How to protect your construction business

IN ANY business, the protection of your assets is as important as achieving adequate profits, drumming up trade and increasing your capabilities.

It is no different in construction, where projects require good planning, foresight and cash flow measures in order to be completed on schedule. This article takes a sweeping overview of a construction business and points out the weak spots you might want to consider bolstering to avoid disastrous disruption to your business.

By protecting your business against such disasters, you’ll be better able to plan a more lucrative business strategy for the future.


Getting yourself and your employees insured is an absolute number one objective for your business, and you’ll no doubt already have your tools, vehicle and business insurance set up.

The catch here is the small print in insurance documents; there’s nothing worse than finding yourself out of pocket after a disaster at work because you failed to comply with the intricacies of an insurance contract.

Be prepared to read through these and never fail to abide by the rules. A stolen power tool or two can be replaced, but if you are violating construction insurance terms, your business might find itself on the rocks.


Stripping it back to the basics, there are two things you absolutely need to do your job: your tools and your vehicle. Both these essential items need to be in good working order at all times.

When they are not, you miss out on trade, anger customers, and create a backlog that can be very difficult and stressful to work through.

Consider getting a wheel nut indicator fitted on your vehicle if it is constantly loaded with heavy tools because by doing so, it’ll avoid wheel damage and loss.

Always keep your tools secure in your vehicle, and have back-ups should they fail on you.


If you are in construction, you know cash flow can sometimes be a major obstacle, especially when you are looking at the bigger jobs and the more long-term contracts.

When money’s low, and you have to pay your mortgage and support your family, it can act to massively shrink your circle of business, causing more money problems.

Short-term loans can be a quick fix to this problem, or else a frank conversation with your bank about overdrafts or loans might be in order. Often in business, a cash injection is just what’s needed to get you up and steaming again.


Whatever scale of construction you work at, contracts are an incredibly important part of the job.

Whether you qualify as self-employed or you run a larger registered business, you’ll have far fewer rights in a court of law if you cannot brandish a well put-together document proving that you are operating within the agreement, or that a client, customer or supplier owe you money.

Do not let yourself be persuaded to enter into business without the trust that contract-signing brings: you never know who might leave you hanging after a job.

These four tips should be of use to those in the construction business who desire a more robust and failsafe strategy moving forwards.


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