Builders
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What are some common claims that Builders experience
Last Updated: January 20, 2026Builders are exposed to a range of risks throughout a construction project, and claims can occur even when work is well planned and managed. Many claims arise from unexpected events, site access issues, subcontractor activity, or disputes that develop during the build process. Common claims experienced by builders include: Storm, fire, or weather-related damage to works in progress Injury to visitors, neighbours, or members of the public entering the site Property damage caused by machinery, equipment, or subcontractor activities Theft of tools, materials, or equipment left on site, including vandalism Regulatory investigations or legal action following a workplace incident Client disputes relating to delays, variations, or changes in project scope Many of these risks are specific to active construction sites and are not covered by standard business insurance. For builders, Contract Works Insurance is a key policy that protects against damage to works in progress, materials, and certain on-site risks during construction. Other policies may also apply depending on the nature of the claim. These incidents can involve multiple parties, including clients, subcontractors, neighbours, and regulators, thereby increasing complexity and cost. Even where contracts, safety plans, and site controls are in place, disputes and claims can still arise. Understanding how...
How can I insure my tools?
Last Updated: January 20, 2026Your tools and equipment play a critical role in running your business. Theft, damage, or loss can disrupt operations and lead to unexpected costs. Tools are commonly targeted on building sites and can be damaged even when security measures are in place. You can insure tools and equipment in a few different ways. The right option depends on how you use them and how your insurance is structured. You can insure tools under a Contract Works Insurance policy. This is usually done through an optional tools and equipment section. This option works well when tools are used on active construction sites and move between projects. You can also insure tools under a standalone General Property Insurance policy. This option suits high-value tools, specialised items, or equipment used across multiple sites and clients. It is important to understand the difference between tools and plant and equipment. Tools are usually smaller, portable items such as drills, saws, nail guns, or testing equipment. Plant and equipment refers to larger machinery such as excavators, forklifts, loaders, or other powered equipment. Insurers usually cover plant and equipment under separate policies or sections. The best structure depends on several factors. These include the value of your...
When do I require Plant & Equipment Insurance?
Last Updated: January 20, 2026Plant and Equipment Insurance protects larger machinery and mobile equipment that you rely on to do your work. This type of cover focuses on high value, mechanically powered items rather than everyday tools. You may need Plant and Equipment Insurance if you own or lease machinery such as excavators, bobcats, loaders, skid steers, cranes, or similar equipment. These machines cost a lot to repair or replace and play a critical role on-site. You should also consider this cover if you move machinery between job sites. Transport increases the risk of theft, accidental damage, and loss during loading, transit, or storage. Plant and Equipment Insurance helps when machinery breaks down, is damaged, or is vandalised. Even short interruptions can delay projects and affect cash flow. It is important to understand how this cover differs from tools insurance. Tools insurance usually applies to smaller, handheld, or portable items such as drills, saws, nail guns, or testing equipment. Plant and Equipment Insurance applies to larger powered machinery and vehicles. Insurers treat these items separately and cover them under different sections or policies. If you finance or lease equipment, lenders often require Plant and Equipment Insurance. Finance agreements usually include minimum cover levels and...