What is demolition insurance?
Cover to help you bring the house down
Demolition operatives have all the fun, you’ll spend your time demolishing and dismantling old and derelict structures and buildings in a safe manner. But the work you do is full of risks, and as a demolition contractor you could potentially be working with hazardous material such as asbestos or chemicals. Working from height, surrounded by falling debris – it’s a high risk environment to be working in. Our demolition insurance is designed to cover the work you do and meet your businesses individual needs. With our bespoke insurance coverage we are able to tailor a policy to include Public and Employers liability insurance as well as additional covers as and when you might need them. For example we can help arrange insurance cover for the tools you might use such as hammer drills, oxyacetylene cutting equipment and plant machinery.
What your demolition insurance policy includes
Public Liability insurance for demolition specialists
A must have for any demolition contractor, with a public liability policy in place your business is protected from claims made by members of the public involving injury, or property damaged caused by your business.
Legal Protection cover
Legal expenses cover is necessary if you wish to protect your business from the costs associated with court and any related legal expenses. We can provide legal cover as a standard part of your Employers liability or public liability policy or as an optional add-on to cover situations such as Contract & Debt Recovery, Employee Disputes and Tax Investigations.
Employers Liability cover
Necessary as a legal requirement if you employ people within your business, employer’s liability cover protects your business against claims made by your workforce for injuries sustained while on site.
Owned and Hired in Plant Insurance
Cover for against theft or damage to your own plant as well as additional cover available for hired in plant.
Equipment Damage cover
This covers you for the cost of replacing any damaged, lost or stolen equipment.
Contract Works or Contractors All Risks cover
Contract Works or Contractors All Risks cover will insure your construction, materials, hire in plant and your own tools and equipment. The policy will also cover temporary buildings and the additional labour costs needed to rebuild the work previously completed.
Why you need demolition insurance
As a demolition expert, you’ll appreciate the fact the work you do is high risk. So you’ll want to ensure that you have the correct insurance policy in place for the specific needs of your demolition business. Accidents can and do occur whilst undergoing demolition work and damage to people or property can be hugely expensive. Your business is unique and thus will have its own individual risks which a bespoke demolition insurance policy will cater for. If for example the worst does happen, you can ensure your business is able to proceed and continue to operate through any disruption, with our demolition insurance cover offering the ultimate peace of mind for you and your business.
Demolition Insurance FAQs
Can I protect my tools?
Yes. All of your tools can be fully protected by our equipment damage cover. This essentially means that if your tools are lost, damaged or stolen, then you will receive the finances and support to replace what has been lost. This is ideal for every type of demolition company, as much of the equipment that is used can be highly expensive and difficult to replace in a short time frame.
Do I need public liability insurance?
As a demolition contractor, public liability insurance is essential to your business. The possibility of accidents whilst working on a demolition project is considerably higher than that of other trades and damage to people or property can be extremely expensive. Public liability insurance cover means that should accidents or damage occur, your business will be protected from any claims made by members of the public involving injury or property damage caused by what you do.
How much does insurance for demolition contractors cost?
The price of demolition contractor insurance is entirely dependent on the type of work that your company will be practicing, the scale of this work, its locations and your workforce. In addition to this, the type of insurance coverage that you will require will cause a noticeable difference in its cost. Demolition contractors tend to have one of the highest risk positions in their trade and a large responsibility. Subcontractors, employees and the public all fall under your responsibility and should be taken into account.
Insurance for demolition contractors made simple
– with a range of covers available to suit you
Tradesman insurance experts
One of our tradesman insurance experts will discuss your business requirements with you and look to compare quotes from major UK insurance providers, ensuring that you get a bespoke policy where you only pay for the cover you need.
Arrange same day cover
Trade insurance options available via our panel of UK brokers covering you for sector specific situations as required. We can provide you with your business insurance and documents on the same day in most cases (subject to time of day restrictions), offering a range of flexible payment options, including Direct Debit.
Why choose The Insurance Octopus for Demolition Insurance?
We proudly make buying insurance different and our cover comes with a range of benefits.
Up to £5 million of cover
Claims can be expensive, that’s why we offer up to £5 million worth of public liability cover for Tradesmen – with more available upon request.
Fast specific cover
To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.
An expert who knows your industry
We’ll connect you with an agent who is an expert in your field. They understand many of the challenges you face, and can truly get to grips with the type of cover you need.
Easy claims process
Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.
No mid term fees, ever
We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.
How insurance for demolition contractors works
Examples of Demolition Insurance in action
A £30,000 Demolition Nightmare
A demolition contractor was hired to demolish an old factory chimney on a property that was being re-purposed as residential flats. The chimney was demolished with the use of explosives, but unfortunately, a miscalculation meant that several cars were left parked within the demolition zone. When the chimney collapsed, it fell in the wrong direction and destroyed a row of 4 parked cars. The claims by the owners totalled just over £30,000, which was covered by the demolition contractor’s public liability insurance. This saved the contractor having to pay a painful sum out of pocket.
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