things you must know about
Builders Insurance

Who needs Builders Insurance?

Anyone involved in construction, maintenance, alterations, additions or general building services.

Why should you take out Builders Insurance?

We live in a country rife with crime, changing weather conditions & less robust equipment. Add to this the growing tendancy to be held accountable for damages you cause to third parties, & the need for builders insurance becomes obvious. Insurance costs a fraction of the price of replacing your building projects if these are damaged, or your materials if these are stolen, or redoing the work or reimbursing the losses you caused to your client or third parties. Taking out Builders Insurance is a prudent way to ensure that your business will survive through all the trials & tribulations it will face.

 How much does Builders Insurance cost?

 Very little! We have a large book of clients with many different insurance companies, so we will be able to find the most beneficial policy with the cheapest premiums for your construction business.

Typical claims incurred on Builders Insurance policies

The most common claims on Builders Insurance policies involve theft of materials, materials being damaged whilst en route to site, surrounding property being damaged whilst the building is being completed, or a part of the project failing causing other parts of the building to be destroyed. The most expensive claims tend to be caused by fires, rain falling on exposed parts of existing structures, lightning damage & violent storms. These can wreck havoc on the still fragile structures. Contractors also have the potential to create huge liability claims when their work effects third parties. 

What other insurance should be considered along with Builders Insurance?

Most banks and principals insist on liability cover being in place on all building projects. Builders Insurance will automatically include cover for Public Liability. We will also automatically include cover for Surrounding Property (take note that not all policies automatically include this). We can also assist you if your principal requires a performance bond, employers liability insurance or general works insurance. We can also insure your tools, vehicle, laptop or whatever other assets assist you in the completion of your building projects. 

GET A QUOTATION:

Please note that we can only insure projects based in Sub-Sahara Africa.

Click here to send us an e-mail requesting a quote on your contract -> insurance@barrington.co.za. We will e-mail you an obligation free quotation so that we can show you what you will save if you insure with Barrington.

Contact details will be kept confidential and will not be used in any way other than as described above and will not be shared with any other parties.