Insurance for Insulation Contractors
Insulation contractors will install insulation in new structures or add to existing structures or to ceilings and walls. Insulation may also be done to sound proof or noise proof, as well as fire proof structures. Additionally, insulation may be installed for equipment and machinery, along with the related piping and plumbing.
At Business Insurance Service, we understand not just the insurance industry, but the commercial sector too. Our brokers have years of experience and expertise in finding tradespeople from across all disciplines the right kind of Contractors’ All Risks and Contract Works insurance cover for tradespeople, giving both sole traders, SMEs, and large building contractors the protection they need.
What Insurance does an Insulation Contractor need?
There are certain liability insurance covers that every trades and construction company should have, or are legally required to have. Tradespeople insurance policies provide you with essential covers, such as Public Liability, Employers Liability, Contract Works and Tool Cover.
Minimum recommended cover on a Contractors Combined policy would include Machinery and Contents, Employee Dishonesty, Book Debts, Contractors Plant and Equipment, Contract Works, Goods in Transit, Public/Product Liability, Employers’ Liability
Other covers to consider could be Buildings, Business Interruption with Increased Expenditure, Computers, Employment Practices Liability, Environmental Impairment Liability, Excess of Loss/Difference in Cover Liability, Commercial Vehicle or Motor Fleet.
Property exposures can be high as many insulation materials can be combustible. If the material is not combustible, any heat or fire from the material may produce heavy smoke, decomposition, and toxic fumes. Storage of insulation materials must be carefully reviewed. Ignition sources such as heating units, welding, wiring, and machinery must all be evaluated and controlled. If repair work on vehicles and equipment is performed in the building, fire hazards increase.
Premises liability can be a concern while in the process of installing insulation, especially to existing structures. Damage to building and potential fire can occur if installation is not properly done.
Completed operation exposures exist and depend on the reason and type of insulation being done. Exactly what type of insulation is installed and what would happen if it failed?
Removal of old insulation from existing structures is an important environmental concern. Was asbestos used? How is it being contained? Who is handling the disposal? Even if not asbestos, how is the waste being disposed? The disposal of waste chemicals, such as solvents, coatings, and sealants, as well as certain types of insulation, has severe loss potential. Careful evaluation of all waste and disposal procedures needs investigation.
Commercial Vehicle / Motor Fleet
Motor liability depends on the radius of operation. Age, training, experience, and drivers’ records, as well as the age, condition, and maintenance of the vehicles, are all important items to consider.
Employers’ liability exposures can be significant. Insulation can produce eye, nose, throat, skin, and lung irritants, as can vapours, fumes, and toxins from adhesives, coatings, and solvents. Many can cause serious long-term injury or disease. Additional exposures can result from installation in the ceiling or walls or anything above ground level. Falls and related injury can occur. There must also be attention to the potential of asbestos exposure.
What other risks does an Insulation Contractor face?
Other exposures include contractors plant and equipment, goods in transit and contract works. The contractor’s plant and equipment consists mainly of employees’ tools. The goods in transit is the insulation material which can be bulky but not of high value. The contract works exposure exists when the material is delivered to the site in advance of the installation. There is a chance of damage by weather and vandalism but not a high theft potential.
While the proper risk management practices can reduce certain exposures, no system is 100 per cent effective in ensuring an incident-free workplace. As a result, it’s all the more crucial to work with a qualified insurance broker to not only assess your exposures, but secure the appropriate cover as well. To learn more, contact Business Insurance Service today.
How can Business Insurance Service help Insulation Contractors?
Whether you’re a sole trader or a small to large company, your insurance portfolio has to be up to date and provide you and your business with the right level of protection. Rather than trying to find Contract Works Insurance or tradesperson insurance by hunting through countless websites, let us or our website do it for you.
We’re members of the British Insurance Brokers Association (BIBA) and work with some of the largest and best-known insurance providers in the UK, including Lloyds of London for larger, more complex and high-risk customers. We’re fully regulated and committed to delivering a premium quality, trustworthy and reliable service to all our customers, regardless of size.
As preferred brokers working with some of the largest insurance providers in the UK, we have immediate access to a huge range of policies for businesses, tradespeople and construction companies. We provide our customers with a bespoke or package service, creating insurance portfolios that are specifically tailored to your individual needs, and your budget.