At Darwinsure, we are specialists in providing insurance for tradesmen, including small building companies or self-employed builders. Having Public Liability Insurance in place protects you in the event of a claim for accidental injury to a member of the public or accidental or damage the property in the course of your business. The building trade is full of risks, from accidental trips, slips and falls, to unintentional damage caused by operating machinery. So, make sure you are covered against potential problems with appropriate builder insurance.
Our insurance is ideal for small businesses, with no more than ten employees and up to five partners, principals, proprietors or directors, or self-employed individuals. The unique builder insurance policy we have available includes the following:
Optional extras include, but are not limited to:
Having comprehensive builder’s insurance in place will protect your business against problems that could arise when carrying out building work at a client’s property.
Cover is available from as little as £75.
At Darwinsure, we aim to save tradesmen and builders money on their insurance, and therefore our comprehensive Public Liability cover is competitively priced. Factors such as the amount of cover required, and the size of the business, will influence the cost of your insurance. To find out exactly how much builder insurance is going to cost you, complete our Quick Quote form online.
The minimum Limit of Indemnity provided for Products Liability is £1m for any one period of insurance, and in all in the policy period. Again there is an option to increase to £2m or £5m.
An unexpected or unplanned event or incident often causing damage or injury such as a road traffic accident.
Unexpected or unplanned damage or harm caused to property or a person.
A death caused by an unexpected or unplanned event or incident.
Nugent v Smith (1876) “Natural causes directly and exclusively without human intervention and that could not have been prevented by any amount of foresight and pains and care reasonably to have been expected”
Most insurance policies do not contain an exclusion for acts of god. The policy will set out what is insured and what the main exclusions are. If loss occurs from an event covered, then the insurer will pay out, in accordance with the policy terms and conditions.
A document setting out agreed alterations to an insurance contract. (See also endorsement).
A further premium payable by the insured as a result of policy amendment, that may have increased the risk or changed the policy conditions or sum insured.
One who investigates and assesses claims on behalf of insurers (claims adjuster or loss adjuster).
The maximum amount an insurer will pay under a policy in respect of all accumulated claims arising within a specified period of insurance.
Term used to describe insurance against loss of or damage to property arising from any fortuitous cause except those that are specifically excluded.
This is the amount you pay an insurer each year for a policy you have taken out.
An insurance company given permission to provide insurance in the uk and supervised by the financial conduct authority.
A clause in insurance policies whereby, in the event of under-insurance, the claim paid out by the insurer is restricted to the same proportion of the loss as the sum insured under the policy bears to the total value of the insured item.
Money paid by an insurer when a claim is accepted.
Means physical injury (other than when directly or indirectly caused by illness or disease) caused solely and directly by accidental means and shall include exposure to the elements.
Bona Fide Sub-Contractors undertake work on your behalf. Sub-Contractors who supply their own materials and labour and who do not work under your control or supervision.
Bona Fide Sub-Contractors are usually employed by Contractors when they cannot perform a particular job within a larger contract. For example a building contractor constructing a new home they call upon a painting and decorating contractor to do all the painting of the new home that he is building.
Buildings insurance covers the fabric of the actual building and the cost of damage to the structure of your property. This includes the roof, walls, ceilings, floors, doors and windows. Outdoor structures such as garages and fences are also included.
When business productivity has to stop due to an unplanned event or disaster which affects its profits. Business interruption insurance will normally cover the loss of income specified for a period of time that a business suffers when it has to cease trading as a result of an unplanned event such as a fire.
Termination of a policy before it is due to expire. There may be a cancellation clause in a policy setting out the condition under which the policy may be cancelled by notice. The period of notice could be anything from 48 hours to 3 months. In most cases this will result in a return premium being paid by the insurer to the insured.
A document issued by an insurer as evidence that insurance is in force. Certain certificates (e.g. motor, employer’s liability) are required by law.
Injury or loss to the insured arising so as to cause liability to the insurer under a policy it has issued.
