Why do Builders need to consider it?
The building industry is fast-paced and full of vastly different job sites to work on. For builders, no two days are ever the same and each job brings with it its own unique risks and challenges. Accidents can and do happen, even on the best run worksites. No matter how many precautions you take, some things may simply be beyond your control. When you’re onsite, it is important that you have the right insurance in place. If you are working on residential jobs, holding Public Liability insurance can be mandatory.
As a builder, Public Liability insurance and tool insurance are some of the main types of coverage types you could consider. Of course, every individual builder runs a very different business with its own unique characteristics and needs, and so their insurance needs will vary as well. The insurance products that work well for one builder may not be the best choice for you and your business.