Monday 26 October 2015

Can You Afford to be Without Public Liability Insurance for Builders?

Insurance for tradies is a necessity not a luxury. If a third party was to incur Personal Injury or Property Damage due to your negligence, then they could lodge a claim against you or your company. Having the right cover in place means that your Insurer will defend the matter on your behalf. Without insurance, your business or you personally could be liable to pay these costs, and considering the average Public Liability insurance for builders policy has a Limit of Liability ranging from $5,000,000 to $20,000,000or more, the stakes are high. Could your company afford it?

Tradies often work in dangerous and fast changing environments, for builders this is certainly the case. Public liability insurance for builders is vital in ensuring that your business is well equipped to handle the ups and downs that it may face. Whether you operate as a sole trader or run a company with a team of your own, if third party injury or property damage occurs as a result of your negligence, it’s vital to have the right insurance in place to protect your assets. To ensure that your policy includes the right cover and extensions applicable to your business, you should seek assistance from a specialist like imar.

In addition to Public Liability, builders need to consider an array of other covers from Construction Insurance, Home Warranty Insurance (in some states), Plant & equipment  including cover for your tools, just to name a few. Hold on, what about your biggest asset, YOU and your ability to earn an income, what would happen to your business and family in the event of a loss of income as a result of being unable to work due to injury or sickness? Contact the building industry experts at imar to arrange comprehensive cover with an established insurance provider that fully understands your trade on 1800 284 627.

1 comment:

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