A plain English overview of contractors insurance
A plain English overview of contractors insurance
From small builder to plumbers through to large building firms there are an increasing number of contractors needing insurance, often due to the fact that building firms now take on contractors rather than employees. These contractors need professional guidance on their insurance needs, and this presentation will outline the main factors to be taken into account. As an example, would a small building firm really understand the difference between labour-only and bona-fide sub-contractors, if they do not have a broker they are in big trouble, as the Insurance Act 2015 says they must make a fair presentation of risk, without help how do they do this?
The presentation, delivered by Alan Chandler one of the most popular insurance presenters in the UK, will look at the main insurance needs of a contractor. The webinar will include looking at contract works cover, understanding contractor liability cover including non-negligence cover, understanding the Business Interruption cover including understanding how to add fines and damages to the contractors’ policy and why current limits of indemnity are often not sufficient. The contractors sector will suffer badly from the hardening market and this presentation will look at how you can best get your clients’ needs correctly arranged.
Learning objectives:
Delegates will be able to:
- Understand contract works cover.
- Understand contractors liability cover including non-negligence cover.
- Understand the Business interruption requirements including how to add fines and damages cover.
- Understand why the current limits of indemnity offered under contractors policies are often too low.
As our webinars are provided free of charge, please help us support the work of The Insurance Charities, helping those who work or have worked in the insurance profession. The Insurance Institute of York has set up a donation page to The Insurance Charities so all donations can now be made online using this link https://wonderful.org/charities/206860
On behalf of the Insurance Institute of York, thank you in advance of your donation. All donations big or small are welcomed and appreciated.
CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.