What insurance should a contractor have?
At minimum, contractor's all risks insurance including public liability, and work injury compensation insurance for its employees. MOM requires work injury compensation insurance for all manual employees and for non-manual employees earning S$2,600 or less a month, and expects subcontractors to insure their own staff. Many landlords also require employer's liability cover, named-insured wording and a waiver of subrogation. Ask for certificates before work starts.
From the RRD Field Guide, checked against the sources cited in How to Choose and Verify a Contractor in Singapore: Licences, Registration, Insurance and Red Flags. General information, not advice for your project.
The fuller picture
Check four things before you award building works in Singapore: the BCA builder's licence (Class 1 general builders have no value limit; Class 2 is limited to projects of S$6 million or less), the BCA Contractors Registration System workhead and grade, bizSAFE status, and insurance certificates. Then protect yourself with progress-linked payments, a performance bond where justified, and a programme you can monitor.
More questions on this topic
- What is the difference between a GB1 and a GB2 licence?
- Does my renovation contractor need a BCA builder's licence?
- What do CW01 and CR01 mean in BCA's directory?
- Is CRS registration the same as a builder's licence?
- How do I check a contractor's bizSAFE level?
- How much deposit should I pay a contractor?
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