Civil Engineering Contractors – Are your insurances sufficient?
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The Irish Economy is showing growing signs of recovery with the construction industry contributing to this growth so there is and will be increased demand now for upgrades and additional roads, pathways and main services like broadband, water, gas, electricity. This is where there is now an increased requirement for Civil Engineering contractors to service these demands.
What is Civil Engineering Insurance?
Insurance for engineers can include a number of different covers, ensuring your business is protected from all the hazards of the trade.
Civil Engineers Public Liability Insurance
There are many things that can go wrong in any civil engineering project, from the use of the wrong tools or materials to construction faults leading to the injury or death of a member of the public. Damage to public or private mains, cables or property is the most common risk. Having the right level of Public Liability cover in place is crucial. Complying with Local Authority insurance requirements can be onerous so having a flexible insurer is paramount.
Civil Engineers’ Employers’ Liability
A civil engineering contractor will typically employ a number of staff, some full time, others may be casual or temporary e.g. labour gangs. As these employees may work around dangerous tools and machinery, there is a risk of accidents or even death. Employers Liability covers protects your business if you’re sued by an individual, or group of individuals you employ or subrogated against by the Local Authority.
Civil Engineers Contractors All Risks cover
Contractors All Risk Insurance will cover any damage caused to the building works – for example due to a flood, storm, impact, theft or fire. It will also provide cover for your own plant, hire in plant, temporary buildings and contents therein etc.
Civil Engineers Cover on Plant – Engineering cover
Engineering Insurance is a comprehensive insurance that provides complete protection against risks associated with erection, resting and working of any machinery, plant or equipment. In addition to this, under the Factories Acts businesses are required to have certification on specific items of plant such as lifting plant, pressure vessels and steam boilers. Suitably qualified engineers employed by an insurance company can inspect such items at the required intervals and provide the necessary certificates/documentation to meet your obligations. This engineering cover can extend to include sudden and unforeseen damage cover including breakdown from internal defects, machinery movement, transit and erection, accidental damage cover for plant and equipment, contract works cover and erection all risks.
Remember: Civil Engineering Contractors need to speak to a professional insurance broker who will advise and assist you with arranging specialist insurance cover for your current and upcoming contracts including advice and assistance in complying with the specific onerous requirements of Local Authorities and main contractors. S.A. Faughnan (Brokers) Ltd. are insurance professionals and we deal ONLY with A-Rated (financially secure) Insurers at competitive prices. See us at www.safaughnan.ie
Click here for more information on Contractors Insurance with S.A. Faughnan
