Public Liability Insurance – Do I Need It?

We hear so many horror stories through the media about people being injured or having their home or their car damaged as a result of accidents involving tradesman. There are so many things that can go wrong.

If you are a gardener or painter & Decorator, – you may think that your business is low risk and there are very few things that could happen to leave your business exposed. Have you considered that you may use a power tool that blows the electrics causing hundreds of pounds of damage to electrical equipment in the customer’s home? Have you considered that if your client was to trip over a tin of paint and fall down the stairs you could be eligible to pay compensation for any injuries caused and any loss of earnings for the client as a result of those injuries?

Most people associate Public Liability Insurance to more high risk trades such as Gas Fitter’s and Electrician’s for obvious reasons – and whilst it is important for those trades to be adequately insured, it is important for anyone working with, and around the public to be insured. Public Liability Insurance can be low cost and is directly rated to the risk of the trade. Gardeners and handymen could expect to pay considerably less than gas fitters for example – the risks are different.

Sadly we live in a time whereby people look for reasons to claim for compensation and use the smallest of mistakes to make complaints – any sole trader or business owner who wants to risk their reputation and financial future ‘trusting’ their clients not to trip over their a wire, or slip on a wet surface and try to claims hundreds and thousands of pounds in damages – could be seen as foolish?

With premiums for Liability Insurance starting at around £56 per year, it is an unnecessary risk; There are many insurers that offer comprehensive liability policies to suit your trade and needs perfectly. You will be able to get quotes online and over the telephone quickly. You may even find that some of your clients will ask to see a certificate of insurance before they agree to enter into a contract with you, this is perfectly acceptable and is fast becoming the ‘norm’. Clients want to make sure that if anyone is injured, or any property is damaged – the tradesman is insured adequately to cover the damages.