If you own a bricklaying company or a part of one, you may often be contacted to complete housing and commercial building projects, or even for roofing services.
However, providing any service to a client involves some degree of risk. In many cases, these risks are able to leave your bankrupt.
The Risks Involved
As a bricklayer, you need to be aware of all the risks involved in providing services to a client. Here are some of the most common ones:
- Accidents can happen all the time. At times, the bricks you lay may fall and cause property damage.
- Bricklaying involves using heavy equipment like wheel barrows and hammers: the tools can fall and injure a person onsite.
- Your employees are always at the risk of injuries.
- Tools and raw materials are expensive; improper supervision could lead to theft and leave you liable.
To protect yourself, your employees and clients we advise you acquire the following insurance policies for your bricklaying company:
Public Liability Insurance
This is perhaps the most important type of insurance you should have. Any damage to client property or injuries to people on the site can result in nasty court battles. Public liability insurance can cover all compensations and legal fees. This also keeps your business from digging into income and moving towards a loss.
Employer’s Insurance Liability
This policy helps you against employee claims that involve serious injuries or even onsite deaths.
For example, if an employee is injured, they don’t need to file a claim as you can simply contact your insurance agency to compensate for their medical bills and income lost during the recovery period. This often saves bricklaying companies from reputational and financial damage.
General Property Coverage
If you have a lot of expensive machinery and equipment onsite, consider this policy necessary. It can protect your equipment from damage and theft. The policy can also be customized to add in vehicles used to move raw materials.
At times, a project may require you to hire temporary employees for bricklaying jobs. You can always customize your policies to add in coverage for contractual employees and even for cases where the project is stalled for different reasons.