1. Protection Against Damage to the Existing Structure During building work, particularly on renovation projects, there’s always the risk that the existing structure of the property could be damaged. This could be due to accidents on-site, structural failures, or incidents such as fire or flooding. Standard home insurance policies are unlikely to cover damage caused during construction, leaving the property owner vulnerable to significant financial losses. With specialist insurance in place, you can be confident that both the existing building and any new works are protected.

2. Cover for Theft and Vandalism Construction sites are often targeted by thieves or vandals due to the valuable materials and tools that are left on-site. Theft of building materials or equipment can cause delays, additional expenses, and project disruption. Insurance during building works typically covers the theft of materials and damage caused by vandalism, ensuring that the project stays on track without unexpected financial setbacks.

3. Liability for Injuries or Accidents Construction sites are inherently hazardous environments, and accidents can happen. If a builder, contractor, or even a passer-by gets injured on-site, the property owner could be held liable. This could result in costly legal fees and compensation claims. Insurance during building works includes public liability cover, which protects property owners from such claims, ensuring that any legal or medical costs are covered.

4. Compliance with Mortgage and Loan Requirements If you are funding your building works through a mortgage or loan, your lender may require proof of insurance during the project. Lenders often insist on having insurance in place to safeguard their investment and ensure that the project is completed without financial interruptions. Having the right insurance not only complies with these requirements but also provides peace of mind for all parties involved.