A computerised register of information from insurance proposal, claims and renewal forms, shared by insurers as part of their efforts to combat fraud.
The common law consists of the ancient customs and usages of the land, which have been recognised by the courts and given the force of law. It is in itself a complex system of law, both civil and criminal, although it is greatly modified and extended by statute law and equity. It is unwritten, and has come down in the recorded judgements of judges who for hundreds of years have interpreted it.
Required by law or an insurance policy.
Deliberate suppression by a proposer for insurance of a material fact relating to the risk, usually making the contract null and void.
Insurance of loss following direct damage e.g. loss of profits; loss of use insurance.
A policy that covers the contents of your business or other building against a number of risks.
An agreement between two or more people to do (or not to do) something. The agreement can be enforced by law.
If something is covered under more than one policy, the cost of any claim may be shared over all policies. For example, losing possessions on holiday may be covered by both home contents and travel insurance.
A certain amount of time a customer has to cancel a policy without penalty.
A temporary insurance document provided by the insurer or broker to the insured, confirming details of the cover that is in place before the actual policy documents are provided. In the case of Motor Insurance it also acts as a temporary Certificate.
Money received from selling goods or services.
Someone who is owed money.
A balance sheet account that represents the value of all assets that are reasonably expected to be converted into cash within one year in the normal course of business. Current assets include cash, accounts receivable, inventory, marketable securities, prepaid expenses and other liquid assets that can be readily converted to cash.
Short-term liabilities that are due to be paid in less than a year such as bank overdrafts, money owed to suppliers and employees’ paye (pay as you earn).
Accidental loss damage or destruction
An insurer may refuse to provide insurance as the customer / event may not meet certain standards.
The specified amount a loss must exceed before a claim is payable. Only the amount which is in excess of the deductible is recoverable.
A fall in the value of assets / belongings over time, for example due to wear and tear.
Means a director of the insured where the insured is a limited company.
The Employers Liability Tracing Office (ELTO) is an Insurance industry wide initiative to help those who have suffered injury or disease in the workplace, trace relevant Employers Liability Insurers for a centralised database of Insurance records.
ELTO’s members are required to supply policy data on all new and renewed Employers Liability Policies from April 2012.
This includes the Employers Reference Number (ERN). Only a tiny minority of employers will not have an ERN. Your ERN is printed on mandatory documents including P45, P60, P11D and on most payslips.
As defined in your policy, but typically any:
(1) Person under a contract of service or apprenticeship with the insured
(2) Self-employed person labour only sub-contractor labour master or person supplied by any of them
(3) Person seconded to acquire work experience under a scheme or otherwise
(4) Person hired to or borrowed by the insured
(5) Voluntary worker
Whilst working for the insured in the course of the trade or business
This definition is not applicable to the employment protection insurance section which has its own definition of employee applicable to that section only
Insurance by employers in respect of their liability to employees for injury or disease arising out of and in the course of their employment. With some exemptions this insurance is compulsory in Great Britain, and can only be provided by an authorised insurer.
Documentary evidence of a change in the wording of or cover offered by an existing policy or qualification of wording if the policy is written on restricted terms. (see also addendum).
The first portion of a loss or claim which is borne by the insured. An excess can be either voluntary to obtain premium benefit or imposed for underwriting reasons.
A provision in a policy that excludes the insurer’s liability in certain circumstances or for specified types of loss.
A payment made by an insurer to a policyholder where there is no legal liability so to pay.
The potential costs of an insured event, such as a flood, to an insurer.
This covers you against Legal Liability for direct loss of money or goods belonging to customers caused by any act of theft committed during the period of insurance by an employee.
This covers you against Legal Liability for damages and claimants’ costs and expenses in respect of any claim for Financial Loss made against you during the period of insurance. A Financial Loss is a pecuniary loss, cost or expense incurred other than by you the policy holder, any director, partner or employee.
