Why do Construction and Trade Services need insurance?
You are usually building and fixing things for others, now let us fix you up with an insurance offering built for your needs. Bi-me can provide you with multiple competitive quotes from South Africa’s leading insurers within minutes.
What should I consider before purchasing insurance for my Construction and Trade Services business?
Protecting your business from unexpected events and challenges is where business insurance comes into play, providing cover for when you need it most for things like your buildings, the content of your buildings and lawsuits.
Fundamental Insurance for Construction and Trade Services
Regularly selected Insurance for Construction and Trade Services
Insurance for Construction and Trade Services
Buildings
Buildings are your most important asset. This insurance can protect your business from unforeseen events such as fire, storm, earthquake, wind and more.
Motor
Motor vehicles are an essential part of doing business for most construction and trade services businesses. They are needed to get to sites and clients, as well as carry tools and machines. South Africa’s roads are dangerous and many businesses face large losses when uninsured vehicles are involved in collisions or are stolen. Getting good motor insurance will allow you to get right back to work after an accident or theft.
Portable Possessions
Portable Possessions such as your tools and other items allow you to do what you do best. They are a key part of all construction and trade service businesses, and without them you won’t be able to help your clients. You can protect your business by getting cover for your portable possessions in the event that they break, get lost, or stolen.
Public Liability
Public Liability covers you against the many possible accidents that can happen in buildings owned and rented out, complexes, estates and around building sites. You should consider protecting your business with Public Liability insurance.
This cover is designed to provide protection for you and your business in the event that a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.
Accidental Damage
Accidental damage covers loss from unexpected and unforeseen physical loss of or damage to business property at your premises; can also include damage caused by discharge or leakage of chemicals, oils, liquids, fluids, gases or fumes which can cause severe damage to your business.
Electronic Equipment
Electronic Equipment assists with the many building owners, building managers and construction teams who depend upon a full range of equipment which includes computers, air-conditioners, printers and scanners.
These high-value items need to be specifically included in your business insurance policy to protect you in case of damage due to flood, fire, snow, hail, wind, impact, explosion, subsidence, as well as malicious damage or theft and damage caused by power surges or power dips.
Goods in Transit
Goods in Transit covers the transporting goods which is an essential part of most construction and trade businesses. Getting cover for your goods while they are in transit will protect your business from the risk of theft and collision on South Africa’s dangerous roads.
Theft
Theft is one of the most common claims construction and trade owners file for. Your business might be the victim of theft or fraud from outside of your business or sometimes one of your employees may steal from you and you’ll need Employee Dishonesty cover. The right business insurance will cover you against acts of theft and fraud, whether these come from your own employees or from outside of your business.
Getting the Right Insurance for Construction and Trade Services
Your buildings or construction business is unique, having its own risks and insurance needs. Bi-me gives you access to multiple quotes to compare with some of South Africa’s top insurers, so you can choose the right cover to suit your business.
Our friendly team is only a phone call or a few clicks away to assist with getting your business covered in minutes.
Did you know?
Home owners who live in estates and complexes often think that the body corporate has comprehensive insurance for all of the buildings in the area. In reality, they are not adequately covered.
Could this happen to your business?
- Driving up the wall
A drunk driver drove into the external wall of a complex. The driver did not have insurance and the body corporate had to fix the wall as quickly as possible to ensure that their residents were safe. The insurance company paid for the rebuilding of the wall as well as the architect fees that were required.
Frequently asked questions
There are many insurance covers that are important for businesses doing work at the premises of clients. You can be covered if one of your employees falls and gets seriously injured, under either Employer’s Liability (business’s fault) or Personal Accident (nobody’s fault). Public Liability will protect your business if something on site injures a third party or damages their property, and Portable Possessions can cover all of your tools, anywhere in the world.
Yes. The items insured in the Portable Possessions section (aka Business All Risks) have worldwide cover.
Yes, you can cancel your policy with immediate effect 24/7 on your Bi-me portal. We will then process your pro-rata refund (if applicable) – the money should be back in your account within 7 working days.