As a specialist liability insurance broker we provide you with on-line quotes from the leading insurers so that you can compare cover and premiums for your business insurance with our team of brokers on-hand to assist you with any queries you may have and help you to on-line service obtain our best price for your groundworkers insurance.
Quotes for groundworkers insurance
These days it is a very simple process to obtain quotations for your liability insurance, simply apply on-line or call us directly to discuss your requirements with a broker and you will have your quote in less than 5 minutes. The on-line service presents you with fully detailed quotes from a range of insurers, with the lowest priced option first and full documentation is available for each policy on-line. If you are happy with the quote you can buy it there and then and receive your policy immediately. if you need further assistance, talk to a member of our team and they will be delighted to help you.
How much does groundworkers insurance cost?
Traditionally groundworkers by you insurance was relatively costly compared to other contracting trades, but in the last few years prices have fallen quite considerably. The actual cost will depend upon a few factors, whether you work alone or if you have employees, the type of work you undertake for instance the maximum depth you work at, whether you have had any claims previously and importantly what limit of indemnity your require.
What is the limit of indemnity under a groundworkers insurance policy?
The limit of indemnity is the maximum amount the insurer will pay our for a single claim, or in some cases the maximum amount they will pay out in a year. This limit is set you based upon your requirements. Common limits under these policies are £1M, £2M £5M and £10M although other limits are available for groundwork contractors. Choosing this limit you will need to decide how much cover you think you will require and thsi may depend on the type of work you undertake, but more commonly these days, the contractual requirements you work under such as requests for a certain limit from local authorities etc.
For employers liability, the statutory minimum is £5M although in practice policies are not issued with a limit of less than £10M, again higher limits are available upon request,
Policy Excesses on groundworkers insurance
You will generally find a policy excess applies to property damage claims under the public liability insurance and this is commonly £250 or £500. There is no policy excess in respect of claims for personal injury under either the public or employers liability insurance policies.
Additional Covers for groundworkers
Many policies now offer the option to include further cover such as tools insurance, business equipment, personal accident insurance and legal expenses insurance. These policies are broadly referred to in the insurance market as tradesman insurance, although in all cases the public liability section of the policy is compulsory.