Our Contractor's insurance policy is made up of different types of insurance cover, typically needed for your trade.
The policy will ensure that you are insured for interactions with the public (Public Liability) such as a trip or a fall over your equipment, other people's property, and your tools and equipment. The policy can be tailored to your needs, depending on the size of project.
If you employ anyone, you will also need Employer's Liability Insurance.
Insurance for Subcontractors:
There are two types of subcontractor,
Bona-fide Contractors:
These contractors work under their own instruction, so they set their own work schedule, and will provide their own tools and equipment for the job. Yu should check that they have their own insurance in place, and you should typically not have to insure them.
A labour only Subcontractor:
This contractor would work under your instruction, you would typically provide the tools and equipment, and you would need to have insurance in place for them.
Contractor's Insurance
You could also look at the following if you have a vehicle that you use for business:
Breakdown Cover
GAP Insurance or Total Loss Protection. Guaranteed Asset Protection Insurance covers the difference between your insurance offer at the point your vehicle is written off or declared a total loss and the value of your vehicle at the time of purchase. It will also cover any outstanding finance payments.