A bureau established by major insurance companies to oversee the interests of policyholders whose complaints remain unsolved through normal company channels of communication. The service is available to all those holding personal cover with the insurers who have joined the scheme. The decision of the ombudsman is binding on the insurer, although the insured may appeal to the court if he so wishes.
This is usually an asset owned by a business such as a building, machinery or a vehicle, that is intended to be used for several years.
Conditions which apply to all sections of the policy. These must be read in conjunction with other sections.
General insurance is non-life insurance cover for damage or loss. It includes products such as motor, travel, pet, health and home insurance.
The amount before costs are deducted.
Total annual rate of interest on an investment, security or deposit account before taxes or other charges are taken out.
A term normally applied to gross written premiums before deduction of brokerage and discounts.
A physical or moral feature that introduces or increases the risk.
This is the date your insurance cover starts.
Under a business interruption policy some cover is provided for additional expenditure incurred by the insured solely for the purpose of reducing the shortage in production following an insured event.
A principle whereby the insurer seeks to place the insured in the same position after a loss as he occupied immediately before the loss (as far as possible).
Under a business interruption insurance the period during which cover is proved for disruption to the business following the occurrence of an insured peril.
If something (for example, government bonds or pension funds) is linked to an index, then it means changes are made in proportion to the changes in the relevant index, such the retail price index or other measures of living such as interest rates or wages.
Cover for an individual person as opposed to a couple or a family.
Liability for the failure to carry out contracted services or wrongful advice provided in connection in the course of the business.
This is the percentage change in the cost of living over time, measured through the consumer prices index (cpi) or retail prices index (rpi). As prices rise, the value of money falls.
Means bodily injury death illness disease or shock causing bodily injury.
A lack of financial resources to pay back debts.
When a person or organisation owes money but cannot pay it.
For a contract of insurance to be valid the policyholder must have an interest in the insured item that is recognised at law whereby he benefits from its safety, well being or freedom from liability and would be prejudiced by its damage or the existence of liability. This is called the insurable interest and must exist at the time the policy is taken out and at the time of the loss.
The value of the insurable interest which the insured has in the insured occurrence or event. It is the amount to be paid out by the insurer (assuming full insurance) in the event of total loss or destruction of the item insured.
Insurance is a financial product sold by insurance companies to safeguard individuals, organisations and / or their property against the risk of loss, damage or theft (such as flooding, burglary or accidents). When you buy a policy you make regular payments, known as premiums, to the insurer. If you make a claim your insurer will pay out for the loss that is covered under the policy.
An insurance intermediary who advises his clients and arranges their insurances. Although he acts as the agent of his client, he is normally remunerated by a commission (brokerage) from the insurer. An insurance broker is a full-time specialist with professional skills in handling insurance business. Since january 2005 intermediaries and brokers must be registered with, and regulated by the financial conduct authority.
A company that creates insurance products to take on risks in return for the payment of premiums. Companies may be mutual (owned by a group of policyholders) or proprietary (owned by shareholders). (also known as insurer or provider).
The finance act 1994 introduced this new tax on most general insurance risks located in the uk.
The person whose property is insured or in whose favour the policy is issued.
Insurance covering how much a company makes over a set time frame, on average.
Assets that have no physical form, such as patent rights.
The general name given to rights such as copyrights and patents.
Any person or firm that sells insurance but is not an insurance company themselves. This can include brokers, independent financial advisers, banks, comparison websites and trade unions.
A loss or damage that cannot be recovered, repaired or retrieved.
The non-renewal of a policy for any reason.
An illness which lies dormant for some years before manifesting itself.
Legal liability is the legal bound obligation to pay debts.
In law, a person is legally liable when they are financially and legally responsible for something. Legal liability concerns both civil law and criminal law. Legal liability can arise from various areas of law, such as contracts, tort judgments or settlements, taxes, or fines given by government agencies. Liabilities may be covered by insurance, although typically insurance covers liability arising from negligent torts rather than intentional wrongs or breach of contract. Liability may also be imposed joint and severally in certain cases. Liabilities arising from a contract to borrow money are debt.
