TRADESMAN PUBLIC LIABILITY INSURANCE
HOW MUCH DOES PUBLIC LIABILITY INSURANCE COST?
Tradesman public liability insurance costs less than you might think!
Public liability insurance for tradesmen is essential and provides the financial protection you need when you’re liable for an injury to another person.
PUBLIC LIABILITY INSURANCE FOR TRADIES – WHAT IS THIS FOR?
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.
It might not be required, but consider it anyway
If you can get away without needing it, we still recommend that you seriously consider getting it. Many Tradies have had the misfortune of having some unforeseen incident happen on their job site and then watched as they went to the wall under the financial burden. Why take the risk?
If you’re a tradesman 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.
PUBLIC LIABILITY INSURANCE – WHAT DOESN’T THIS COVER?
Doesn’t cover everything
Whilst Public Liability Insurance will cover you 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
Tradesman Injury & Illness Insurance (Income Protection 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 YOUR PUBLIC LIABILITY INSURANCE!
$5 million used to be enough
All tradesmen 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 public liability insurance policies.
Available through Premium Funding (Additional charges apply)
Insurance for Subbies
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 tradesman public liability insurance is to protect the tradesman 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 tradesman or a member of the tradesman’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 Tradesure’s Public Liability Insurance premiums are affordable and you can pay as you go with smaller monthly amounts rather than the annual premium upfront.
Further, unlike some other insurance companies, we won’t charge you extra to pay your insurance policy premium by the month. We can set up a monthly debit from your bank account or credit card.
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.