Building Construction Insurance – It’s All In the Name

When it comes to building construction insurance, it’s all in the name, because this is a term which covers all aspects of this giant sector.

And by saying building construction insurance, you encompass all the trades that are relevant.

Usually, the sector is divided into two large sub sectors which are building and construction, and although in theory very similar, they are different terms and different two parts of the business.

In the UK, building is more often than not associated with the building of houses, whereas the construction industry tends to relate to larger infrastructure projects such as roads, railways, or major office blocks, or hospitals.

So you can see the distinction straight away and it’s good to bear it in mind when considering building construction insurance.

Building usually refers to house building and the trades involved tend to be anywhere from large companies, to small companies which might be erecting estates of houses, or a small team building on a plot. The work involves ground works, bricklayers, plasterers, carpenters and decorators, who are all brought in as necessary. Houses in the UK tend to be built to standardised designs and marketed on the extent of their architectural features which can then be exploited depending on the bracket (detached, semi-detached, terrace and so on). But, generally, designs and building practices are similar and the trades involved focus on that level.

On a simplistic level, the construction industry is just a bigger building industry, although different skill sets and trades are used of course. Okay, a big hospital could be said to be similar to building a big house, but the extent of the project (which needs teams of specialists just to get it started), is of immensely different proportions. Different materials and different workers are required to get a hospital built, although the teams involved obviously share many of the characteristics of their building industry colleagues.

But it’s in the large infra-structure projects where the similarities tend to peter out. Constructing a major road such as a motorway, or a bridge across a river say, is a far different proposition than building a house. Far different skill sets are needed and the construction workers tend to be more be specialised, and are brought in at set stages, as part of an overall plan to get the job finished.

It is the differentiation between the building and constructions that makes the question of cover a little more complicated. It’s rare to get a one-stop building construction insurance policy and brokers are needed usually to create a competent type package in order to cover all the various trades and risks associated with such projects. As befits the industry, it is a large undertaking and such insurance is not a question of a ‘click and buy’ on the internet.

For more details about building construction insurance you can visit here:- http://www.titan-insurance.com/construction-insurance/