Flooring contractors insurance
FOR cfa MEMBERS
Get your specialist Flooring Contractors Insurance cover arranged by Consultant-Specialist members of the Contract Flooring Association (CFA), Darwin Clayton. To discuss your business’s insurance needs or to get a flooring contractors insurance quote, call us on 01892 511 144 or click on one of the buttons below.
Why Get Flooring Contractors’ Insurance Through Darwin Clayton?
By working with the Contract Flooring Association (CFA) as a specialist consultant member, we have developed a specialist insurance solution designed to cover the flooring sector’s unique risks:
- Specialist advice Flooring contractors insurance that’s tailored to your business
- Discounts for CFA members
- Assistance should you need to make a claim
- Up to-date information and advice on the latest industry developments
As you can see from the following client testimonial, your business insurance is in excellent hands with Darwin Clayton:
What Is Flooring Contractors Insurance?
Flooring Contractors Insurance for CFA members offers financial protection against losses your business may incur through its day-to-day operations. The exact level of protection will be dependent on things like the services your business provides and whether you have any employees. However, common covers for flooring contractors and distributors include:
- Public Liability Insurance
- Product Liability Insurance
- Employers’ Liability Insurance
- Professional Indemnity Insurance
What Does Flooring Contractors Insurance for CFA Members Cover?
Specialists at Darwin Clayton can tailor an insurance cover specific to CFA member business’s unique requirements. Your working environment and the services you provide will determine the make-up of your flooring contractor’s insurance quote. As a consultant specialist member of the CFA, we will work closely with you to tailor a policy specifically for your business’s needs. Our flooring contractor’s insurance can include policy covers such as:
As an employer, you are responsible for the health and safety of your employees whilst at work. Employers’ Liability Insurance (EL Insurance as it’s also known) of £5m is a legal requirement if you have any staff. Businesses that hire people without having this insurance cover can face fines of up to £2,500 for each day they are uninsured. If your employee is injured or becomes ill because of the work they do for you and they bring a claim for compensation against your business, you will be protected.
Public Liability for CFA members covers your business if you or your employees are held liable for accidental injury to your clients, customers, or the public or for damage to their property because of your business’s activities.
The flooring contractors’ insurance we arrange includes an extension of cover for Damage to Property Being Worked Upon. So, if you accidentally damage a floor you are working on, this cover will protect you against the cost of repair or replacement. Not all policies offer this level of protection.
If the products you supply to customers cause damage or injury, you could be held liable in the event of the claim.
If a product you supply fails to perform its intended function, this could result in disastrous consequences and significant losses for your clients. Product inefficacy insurance for flooring contractors will protect your business from the resulting claim investigation, defence, legal proceedings, and compensation.
This cover provides protection against loss of money, stock or property sustained from the dishonest or fraudulent act of an employee.
If you’re entrusted with a client’s keys, and you lose them, this will cover the cost of replacing the keys and a change of locks if necessary.
Financial Loss Insurance helps protect your business against losses which you become legally liable to pay as compensation, including costs and expenses for accidental financial loss where no damage has occurred.
As with any insurance policy there are terms and exclusions, we will discuss this with you during the quotation process.
Optional Covers for CFA members
Depending on your business operations, you may require some optional covers to your flooring contractors insurance quote, such as:
Professional Indemnity, also known as PI Insurance, covers businesses that offer any design, consultancy or advisory services. It can help protect you against claims for loss or damage made by clients or third parties over negligent advice you have offered. This cover is often a contractual requirement with your customers, even when you do not provide any consultancy or advice.
Property Insurance we arrange for CFA members covers office contents, computer equipment, trade plant and machinery, stock, and buildings.
Helps protect your flooring contractors business against financial losses following an incident such as fire or flood, or against any additional costs you may incur to continue trading to your previous level.
This covers the value of the work being carried out prior to completion of the contract. It insures the works against accidental loss, damage, or destruction.
Covers damages to plant and tools that you own whilst at the contract site, in transit or at your premises.
Damage to the plant hired in by you whilst at the contract site, in transit or at your premises can be covered by Hired in Plant Insurance.
Covers physical loss or damage to tools belonging to employees, principals, partners, or directors within territorial limits.
This covers the value of your goods in transit to your customer’s premises.
This covers physical loss or damage to specified plant, equipment, or stock anywhere in the UK.
Seeking legal advice and formulating legal documents, such as employment contracts, can be time-consuming and expensive when the services of solicitors and other legal experts are engaged. Commercial Legal Expenses Insurance cover not only offers CFA members the services of legal representation but also provides free legal advice on a range of legal problems and access to a suite of helpful documents.
Additional Policies for CFA members
To meet your exact business requirements Darwin Clayton can arrange a wide range of additional policies including:
Cyber attacks in the UK are on the rise. According to the 2024 Cyber Security Breaches Survey conducted for the UK Government, half of UK businesses reported experiencing some form of cyber security breach or attack within the past 12 months. That’s why considering a Cyber Insurance policy is becoming more important for a modern business.
Also known as Directors & Officers or D&O Insurance. Management Liability Insurance for CFA members covers the cost of any compensation claims made against your directors, officers, or high-ranking management for alleged wrongful acts. Claims could be made by disgruntled employees, clients, investors, stakeholders, and even regulators and could involve civil, criminal, or regulatory proceedings. Management Liability Insurance can also cover any legal costs that arise for directors in defending their case.
This insurance cover includes three core elements:
- A separate cover for your Computer Equipment
- Contractors Plant covers your machinery
- As your equipment should be inspected regularly, this policy covers you for Statutory Inspection Service.
It offers CFA members a loss adjuster to work on their behalf to investigate and present their property and business interruption claim to the insurer. This cover can be crucial if your business suffers a serious loss following a flood or fire.
If one of your employees has an accident, and it leads to temporary or permanent disablement or even death, a benefit payment will be made. Business Travel can also be added to this cover.
- Motor Fleet Insurance covers your multiple vehicles on a single policy. It can be a mix of vehicles, including vans, cars, and trucks.
- Uninsured Loss Recovery Insurance pays for a solicitor to pursue a guilty third party for recovery of your uninsured losses such as policy excess, hire vehicle charge, loss of earnings; as well as costs to pursue a personal injury claim.
- GAP Insurance covers the outstanding balance of a finance or lease agreement on your motor vehicle following its write-off or up to 25% of the write-off value.
Performance Bonds are a type of surety bond and are written promises to pay for direct loss or damage suffered by third parties as a result of a breach of contract. Performance bonds are typically issued for 10% of contract value and are common with construction projects to protect the employer against the contractor failing.
CFA Members Insurance FAQs
Getting the right insurance is crucial for flooring contractors. To help you do that, we’ve put together a list of frequently asked questions about insurance for flooring contractors. We hope you find these answers useful. However, if you require further guidance, please call us on 01892 511 144 and our team will be happy to help.
If your business has employees, you are legally obliged to have at least £5 million of Employers’ Liability Insurance.
Your specific insurance needs may vary depending on the services your flooring business offers and your client’s needs. Some of the typical covers we arrange are Public Liability, Employers’ Liability, Product Liability, Professional Indemnity, Property and Business Interruption Insurance.
Like some more flooring contractors insurance help?
If you’d like some help with your flooring contractors Insurance, please give us a call on 01892 511 144. Our experienced team of insurance advisors will be happy to help you get the protection you need and offer you a flooring contractors insurance quote.