Phew, a bit of a toughie but let’s give it…
1. Are you operating as a contractor?
2. Are you a small business or sole trader?
If you answered yes, then you need liability insurance, and quick, here’s why;
If you are offering a service or goods to customers, you have a responsibility to everyone involved to ensure they are covered if their property is damaged because of your business activities.
This includes your staff, customers, clients, suppliers and also the general public.
Public Liability insurance is important to have, especially if your customers visit you or you go out and about to see them, either at their premises, in public spaces, or places owned or controlled by others.
Believe it or not, public liability insurance is designed to protect YOU, your business and employees. Let’s look at an example.
Bob is a builder, he is installing a rangehood in a new build, while his apprentice is holding the range hood in place, his hand slips and the range hood lands heavily on the brand new Bosch gas hob and granite kitchen bench. The gas hob is severely damaged and Bob can see a huge dent and a big scratch in the granite kitchen bench, not to mention the rangehood is a write-off. Yikes!
Luckily, Bob has public liability cover which means he is covered and this small mistake won’t cost him the earth.
Although the likelihood of a claim is unpredictable, remember one small event could be costly, especially for a small business. Not to mention, it could very well be damaging to your businesses reputation.