Steel Fabricator Insurance
Get The Right Coverage For Steel Fabricator Insurance First Time Round
As a steel fabricator, your business faces a unique set of risks, from handling expensive materials and machinery to managing employee safety and public liability. Whether you work on structural steel projects or manufacture custom steel components, safeguarding your operations is essential. At ABA Insurance, we provide comprehensive Steel Fabricator Insurance solutions designed to protect every aspect of your business, ensuring you’re covered against accidents, equipment failure, legal claims, and more.
What You Get
Liability
Fleet
Plant
Professional Indemnity
Legal
And more…
What Is Steel Fabricator Insurance?
Steel Fabricator Insurance is a specialised insurance package designed to protect steel fabrication businesses from the specific risks they encounter. Steel fabricators deal with high-value equipment, hazardous materials, and large-scale projects that require comprehensive coverage. ABA Insurance offers a complete insurance solution that covers everything from property damage and machinery breakdown to employee injuries and public liability claims, ensuring that your business can continue operating with minimal risk.
Why Steel Fabricators Need Specialised Insurance
Steel fabrication businesses face unique risks that go beyond the coverage offered by standard business insurance policies. From working with heavy machinery to fabricating structural steel for large projects, the nature of your work requires targeted coverage that protects your assets, employees, and operations. Here’s why Steel Fabricator Insurance is essential for your business:
1. Machinery and Equipment Protection
Steel fabrication requires expensive machinery, such as welding equipment, CNC machines, and cutting tools. Any damage or breakdown of these machines can cause significant disruption to your operations. Machinery insurance covers the cost of repairing or replacing these essential tools, ensuring that your production lines keep running smoothly.
2. Public Liability Insurance
Steel fabricators often work on large construction sites or in industrial settings where accidents can happen. Public liability insurance protects your business from claims made by third parties who may suffer injury or property damage due to your operations. Whether it’s an on-site accident or damage caused by your equipment, public liability insurance covers legal fees and compensation claims.
3. Employer’s Liability Insurance
If you employ staff, whether in your workshop or on-site, employer’s liability insurance is a legal requirement. It protects your business from claims made by employees who suffer work-related injuries or illnesses. In a high-risk environment like steel fabrication, where workers handle heavy materials and hazardous tools, this insurance is essential to ensure compliance and financial protection.
4. Stock and Materials Coverage
Steel fabricators handle high-value materials, such as steel beams, plates, and components. These materials are critical to your business, and any loss due to theft, fire, or damage could result in costly delays. Stock insurance ensures that your raw materials and finished products are protected, allowing you to recover quickly from any losses.
5. Business Interruption Insurance
In the event of a major incident—such as a fire, flood, or machinery breakdown—that forces your business to halt production, business interruption insurance covers the loss of income during this downtime. This coverage ensures that you can continue paying fixed costs like rent, utilities, and wages, while you focus on getting your business back on track.
What Makes Us Different
We are specialists in the Construction Industry. We have the expertise and knowledge to get your business the most comprehensive and competitive insurance solution. We add value to your business by working closely with you, helping protect your business from financial loss, all while delivering a seamless easy experience.
Common Challenges Steel Fabricators Face When Choosing Insurance
Steel fabricators encounter a range of challenges when selecting the right insurance coverage. These common pain points include:
1. High-Value Machinery and Equipment
Steel fabrication businesses rely heavily on expensive machinery, and any damage or breakdown can lead to significant financial losses. Without adequate machinery insurance, your business could struggle to cover the repair or replacement costs.
2. Increased Risk of Public Liability
Working with heavy steel components and industrial machinery poses significant risks to public safety, particularly on construction sites. Without sufficient public liability coverage, your business may face legal claims and compensation payouts in the event of an accident.
3. Complex Policy Management
With multiple risks to cover—from machinery and stock to liability and employee safety—managing various insurance policies can be time-consuming and complicated. Businesses need an insurance solution that provides comprehensive protection under one policy.
How ABA Insurance Solves These Problems
At ABA Insurance, we understand the unique challenges steel fabricators face, and we offer bespoke insurance packages designed to cover all aspects of your business. Here’s how we address the common challenges steel fabricators encounter:
1. Comprehensive Machinery and Equipment Cover
We provide full machinery and equipment insurance that covers repair and replacement costs for all of your essential tools and machines. Whether it’s welding equipment, CNC machines, or lifting gear, our coverage ensures your business can recover quickly from breakdowns or damage.
2. Complete Public and Employer’s Liability Insurance
Our public liability and employer’s liability insurance ensure that your business is protected from legal claims made by third parties and employees. Whether it’s an injury on-site or property damage, we cover legal fees, compensation claims, and medical expenses.
