The Benefits of Contractor Insurance
Contracting is a fast-paced sector and the contractors who win the best contracts are not necessarily the best qualified for the assignment. Quite often, it is the contractors who can meet the client’s needs by responding faster, and better, than their competition who get the contract. Your contractor insurance
can play a role in providing you with a competitive advantage, helping you to secure good contracts.
Imagine this scenario: the client desperately needs a contractor to start next day. Its terms and conditions of business require all suppliers to have contractor insurance cover
for professional indemnity
of up to £5m. Unusual, but it happens. None of the contractors applying have that level of contractor insurance cover. Who wins the contract?
Contractor insurance can be bought quickly and conveniently
If you are faced with a situation when you need to obtain contractor insurance immediately, or perhaps you need to upgrade your existing cover, you can buy contractor insurance quickly and conveniently – either online or over the telephone. It can provide you with immediate contractor insurance cover.
You can go online and select the type of contracting business you need contractor insurance to cover, the level of cover you required, and whether you would like past contracts to be covered, then receive an instant quote for a contractor insurance policy
. Alternatively, could can go through the same process over the telephone and be provided with an instant contractor insurance quote.
In both cases, your contractor insurance can begin immediately. Documents will be sent by email, so you can forward proof of your contractor insurance to your prospective client, and hopefully win that contract.
Showing an insurance certificate
You may find that your client or agency asks for your contractor insurance certificate, to prove that you have the correct level of contractor insurance before awarding you the contract.
It’s quite unusual to be issued with a formal contractor insurance certificate. So instead you should present your contractor insurance policy schedule
as proof of purchase. This provides all of the contractor insurance
information that your client will reasonably wish to see, such as the period of insurance
and the limit of indemnity