A lot of tradies work as subcontractors and this can be a great way to make a living. Unfortunately, a lot of subcontractors are unsure about what kind of insurance cover they need to arrange. Before you start taking on work, it's important to know whether you need Public Liability Insurance and understand what this will cover so you can protect yourself properly.
Don't Leave Yourself Open
If your actions at work result in damage to property or another person, you could be found responsible. Public Liability Insurance will protect you financially if you're found liable for a claim for damages. It will also cover your legal bills if you need to hire a lawyer. Due to the nature of work that subcontractors carry out, it can be easy for accidents to happen no matter how careful you are.
A lot of subcontractors are under the impression that they don't need Public Liability Insurance because they assume their employer's policy will also cover them. Unfortunately, this is usually not the case and Public Liability Insurance is generally the responsibility of the individual subcontractor. Unless there is a specific condition in your employer's policy, subcontractors will not be covered as you have a separate business. If you work as a subcontractor, your employer is under no obligation to include you in their Public Liability Insurance Policy.
If you work as a subcontractor, even if you only work for one employer or company, you're considered to be running your own small business and are therefore responsible for your own actions. Public Liability Insurance only covers damage to others and won't cover any injuries to yourself or damage to your own property.
Before you take on work as a subcontractor, check the contract carefully and pay attention to any conditions about insurance. Chances are you'll be required to have your own Public Liability Insurance in place. It's also important to remember that a lot of employers will want you to have Public Liability Insurance before they take you on and you won't be able to enter some work-sites without this cover in place.
Cover Yourself With Public Liability Insurance
To avoid being on the receiving end of the claim for damages, if you work as a subcontract it's generally essential to have Public Liability Insurance in place. If you're not sure whether your specific situation requires this cover, speak to your insurance broker. Don't assume that you don't need cover - you could end up with a lot of debt if you're found liable following a claim.
For subcontractors, it's important to find Public Liability Insurance at the right price as well as ensuring the policy is right for you. At All Trades Cover, we specialise in offering Public Liability Insurance to tradies and offer you insurance packages to suit your needs.
To discuss Public Liability Insurance or any other insurance you're considering, contact us at All Trades Cover on 1300 826 850 and we'd be happy to help. You can also fill in our easy online form for a hassle free quote.