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Life insurance for builders

If you work in the construction industry as a builder and you need life cover to protect your family, then here’s how it all works.

Builders are usually classed as fairly low-risk when it comes to life insurance unless your job is more dangerous. Some builders work in particularly hazardous areas which can be working at extreme heights or even in dangerous locations.

Our team of experts has helped thousands of families to get the right cover and save money. Here’s the answers to some of the most common questions that we get asked by builders looking for life cover.

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The price you’ll pay for life insurance will depend on you as well as your occupation. You can also pay less for cover depending on which insurance company you apply to so it’s worth checking out a few options.

Some of the standard things that will change the cost of cover include:

  • Age (Date of Birth)
  • Do you smoke?
  • How much cover do you want
  • What term do you want cover for (years)

Some examples of how much cover can cost are:

Amount of coverTerm of policy (years)Smoker (Yes/No)Your ageMonthly premium











*These examples are an average of the TOP 3 insurance providers in the UK in November 2020

Is life insurance more expensive for builders?

Generally, the cost of life cover is the same for a builder as it is for anyone in a less dangerous occupation. You should be able to get the cover you need instantly and without having to pay a higher premium.

Some of the main things that can affect your premiums as a builder:

  • Do you work at heights above 40 feet?
  • What equipment do you use?
  • Is your job dangerous?
  • Do you work with hazardous materials?

These things won’t necessarily come up on your life insurance application and don’t generally affect your premiums.

Will life insurance payout if I die doing my job (construction)?

YES – your family will receive a payout if you die as a result of something happening doing your job. Life insurance does not exclude occupational risks such as accidents at work.

There are some types of life cover that may come with exclusions but these are far less common and designed for specific reasons. Generally, you’ll be able to see this on your policy documents or if you check with your adviser.

Can builders get critical illness cover?

You should easily be able to get critical illness cover if you’re a builder and your cover should be available instantly. Most insurance companies don’t have any restrictions on this type of policy for this occupation class.

This can be a very useful policy for builders as it provides cover for things like loss of limbs and 3rd-degree burns. These are extreme injuries but can happen and are more common in occupations like construction.

How much does critical illness cover cost for builders?

You shouldn’t pay any more for critical illness cover because you’re a builder. There are a couple of things that can make your premiums slightly different which are the same as for life cover.

Can builders get income protection?

Some insurance companies will be much better than others for income protection insurance for builders. This is because construction is classed as a slightly higher risk occupation when it comes to this type of cover.

There are a few things to consider but don’t be put off getting income protection because it’s an ideal policy for your type of work. If you’re injured at work then you could receive a monthly income to help support your family while you’re not able to work.

Most insurance providers will consider income protection cover for builders and the cost can vary dramatically. It’s important to speak to someone who has access to a wide range of insurers to get the best price and cover.

How much does income protection cost for builders?

Your monthly premiums can vary from one provider to another but also there are lots of options to make this cover affordable.

You’ll need to understand what you want to cover in terms of your monthly outgoings so you know what you need. You’ll also need to consider whether you could survive for a period of time if you have savings for example.

Some of the things to consider:

  • What are your monthly outgoings for essentials?
  • Does your partner contribute to the bills?
  • Do you have any savings?
  • Can you pause some outgoings?

This can help to reduce your premiums by making sure that you only pay for the cover that you need. There is usually a limit to how much cover you can have which is roughly 60-80% of your Gross Pay.

Useful resources

Finder.com – Life insurance statistics

Statista – Life insurance industry in the United Kingdom (UK)

iam|INSURED – Frequently asked life insurance questions

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