Tag Archives: Construction insurance


Why construction should embrace technological advances
September 16, 2020

Why construction should embrace technological advances

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Construction is one industry that has been slow in embracing the considerable technological advances that the past decade has seen. Advancements have allowed for sites to be safer and more efficient. Technology also diminishes risk in many ways and as the country eases itself out of lockdown, technology extremely valuable. Many companies are increasingly turning…

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Subcontractors – The difference between LOSC and BFSC
June 3, 2020

Subcontractors – The difference between LOSC and BFSC

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The insurance definition of BFSC & LOSC is different to the HMRC definition. Ensure you have the correct procedures in place to ensure your insurance policies respond in your time of need. Whilst it is difficult to provide an accurate definition (as the law does not provide one), it is important try to correctly determine…

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Corporate Travel insurance is an essential purchase
October 7, 2019

Corporate Travel insurance is an essential purchase

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Purchasing an annual policy protects your employees whilst they are traveling on your behalf, and an annual policy arranged through your broker takes the worry out of purchasing a policy every time they travel – or relying on the limited cover that may be provided through your credit card. Importantly, when an employee is sick…

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Tradesman Liability Insurance – Why is it needed?
July 29, 2019

Tradesman Liability Insurance – Why is it needed?

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If you are a tradesman or if you work for yourself, you will probably know by now that one simple mistake or mishap has the potential to be very costly, even to the extent of closing down your business. For this reason, tradesman insurance is essential if you want to safeguard your livelihood. For the…

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Protect Your Plant in The Heat
June 10, 2019

Protect Your Plant in The Heat

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With the UK seeing nearly unprecedented days of consistently hot and sunny weather, it seems that plant and other equipment has started suffering in the heat. We’ve seen a number of claims recently that have come from engines in plant catching fire on construction sites. We know you understand about maintaining your plant and keeping…

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Company Collapses Highlight the Need For Trade Credit Insurance
March 4, 2019

Company Collapses Highlight the Need For Trade Credit Insurance

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Since mid-January, the news headlines have been dominated by the collapse of the UK’s second biggest construction firm, Carillion. It is said that 30,000 supply chain businesses are directly, or indirectly, affected by its insolvency and inability to pay suppliers. Firms within the supply chain started to tumble like dominoes, as soon as Carillion’s position…

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Business Insurance – What is it? Do I need it?
February 11, 2019

Business Insurance – What is it? Do I need it?

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Anybody running a business, no matter how small, needs to consider business insurance. Whether you are self-employed or run a small or medium sized business you need a good insurance policy that protects you, your business and your sources of income. Business insurance comes in many forms, including tradesmen insurance, buy to let insurance and…

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Brokers v tick-boxes: The playing field will level
January 28, 2019

Brokers v tick-boxes: The playing field will level

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The reasons why clients prefer to use a professional insurance broker, rather than price comparison and aggregator websites, are likely to be reinforced by the end of 2018, as regulators seek to create a more level playing field when it comes to professional standards. For some years now, there have been concerns about the way…

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Carillion. The bad-debt domino effect, and how to avoid it
December 17, 2018

Carillion. The bad-debt domino effect, and how to avoid it

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Another construction firm has gone bust, but this time it has attracted more attention than usual. Carillion’s suppliers are said to be owed a hefty £2 billion. This will have a knock-on effect for tens of thousands of businesses. The small firms that handled most of Carillion’s work will sadly be those most affected by…

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Legal News – three items of interest for the construction community
November 2, 2018

Legal News – three items of interest for the construction community

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Phoenixing – Construction bosses who phoenix firms could now face fines or bans Construction is one of the UK industries that suffers the most from ‘phoenixing’ – folding a firm to avoid debts then starting up a near identical business with a new name. Now directors who do this could face hefty fines or be…

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