Liability of contractors - how much cover is enough?



Recent years have seen pressure from employers for higher limits of liability insurances. The question being how much cover is enough?

Reasonably speaking your liability insurance should be in proportion to the number of people in the area you are working in and the value of the property around you. If you are working on a £20 million property, your £1 million Public Liability insurance may not be sufficient.

If you have any issues in increasing your limit, or you find the cost of increasing your limit too expensive, then the best option for you may be with excess of loss policy.

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Tags: construction | developers | propertyinvestors | contractors | building