Liability insurance covers business owners, independent professionals and self-employed people against the cost of compensation claims following fault of negligence brought against them by employees, clients, customers, shareholders, investors, or members of the public. Liability insurance usually covers the cost of compensation to a third party for personal injury and loss of or damage to property.
The insurer’s maximum liability under an insurance, which may be expressed ‘per accident’, ‘per event’, ‘per occurrence’, ‘per annum’, etc
The process of closing down a company by paying its debts and distributing any money left over.
This is an increase to a premium if your risk is higher than normal, for example if you are in a dangerous job or have serious health conditions.
Injury or damage to an insured property or person as a result of an accident or misfortune. Another term for a claim.
Independent qualified loss adjusters are used by Insurers for their experience and expertise necessary to carry out detailed and in some instances prolonged investigations of complex and large losses. Although the adjuster’s fees are invariably paid by the insurers they are an impartial professional person and make judgements on the amount to be paid in settlement solely on the basis of established market practice. It is their task to negotiate a settlement which is within the terms of the policy and equitable to both insured and insurer. Should they not be an expert in a particular discipline which is necessary or desirable to pursue his negotiations, they will consult or employ such an expert.
In motor insurance, an engineer. In other classes a person who, in return for a fee (usually a percentage of the amount claimed), acts for the claimant in negotiating the claim.
A term used to describe physical loss or destruction to property or contents.
A warranty in a business interruption insurance policy stipulating that for the interruption insurance to become effective there must be a policy in force in respect of the material damage and a claim paid or admitted thereunder for such damage caused by an insured peril.
Any fact which would influence the insurer in accepting or declining a risk or in fixing the premium or terms and conditions of the contract is material and must be disclosed by a proposer, or by the insurer to the insured. Non-disclosure or misrepresentation of such facts can result in your policy being cancelled or your claim being declined.
The motor insurance database is an independently operated database of all insured cars in the UK. It is accessible by the police, and insurers are required by law to supply certain data to the mid within a maximum of 14 days from inception of insurance cover.
Perhaps the most common form of tort. In Blyth v Birmingham Waterworks Co. (1856) it was defined as ‘the omission to do something which a reasonable man guided by those considerations which ordinarily regulate the conduct of human affairs would do, or doing something which a prudent and reasonable man would not do’. Gives rise to civil liability.
Where insurers agree to pay the cost of property lost or destroyed without deduction for depreciation.
Any property which includes an element of construction which causes the property to require specialist cover. Examples include; thatched roofs, steel framed houses, timber framed houses and flat roofed houses.
The failure by the insured or his broker to disclose a material fact or circumstance to the underwriter before acceptance of the risk.
Means a partner of the insured where the insured is a partnership.
Loss of money.
A contingency, of fortuitous happening, which may be covered or excluded by a policy of insurance.
The period during which the insurer can incur liability under the terms of the policy.
Insurance for fixed benefits in the event of death or loss of limbs or sight by accident and/or disablement by accident.
A document detailing the terms and conditions applicable to an insurance contract and constituting legal evidence of the agreement to insure. It is issued by an insurer or his representative for the first period of risk. On renewal a new policy may well not be issued although the same conditions would apply, and the current wording would be evidence by the renewal receipt.
A document issued by an insurer which forms part of the contract of insurance, and provides information including the period of insurance, the sections of the policy that apply and information relating to any applicable excesses/endorsements.
The person or organisation that is taking out an insurance policy (and paying the premiums).
A government-backed company that meets the cost of business property claims over £100,000 resulting from terrorist attacks in Great Britain.
The amount to be paid by a customer for an agreed amount of insurance cover.
Liability for the failure of any product supplied or installed to fulfil or perform its intended function arising out of the negligence or wilful default or wrongful advice provided by the insured.
Means any public authority government body company firm organisation or person for whom the insured is undertaking a contract.
