What is Site Insurance?
This is essential for every Self Builder when investing money into your project, whether it is a Conversion, Extension or complete New Build. Cover is similar to a domestic house insurance and contents policy, and covers the building while under construction. It protects against losses caused by fire, flood, theft, vandalism and accidental damage eventualities that could cost time and money. Building site insurance is as essential to the safe and successful construction of a new development as the tools and materials used to physically create a building and should not be overlooked in an effort to save a small amount of money.
What Does a Site Insurance Policy Cover?
Most site insurance for property developers will cover tools, plant and site huts or caravans that have been hired and are on site during the project. Just as it is important to secure your home in order to validate the insurance policy it is important to remember to keep the site locked and secured when not in use in order to deter potential thieves. Securing the site in this way not only reduces the risk of crime but it also ensures that, should the worst happen and vital tools and equipment is stolen or vandalised, the property development insurance policy that is covering the site will be perfectly valid and will alleviate the financial repercussions of such an event.
Get a Site Insurance Quote Today
Our team at Evolution Insurance Services have a vast depth of knowledge and experience in dealing with the intricacies of building site insurance and we work with a network of underwriters to enable our clients to access the most appropriate insurance products. If you would like to obtain a quote for site insurance or would like to find out more about what is covered by such a policy please get in touch today to discuss the matter. You can call directly on or go to our Contact Us page and fill out our straightforward contact form. Once the form is submitted a member of our team will be in touch.
There are responsibilities of being a site owner, as you have to consider liability to both members of the public and employees, so you shouldn’t skimp on Site Insurance – it’s vital!
Site insurance is a specific type of policy designed for self build, renovation, extension or conversion projects. Site insurance for self build is a policy designed to be taken out from the moment you exchange contracts on the plot or building to be renovated. The cover continues during the planning process and construction phases until the project is completed and taken into use. Protek’s site insurance policy has been designed to provide cover against the loss and damage that is inherent in the type of building project you are undertaking and takes into consideration the level of responsibility you have and the unique nature of the project you are working on.
Our on-line quote engine can provide you with a site insurance cost in minutes. Click Here to start a quote now.
SITE INSURANCE FOR SELF BUILD PROVIDES COVER IN TWO MAIN WAYS:
Physical damage: Protecting you against physical loss or damage to the works, materials, plant, caravans, tools and equipment used throughout the project. A fire loss, accidental damage, weather related loss, theft and vandalism all fall into this area of site insurance cover.
Liability: Covers your incurred liability in the event you inadvertently damage someone else’s property or cause injury to another person during the course of the build. Causing damage to a neighbouring property is easily understood, but you may be responsible for health & Safety on the site and a worker could sue you for an injury following an accident, however minor.
FLEXIBILITY IN THE SITE INSURANCE POLICY IS KEY:
The inherent flexibility of Protek’s site insurance policy is absolutely key. You can pick and choose the cover duration to suit your project timelines as well as selecting an excess that suits your risk appetite. We realise not everything will always go to plan so if you need more time or you suffer a loss on your site we will be on hand to provide the service you need. Use our online quotation system to get a quote tailored to your specific needs and secure cover in just a few minutes. Once your policy is in place you can change the options as many times as needed through the life-cycle of your project.
SITE INSURANCE EXPERIENCE THAT YOU CAN RELY ON:
Our staff have years of experience in arranging site insurance for people undertaking self-build, renovation, conversion and extension projects and are happy to chat your project through with you to help you assess the cover you need.
For more information, visit the site insurance page specific to your project type.