11 Mar 2022

How to find the right Contractors’ Insurance

If you’re new to contracting, you must consider many factors to ensure that your company is properly protected. Contractors need to be more aware than ever of what processes they are undertaking and what risks these are carrying.

Contractor Insurance is different from Business Insurance in that, it is designed specifically with contractors in mind. Policies can include a wide range of products, covering an array of outcomes and indemnities. Cool Cover is here to provide a high level of advice and service, tailoring each and every quotation to the needs of our customers.

Here’s what contractors should consider when arranging insurance:

  • Do I work at heights – what is the maximum height I work up to?
  • Do I use heat-producing equipment onsite – this includes angle grinders, heat irons, blow lamps etc
  • Do I work on hazardous locations – this includes power stations, airports, railways, premises, docks, quarries etc

Living on the edge

When working in locations that carry more risk, careful planning can help you to stay safe and offer protection in the event that something goes wrong. Here are a few things you should consider:

1) First and foremost, are you confident that your insurance policy will cover you for this location? If you’re unsure, give us a call. We can review your current policy and let you know if there are any key exclusions that you need to be aware of.

2) Are there any tools that you cannot use in the work area? Which tools will you need to use instead to do the same work? This also applies to test equipment and communications gear.

3) Where the emergency equipment is stored. This includes fire exits, emergency eyewashes, and fire extinguishers.

4) When is the best time? There may be operational/process reasons why entering at one time is much safer than entering at another.

There’s plenty more that you need to think about when arranging the right insurance for your business, but at Cool Cover, our goal is to make the process as simple as possible for you. To find out more about how we can help you get the protection you need, get in touch with the team by calling 0207 101 4941.