Working as a steel erector can at times be a dangerous occupation, which involves working from dangerous heights. Your insurance needs are not met by a standard insurance policy. Getting your steel erectors insurance from Bruce Burke means that you are working with a specialist broker that understands your risks and will find an insurance policy that meets with your specific requirements.
Understanding the needs of steel erectors
Many steel erectors have two sides to their work which can be split into working on site and fabrication at own premises.
Each of these are viewed differently in terms of hazards by insurers and risk management is an essential part of reducing claims and therefore lowering the premiums of your steel erectors insurance policy.
In most circumstances the majority of the work is undertaken at workshops where the policyholder is familiar with his surroundings and has prepared for most eventualities with physical protection and training. Work away is difficult and each site may present different challenges and risks. Its not practical to agree a different policy for each site so its important that there are acceptable terms and conditions to a policy which allow the welder to work freely on site while at the same time adhering to policy conditions in place which have been agreed at inception of the policy.
The core covers for steel erectors are: –
This is also known as third party liability as it covers you against being sued by third parties for damage to property or injury to person caused by yours or your employee’s actions. Indemnity limits are usually between £2 million and £10 million.
Employers Liability
This is a compulsory insurance for any company that has employees or uses labour only sub-contractors. It provides financial protection from being sued by an employee injured at work as a result of the employer’s failure to provide a safe place. The indemnity limit is usually £10 million.
Optional Extras
Goods in Transit
Whether you are carrying your own good or other peoples, these are assets that have value. If these assets are damaged or stolen then you could be faced with the need to replace these at short notice, which can potentially involve large costs. This is where Goods in Transit insurance can protect you.
Workshop Insurance
Our workshop insurance can protect a range of tools and equipment, as well as stock and work in progress, against loss or damage from theft, fire, storm, flood, water damage and malicious). Cover will be tailored to meet your specific business needs. If you own your workshop building, then this can also be covered under the same policy.
Legal Expenses Insurance
This covers the cost of defending legal claims that could be made against you or your business. It can cover solicitors’ fees, the cost of barristers and expert witnesses, court costs and claimants’ awards in civil cases.
D&O Insurance
Directors’ and officers’ insurance protects you against the risk of not being able to defend yourself against disqualification from holding the position of director. civil proceedings which can lead to hefty legal costs and awards for damages.
