The Federation of Master Builders

Helping your clients understand insurance

Published date: 28 July 2020

If your clients have never embarked on a building project before, they may be unsure of the steps to take to ensure they have appropriate insurance cover. So, how could you help in this situation? 

As a Master Builder, it’s important to have the right insurance in place before starting any project. Here we offer some guidance on the type of insurance that should be considered for both you and your client before any building work commences. 

You the Builder: it’s vital to check you have the right levels of cover before you start each new project. You should consider both your Liability Insurance and Contract Works Insurance to ensure you have enough cover for the size and type of project that you are undertaking.  You should also think about what tools, plant, and materials will be required for each individual project as well as any vacant sites or buildings. 

Your clients: homeowners should advise their home insurance provider of any improvements or alterations that are to take place in their home before the work starts. The insurer will need to access the risk to the property during works and different restrictions might be placed on their policy. For example, if windows or exterior walls are removed in readiness for an extension, it means the property is temporarily more vulnerable to theft and damage. If the house increases in size and value or gains additional contents (carpets, curtains etc) due to the renovations, then the insurance will again need to adapt. Homeowners should ensure they are covered both during and after the work takes place, otherwise their insurance may be invalid. The client should also advise their insurer if they are planning on leaving the property vacant whilst the work takes place in case they need to take out Unoccupied Buildings Insurance. 

Working together: what else can you do to protect the build and your client? As a Master Builder, your unique selling point is the fact you can provide your client with extra peace of mind, right from the start of the build, through the duration of the work and for many years after. 

Our Domestic & Commercial Warranties are designed to offer a wide selection of flexible, insurance-backed guarantees that provide both the homeowner and builder with complete confidence and assurance throughout the entire building process and beyond. Cover is available for a wide range of projects such as; porches, internal alterations, loft conversions, extensions and much more. 

There are different Domestic & Commercial Warranty products available depending on the needs of your project; from our Value policy which is an entry level product for those on a limited budget, to our 2-year, 6-year and up to our 10-year warranty (which is exclusively available to FMB members).  

Each of the policies protects against liquidation, faulty workmanship and structural damage to varying degrees, depending on which policy you choose. If you’re unsure which one you require for the project you’re working on, simply get in touch with us and we will be happy to assist. 

Click here for further information or call us on 01353 652760 

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