3. All-in-One Steel Fabricator Insurance Package
Instead of managing multiple policies from different insurers, we offer a single, comprehensive Steel Fabricator Insurance package that covers all of your risks. This simplifies the insurance process, saves time, and ensures there are no gaps in your coverage.
Key Components of Steel Fabricator Insurance
1. Machinery and Equipment Insurance
Your machinery is the backbone of your steel fabrication business. Machinery insurance protects your welding equipment, CNC machines, and other critical tools from damage, breakdown, and theft. This coverage ensures you can keep your production lines running, even after an unexpected incident.
2. Public Liability Insurance
With the high risks associated with steel fabrication, public liability insurance is essential. It covers your business against claims from third parties who may be injured or experience property damage due to your operations. Whether you’re working on-site or at your own facility, public liability insurance protects you from costly legal claims.
3. Employer’s Liability Insurance
If you employ workers, employer’s liability insurance is a legal requirement in the UK. This cover protects your business from claims made by employees who suffer injuries or illnesses related to their work. In a hazardous environment like steel fabrication, where workers operate heavy machinery and handle dangerous materials, this coverage is essential to protect both your employees and your business.
4. Stock and Materials Insurance
Steel fabricators handle expensive raw materials and finished products that are crucial to your business. Stock insurance covers your materials and products from theft, fire, and damage, ensuring that your business can recover quickly in the event of a loss.
5. Business Interruption Insurance
If a major incident forces your steel fabrication business to close temporarily, business interruption insurance covers the loss of income during that period. This cover helps you meet ongoing expenses such as wages, rent, and utilities while your business recovers from the disruption.
Why ABA Insurance Is the Right Choice for Steel Fabricators
We understand that steel fabricators need specialised coverage that addresses their unique risks. We provide tailored insurance solutions that protect your business from the unexpected, ensuring that you can continue operating with confidence.
Why Choose ABA Insurance?
Tailored Coverage
We design bespoke Steel Fabricator Insurance policies based on the specific needs of your business, ensuring you have the right cover for machinery, liability, stock, and more.
Expert Advice
Our team of insurance specialists provides professional guidance, helping you navigate the complexities of steel fabrication insurance.
Easy Claims Process
In the event of a claim, we handle the process quickly and efficiently, ensuring that your business gets back on track with minimal disruption.
Cost-Effective Solutions
We work with top insurers to offer competitive premiums, ensuring you get the best value for comprehensive coverage.
Client Testimonials
I cannot recommend this company highly enough. I have been a customer since April 2018 and the service I have received is outstanding. The staff are friendly and extremely helpful. Nothing is too much trouble. I would just like to say an extra thank you to Isabella for her customer service and commitment
Chris Baker
CEO/ Founder
Your Questions Answered
How do I know what level of cover I require?
Speak to one of our expects today who can guide you through understanding the levels of cover limits you may require. Call 01474 833 322.
What does Public Liability actually cover?
In short, this covers any damage you cause to any Third Party Property &/or Persons.
What does Professional Indemnity actually cover?
In short, this covers any claim that can come from any losses you may have caused your client or third party caused by the negligence of your professional services & advice you offer.
What is the difference between (BFSC) and (LOSC)?
A Bonafide Subcontractors is a supply and fit contractor that provides their own tools and materials. A Labour Only Subcontractor is pretty much an employee who you pay on a day rate and is under your supervision, direction & control.
What does Contractors All Risk actually cover?
Also referred to as Contract Works, this covers any damage/losses to your works in progress (on going works).
How can I get a quote from you?
Simple call us on 01474 833 322 and one of the team will assist you through a quick and easy experience.
Who do I contact if I have questions?
If you already have a policy with us, you can contact your account manager or alternatively call us on 01474 833 322 and a member of the team will be happy to help.
Why should I choose ABA Insurance?
We are a specialist brokerage within the Construction and engineering industry which means you only deal with a broker that understands your business. We advise on the best insurance solutions to help you in every way possible from advice, claims handling to any questions throughout your policy.
Who will deal with me at renewal?
The same person you delt with at the start. Our team want to make sure they know you and your business inside out. They are dedicated to you from new business all the way through to your renewal.
One Point Of Contact, Countless Ways To Help.
Get Your Personalised Steel Fabricator Insurance Quote Today
Don’t leave your steel fabrication business exposed to the risks of accidents, machinery breakdown, or legal claims. Contact ABA Insurance today for a personalised Steel Fabricator Insurance quote, and let us help you protect your business, employees, and assets with comprehensive, cost-effective coverage.
