After you have been awarded a tender, your focus shifts to completing the project. You may need to hire or purchase additional scaffolding but, before you get the necessary equipment, the hiring company will present you with a contract which contains the following wording:
“The risk of damage to, destruction or theft of equipment shall pass to the Contractor/Builder at the moment of dispatch.”
A scaffolding rental agreement usually also includes the following clause:
“The Contractor/Builder needs to insure the equipment against all risks including theft and damage as well as third party claims for the full period of the agreement, for the full replacement value, and the Hirer must provide proof of such insurance when requested.”
As you know, loss of the equipment without proper cover will have a major effect on the profitability of your project. It can also result in unnecessary delays on site whilst having to purchase new equipment if you have no cover.
We can provide cover at a very affordable rate.
We can easily offer you cover for the duration of the project. It only takes 24 hours from the quotation to the inception of the policy.
Here are a few things you should be aware of when it comes to claiming for theft of scaffolding:
You must check daily that all of the scaffolding you have hired is on site. If you only conduct a weekly stocktake and discover any missing scaffolding, the insurer will not entertain the claim. It is always better to have a record of who has booked out stock, how much has been returned and what is still in use on the site.