Insurance query

[mjc55]

Hi

 

Hope this hasn't been asked before, couldn't see anything on a quick search!

 

Just bought some land, nothing on it at the moment.

 

We are clearing the site ourselves, it's very, very overgrown, and build will not start until next year.

 

Do I actually need any insurance at the moment?

 

Thanks

[Russell griffiths]

That depends on how you view risk. 

If the site is covered in big holes with sharpened bamboo canes in the bottom like they used in Vietnam, then the risk of somebody getting hurt is high, if it’s a flat piece of grassland with a good quality fence all around it then the risk is low. 

 

If you are the the owner of some land you should really have some sort of cover to cover any risk, kids come on it and build a camp from some timber and stab themselves with a rusty nail in the timber, we are living in a society where everyone wants to blame someone else for their mistakes in life so better to talk with a company about your whole build and get a little bit of cover for now until you get going. 

[mike2016]

Public liability insurance, 12 month plan 300-400 p.a. just in case!