If 1,000 builders have bought insurance and 400 of them had a claim, what do you think will happen to the insurance premiums for builders? Yes they Will go up as the risk is higher. Now Plumber, Electrician, Carpenter, Painter, Bricklayer, Roofer is also classed as a builder right? So be smart – don’t just put your occupation as the most general one out there – try to be more specific and check the price – by doing this it can save you more than £156!!!