insurance. It protects against employee claims.
Professional indemnity insurance
Has a client suffered loss due to your construction work? This insurance protects against claims of negligence, design flaws, or errors in advice given.
Contractors' all risk insurance
From on-site materials to equipment, this covers damage caused during a project. All risk insurance is a way to avoid unexpected losses or delays.
Tools and plant insurance
If your tools and equipment have been damaged, lost, or stolen, this insurance coverage means you don’t have to replace them on your own.
How much does construction insurance cost?
There is no definitive answer to how much construction insurance costs. This is because numerous variables must be considered. The main points include the size of your business, coverage types needed, and the insurer’s risk assessment.
Prices will be higher if you need employers’ liability insurance, there’s a lot of value in your insured assets, your claims history, etc. Even if the policy is costly, it delivers essential protection in reducing financial risks across your construction projects.
Selecting construction company insurance with Radius
Searching for construction insurance on your own can be a tricky process. You can end up with multiple quotes, not knowing which is best for your needs – and if they’re the best price available. That’s where Radius can help.
With decades of industry expertise, we account for your company’s insurance requirements. Whether that includes public liability, professional indemnity, equipment, etc. insurance, we then conduct detailed assessments to match you with the most suitable options.
With Radius, protect your business with comprehensive – and competitively priced – construction insurance.
Frequently asked questions
Can’t find an answer to your question? Talk to the Radius customer support team on 0114 261 2020. We’re here to help you with any questions or concerns you may have.
What insurance should a construction company have?
What is construction insurance?
What is professional indemnity insurance in construction?
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UK Fuels, Joseph W Burley and Partners (UK) Limited and Milestone Insurance Consultants Limited are owned by Radius Limited, with registered company number 08260702. Registered address: Eurocard Centre, Herald Park, Herald Drive, Crewe, Cheshire, CW1 6EG. Radius Insurance Solutions is a trading name of Joseph W. Burley & Partners (UK) Limited (registered company number 3668469 and FCA reference number 300425) and Milestone Insurance Consultants Limited (registered company number 04587285 and FCA reference number 307191). Authorised and regulated by the Financial Conduct Authority.