As a self-employed person, it is important to take out ten-year insurance to guarantee the quality of your work and protect yourself from possible defects. This insurance is compulsory for construction trades, but it can also be recommended for other construction-related professions.
How to choose the right ten-year insurance as a self-employed person?
Choosing ten-year insurance as a self-employed person can seem like a complex task. Here are some tips to help you make the right choice:
Study the offers
It is important to take the time to compare the different offers offered by insurers to find the one that best suits your activity and your budget. To do this, you can use an online insurance comparator or request quotes from different insurers.
Check the guarantees offered
Not all ten-year insurance policies are equal. It is therefore important to check the guarantees offered by insurers to be sure that you are well covered in the event of a loss. In particular, check that the insurance covers damage occurring after receipt of the work.
Take your activity into account
The choice of your ten-year insurance must also depend on your activity. In fact, the risks are not the same depending on whether you are a mason, plumber or electrician. It is therefore important to choose insurance that takes into account the specificities of your profession and the risks linked to your activity.
The criteria to consider when selecting ten-year insurance adapted to your activity
To select ten-year insurance adapted to your activity, here are the criteria to take into account:
The ten-year guarantee
The ten-year guarantee is the most important guarantee for a self-employed person. It covers damage affecting the solidity of the structure or making it uninhabitable. It is compulsory for certain professions and must cover a minimum period of ten years.
Additional guarantees
In addition to the ten-year guarantee, it may be interesting to take out additional guarantees to ensure better protection. For example, professional liability coverage can be useful in the event of damage caused to a third party.
The cost of insurance
Of course, the cost of insurance is a criterion to take into account in your choice. However, it should not be the only criterion. It is important to carefully study the guarantees offered to be sure to make an informed choice.
The experience of the insurer
Finally, don’t forget to take into account the experience of the insurer in the construction field. An insurer specializing in this area will be able to offer you better coverage and advice tailored to your activity.
How to choose the best ten-year insurance for your construction company?
When you are self-employed in the construction field, it is essential to take out ten-year insurance to guarantee the quality of your work and protect yourself from possible defects. However, choosing the right ten-year insurance can be a complex task. Here are some tips to help you make the right choice.
Study insurers’ offers
It is essential to take the time to study the different offers offered by insurers. You can use an online insurance comparator or request quotes from several insurers. Compare the guarantees offered, any exclusions, deductibles and prices to find the one that best suits your activity and your budget.
Check the guarantees offered
Not all ten-year insurance policies are equal. It is crucial to carefully check the guarantees offered by insurers to ensure that you are well covered in the event of a loss. In particular, make sure that the insurance covers damage occurring after receipt of the work. Also take into account any exclusions and deductibles.
Take into account the specificities of your activity
The choice of your ten-year insurance must also depend on your activity. The risks are not the same depending on whether you are a mason, plumber or electrician. It is therefore important to choose insurance that takes into account the specificities of your profession and the risks linked to your activity. Make sure that the insurance offers guarantees adapted to your field of activity.
Make sure you get the right support and advice
Finally, it is essential to choose ten-year insurance which offers you assistance and advice adapted to your activity. Opt for an insurer who has solid experience in the construction field and who can support you if necessary. A good ten-year insurance policy should offer you comprehensive coverage and support services in the event of problems on your construction sites.
How to choose the right ten-year insurance as a self-employed person in the construction sector?
Here are some additional tips to help you make an informed decision.
Assess the risks specific to your activity
Each construction profession has its own risks and specificities. It is important to choose ten-year insurance that takes these elements into account. For example, if you are a plumber, you will want to make sure your insurance covers water leaks and damage caused by them. If you are an electrician, make sure your insurance covers electrical damage. Take into account the risks that are specific to your activity and choose insurance that offers you appropriate coverage.
Check warranty exclusions
Ten-year insurance policies may include warranty exclusions, i.e. situations or types of damage that are not covered. It is important to read the general insurance conditions carefully to understand what these exclusions are. Make sure warranty exclusions are not too restrictive and leave gaps in your insurance coverage.
Consider the reputation of the insurer
When choosing ten-year insurance, it is important to focus on the reputation of the insurer. Opt for an insurance company that is well established and has solid experience in the construction field. A reputable insurance company will be better able to understand the risks associated with your profession and offer you appropriate advice.
Ensure the financial strength of the insurer
It is also important to check the financial strength of the insurer before taking out ten-year insurance. You want to be sure that the insurer will be able to meet its obligations in the event of a claim. Check the insurer’s financial rankings and read reviews from other customers to ensure its reliability.
Consider additional services offered
Finally, consider additional services offered by the insurer. For example, some insurers offer legal assistance in the event of a dispute with a customer or technical expertise in the event of a problem on a construction site. These services can be valuable and help you manage any difficulties that may arise in your business. Consider these additional services when making your choice.