Means civil or criminal tribunal legal proceedings or appeals arising therefrom.
These policies cover the insured’s legal liability for bodily injury to persons, or loss of or damage to property caused by defects in goods (including containers) sold, supplied, erected, installed, repaired, treated, manufactured, and/or tested by the insured.
This cover protects a professional or insured business against their legal liability towards third parties for injury, loss, or damage, arising from their own professional negligence or that of their employees, committed in good faith in the course of the business.
This information shows the money a business has earned minus any cost or spending.
Generally refers to the buildings (including roof, walls, windows and permanent fixtures such as fitted kitchen units, bathroom suites and fitted wardrobes) as well as the surrounding grounds (including driveways, patios, conservatories and outbuildings).
An application for insurance cover that must be signed.
The person who is applying for cover.
Public liability insurance covers the cost of claims made by members of the public for incidents that occur in connection with your business activities. Public liability insurance covers the cost of compensation for personal injuries, loss of or damage to property, and death.
How much it would cost to rebuild your property if it was destroyed beyond repair. Most building insurance is based on this figure rather than a property’s sale price or market value.
Repayment of money to a consumer for a cost that is actually covered by the insurance policy.
Making good. Where insured property is damaged, it is usual for settlement to be effected through the payment of a sum of money, but a policy may give either the insured or insurer the option to restore or rebuild instead.
The process of continuing an insurance from one period of risk to a succeeding one.
A notice sent by an insurer or broker to a policyholder reminding them that their insurance is due for renewal and including details of the premium for the next period of insurance.
This term is often used to describe someone who has caused a loss or damage.
The peril insured against or an individual exposure such as fire, flood or theft.
The identification, measurement and economic control of risks that threaten the assets and earnings of a business or other enterprise.
A document describing the details of the cover you have from the information you have supplied to your insurer.
Records information provided to the insurer by the proposer, which has been relied upon to offer a quotation, and its price and terms. Used instead of a proposal form (which serves an identical purpose).
Phrase used by an insurer to signify provisional acceptance of an insurance pending inspection by a surveyor whose report is necessary to determine the rate and conditions applicable.
This is where someone takes over the claim made by another person. For example, if an individual has a problem with broken drains that are the responsibility of the local authority, the insurance company may pay to fix the drains and will then look to recover the costs from the local authority.
A claim for damage to a building caused by subsidence, that is when the ground beneath a building sinks, pulling the property’s foundations down with it. The downward movement of the site on which the building stands is unconnected with the weight of the building. Subsidence usually occurs when the ground loses moisture and shrinks, for example following prolonged dry spells.
The maximum amount payable in the event of a claim under contract of insurance.
This is a physical belonging or piece of property, for example including buildings, land or machinery.
A person claiming against an insured. In insurance terminology the first party is the insurer and the second party is the insured.
Liability of the insured to persons who are not parties to the contract of insurance and are not employees of the insured.
Underinsurance is when your insurance cover, or sum insured, is less than the value at risk.
When a building’s foundations are strengthened or deepened to manage the risk of subsidence occurring.
A person who accepts business on behalf of an insurer.
A risk that an insurer will not take on. For example, this may be where an event is inevitable (such as a terminally-ill person’s death), gradual (such as rust or corrosion) or against the law.
Insurance contracts are contracts of utmost good faith (uberrima fides), which means that both parties to the contract have a duty to disclose, clearly and accurately, all material facts relating to the proposed insurance. Any breach of this duty by the proposer may entitle the insurer to repudiate liability.
Another term for cancelled.
A very strict condition in a policy imposed by an insurer. A breach entitles the insurer to deny liability.
This is the amount deducted from claims payments to allow for any depreciation in the property insured which is caused by its usage.
Your individual excesses will be found in the ‘Your Summary’ page when you have completed the quote details.
Some businesses are not assigned an ERN because all Employees (including labour only subcontractors, trainees and apprentices) are paid below the PAYE threshold.