Cabinet Makers – Insurance
It is sensible for cabinet makers and others in the woodworking business sector to have public liability insurance. Many people who employ cabinet makers will insist that they have public liability insurance.
PLI protects you if you cause any physical damage during the course of your work.
To get best value for money, you should compare the market and get a range of quotes from trusted insurers.
Public liability insurance is designed to cover your business in the event of third party claims being made against you for negligence that have caused persons to suffer injury or illness as a result. Public liability insurance can also provide cover in the event of damage to a third party’s property. If you were ever put into a situation which made you or your company liable to be sued, having the right insurance can give you the cover you need.
Find out how much you could save on the public liability insurance for your business by comparing policies.
Is It A Legal Requirement To Have Public Liability Insurance?
No – if you don’t have public liability insurance you won’t be breaking the law however in today’s society of ‘No Win – No Fee’ companies it’s now easier than ever for someone to claim off you.
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.