Construction Insurance
Comprehensive Insurance for
your Construction Business
Construction insurance provides tailored protection for businesses operating in one of the most complex and high-risk industries. At Genesis Insurance Services, we understand that no two projects are the same.
Genesis Insurance Services has been providing expert advice and tailored insurance solutions to the construction sector for over 20 years.
Whether you’re running a small building firm or managing a multimillion-pound development, we offer comprehensive cover for your business and your projects.
From site insurance on large capital projects to cover for day-to-day operations, construction insurance is essential for safeguarding against accidents, regulatory requirements, and unexpected risks. With legislation and building regulations placing increasing responsibilities on construction companies, having the right cover in place ensures your business is protected and compliant.
What does Commercial Combined Insurance cover?
A construction insurance policy is designed to protect businesses against the unique risks you face. Cover can include:
Public Liability– protection against claims from third parties for injury or damage.
Employers’ Liability– a legal requirement, covering your responsibility for employee safety.
Professional Indemnity– protecting against claims of negligence, design errors.
Plant & Equipment Insurance– safeguarding valuable machinery and tools from damage, theft, or breakdowns
Contract Works– covering building works in progress against fire, flood, vandalism, or accidental damage.
Policies can be tailored for high-risk areas, such as heavy machinery use or on-site accidents, and can also be arranged on a contract-specific basis.
This ensures cover is aligned with the scope and requirements of each individual project – crucial when tendering for large-scale developments.
Who Needs This Cover?
Construction insurance is suitable for a wide range of businesses within the sector, including:
At Genesis, we work with businesses of all sizes to create tailored policies that fit their specific needs, ensuring comprehensive protection.
Contractors– general contractors and subcontractors working across different trades.
Builders & Developers– from residential property builds to commercial developments.
Engineers & Architects– professionals requiring indemnity protection alongside project insurance.
Our clients range from small firms handling domestic extensions to major contractors delivering new builds and refits worth over £50 million. With decades of experience, we understand the unique risks and pressures faced across every level of the industry.
Why is this insurance essential?
Construction is an inherently high-risk industry. Accidents, property damage, regulatory fines, and disputes can quickly escalate into costly and disruptive challenges.
Having the right insurance cover in place helps to:
- Mitigate financial risk, ensuring your business can recover without long-term damage.
- Ensure business continuity, even in the face of unexpected setbacks.
- Provide peace of mind that your projects, people, and reputation are protected.
- Strengthen your ability to win contracts, as proof of insurance is often a requirement during the tendering process.
Potential Scenarios
Property damage during construction
During a large commercial refit, a fire breaks out overnight and damages a significant portion of the structure, including materials and equipment. The repair costs run into hundreds of thousands of pounds.
Fortunately, the company had Contract Works and Material Damage insurance in place. This means the cost of rebuilding, replacing equipment, and repairing damage is covered – helping the project stay on track and protecting the company from financial loss.
Failed construction project
An engineering firm completes a project that later experiences structural issues due to a design miscalculation. The client brings a claim for professional negligence, demanding costly rectification work.
Professional Indemnity insurance provides protection in this scenario, covering both the legal defence and the cost of damages.
This safeguard not only prevents financial ruin but also helps maintain the firm’s professional reputation.
Frequently Asked Questions
Common risks include property damage, legal claims, injury, equipment loss, and project delays. Cover can include Public Liability, Employers’ Liability, Professional Indemnity, Plant & Equipment, and Contract Works insurance.
The level of cover depends on the size and scope of your projects. At Genesis, we tailor every policy to meet the exact needs of your business – whether you’re working on small domestic builds or large-scale commercial contracts.
Our dedicated claims team will guide you through the process step-by-step. Simply contact Genesis Insurance with the details and supporting documentation, and we’ll work with you to resolve the claim quickly and efficiently.
Get Covered Today
Protect your business with a Commercial Combined Insurance policy that fits your needs. Contact Genesis for a tailored quote and expert guidance on securing your business’s future.