Working in the various heating industries can pose many risks to you and the public while you’re on the job. No matter how much care is taken to manage hazards and make a working area safe, the risk of an accident is always present.
Public liability insurance is designed to cover you and your business against claims for injury or damage made by your customers or members of the public.
What is public liability insurance?
Whether an incident happens on your premises, or when you or your employees are out and about, public liability insurance helps to shield your business against unforeseen costs.
Even when you do everything right, accidents can happen. Any business can face compensation claims and legal fees, whether you’re a sole trader, or you have your own business and employees.
Could your business afford to pay a potentially significant claim? For the cost of a relatively small premium, public liability insurance can give you peace of mind in knowing that your business is covered in the event of a claim.
Do I need public liability insurance?
Public liability insurance can mitigate many of the risks that heating installers and engineers face. It’s not a legal requirement, but some larger commercial companies may require your business to have a certain level of public liability insurance before working with you. Likewise, registration bodies, including OFTEC, ask its registered businesses to be fully insured, up to a minimum of £2million/€2.8million.
What does it cover?
Public liability claims can arise from several circumstances. Working on heating systems has risks. If a customer or a member of the public gets injured while you work, public liability insurance offers protection in the case of damage to a customer’s property, including any compensation and legal costs which may arise as a result.
Public liability claims can have a huge financial impact on a heating installation business. It will even cover claims for simple accidents such as accidentally knocking over a mug of coffee and damaging a customer’s laptop.
How much does public liability insurance cost?
We understand that price is an important factor – especially for small businesses – so we keep our policy premiums competitive. We aim to keep tradespeople covered against the risks that could stop them from trading. The cost of a policy depends on several things, including the size of your business and what trade you carry out.
To find out how much a policy would cost your business, talk to their experts on 01483 521 637.
Image credits: Trade Direct, iStock/Moyo Studio
