PUBLIC LIABILITY INSURANCE
Public liability insurance for trades is essential and can provide you with the financial protection needed if you’re liable for damage or an injury to another person.
WHAT DOES IT COVER?
Protecting you and yours
Public Liability Insurance will protect you if you directly or indirectly cause damage to property or an injury to someone; while working on a job site.
Public Liability Insurance is often a requirement
In many instances you will be required to have Public Liability Insurance before you can undertake any work. This may be a legal obligation for your industry or a stipulation by the client; this is particularly true for large contracts.
If you’re a tradesperson on a job site and someone is accidentally electrocuted or they trip over your gear and sustain an injury, there are two things you need:
- Public liability insurance; and
- Enough public liability insurance cover for the full extent of the claims made against you.
WHAT DOESN’T IT COVER?
Doesn’t cover everything
Even though you’ll be covered for any property damage or injuries to people on your job site, it won’t cover any injuries to you or damage to your property.
Cover for your own injury
Injury & Illness Insurance will cover you if you become injured at work; it will even cover you if you get injured away from work.
Cover for your tools and trailer
We can explain everything
Important: Make sure you check with us when organising your Public Liability Insurance so you know exactly what it does and doesn’t cover.
POINTS TO CONSIDER WITH PUBLIC LIABILITY INSURANCE
$5 million used to be enough
All tradespeople and sub-contractors on a job site need to carry public liability insurance to protect themselves against professional and personal financial ruin. While the industry minimum standard for public liability insurance cover is for $5 million, there is growing demand for $10 million and $20 million liability insurance policies.
Available through Premium Funding (Additional charges apply)
Insurance for Sub-contractors
Sub-contractors are deemed to be self-employed, and employers should always check that sub-contractors have their own current and adequate public liability insurance before allowing them to enter a job site.
Keep your insurer informed
When it comes to engaging labour hire workers, there are additional important issues that must be considered. The key is to advise your Public Liability insurer when you engage labour hire staff so that proper provision may be made in the policy for them.
Conditions may change if you work in different states
If you are an Electrician and you travel with your work, it is important to check that your public liability insurance complies with the requirements of your State Electrical Contractors Association as these conditions can vary from state to state. Tradesure can help with all your electrician insurance needs.
It is all about protecting Tradies and Subbies
The sole purpose of public liability insurance is to protect the tradesperson or sub-contractor against financial claims in the event of damage to property or injury to people (other than employees), that have been caused by the tradesperson or a member of the tradesperson’s staff. It is important to note that a contractor’s public liability insurance policy may not cover sub-contractors who may have been engaged for a job.
All levels need to be insured
Even if the main contractor’s public liability insurance responds in the event of a claim for which the sub-contractor is liable, the contractor’s insurer may recover the claim amount from the sub-contractor.
Public Liability Insurance FAQs
Public Liability Insurance will protect you if you directly or indirectly cause damage to someone else’s property or an injury to a third party while working on a job site. It is often a requirement and will provide financial aid in the event that an accident causing injury or damage occurs.
The good news is that Public Liability Insurance premiums are affordable and you can pay monthly amounts via premium funding rather than the annual premium upfront.
If you are a tradie who travels with your work, it is important to check that your public liability insurance complies with the requirements of that state’s association for your trade as these conditions can vary from state to state.
Yes! Public Liability insurance to protect yourself against occupational and personal financial ruin. It’s essential for every tradesperson, no matter what trade you work in.
Sub-contractors are deemed to be self-employed, and employers should always check that subcontractors have their own current and adequate public liability insurance before allowing them to enter a job site.
We can help you come up with suitable sole trader public liability insurance that suits your individual needs of trade.