Why All Contractors Should Have It

The construction industry is a great example of industries where public liability insurance is very important to have. Working in various locations, with different types of employees, third parties, etc. – the liability can be very high no matter if you are a new business or have years of experience. As a contractor, having sufficient Public Liability Insurance will protect you and your business against claims of negligence.

Although Public Liability Insurance isn’t required like Employer Liability Insurance, many clients require proof that you have it before they will allow you to work. Some won’t even consider you for a job until you have it. Having a good policy in place will allow you get to work right away, with the client knowing that you are covered.

So what exactly is Public Liability Insurance? Specifically, Public Liability Insurance will cover claims resulting in injury to a member of the public or damage to property. Without this insurance, if damage or injury is caused because of your company, you will be held liable for the damage, hospital bills, legal fees and everything else that goes along with the claim. Although all business owners hope that they will never have to deal with a negligence claim, accidents do happen. No matter what precautions you may take, it’s not worth taking the risk and being without the right coverage.

Public Liability Insurance will protect you from the claim, as well as cover any legal fees, costs, and other expenses that arise from the claim. As you can see, having this insurance in place can really save your company, and your reputation, should something happen. Without this insurance all it takes is one accident and you could be out of business.

When you are ready to find a policy for your company, make sure to get several Public Liability Insurance quotes so you can compare before you buy. This will help you get a good deal, but also make sure that you are getting the right kind of coverage for your company. Price isn’t the most important thing – make sure you go with a company with a good reputation. This will mean a lot to potential clients that ask for proof of your insurance.

Use the Internet to browse around for quotes. That way you can view the most Public Liability Insurance quotes in the shortest amount of time – so you can get covered and get back to work!

By: Kausik Dutta