A self build insurance policy is there to alleviate one of the concerns that you may have if you want to know how to build your own home. Fortunately there are several suitable self build insurance policies available that can cover the demands and needs of a person that wants to build their own home - the most important sections being - public and employers liability, cover on the house itself as well as the hired in plant, and the contract works - building materials on the site. In addition you may wish to live on the site itself so often cover is available for the caravan in which you wish to live.
A self build insurance policy covers public and employers liability. You have to cover your liability should people be injured whilst on the site e.g. children playing and you may be employing labour-only contractors for which you will require employers liability. Bona-Fide subcontractors will carry their own public liability insurance and they are not regarded as employees as they will undertake their work without direct supervision by yourself. You should always check that they do have their own public liability insurance.
Self build insurance covers the property against loss or damage. Contract works insurances cover everything from the new home burning down to the theft of building materials from the site, whether inside or outside the new building. It includes vandalism and just about every other risk you can imagine. Most valuably, a self builders policy can be endorsed for the special insurance which the council may require in respect of your drain connection or new access across the pavement
Self build insurance policies have additional features such as caravan cover - if you are living close by, plant, tools, existing structures, additional liability.
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