Plasterers’ Liability Insurance
Liability. As a plasterer you play a crucial role in the construction of new properties and the maintenance of existing ones.
Your plastering business needs insurance, you can put your company at unnecessary risk by not having the right amount of cover for your business. Not having public liability insurance could mean financially damaging your business if you could not pay if a claim was made against you.
Public Liability Insurance Protection
Public liability insurance is designed to cover your business in the event of a third party claim being made against you for negligence that has caused persons to suffer as a result. Public liability insurance will also provide cover if you were out at a third party’s property and cause damage. If you were ever put into a situation which made your business liable to be sued, having the right insurance can give you the cover you need.
Why Do I Need Public Liability Insurance?
If a member of the public becomes seriously injured as a result of your work, you are likely to be held responsible. Should the worst happen, public liability insurance can help cover any costs associated with a claim for damages. Most polices offer up to £5 million in cover, with some offering a minimum of £1 million. If you don’t have this, your business could be subject to the crippling financial burden of a claim for damages.
Amount Of Liability Cover Required
Public liability insurance will protect your business against the possibility of mistakes you could make or where you feel you were not at fault to help with the legal costs to defend you.
The amount of cover you need will vary according to your business type and other factors. Many small businesses take out £5 million of cover.