Imagine the scenario… You have spent large amounts of your precious time building that much needed extension onto the side of your house. You have shopped high and low for the right paint colour, cement type and brick design. You have agreed a price with a reliable builder and are now excitedly awaiting the completion date of your extension to add value to your home….
But then disaster hits.
Perhaps a builder falls over some machinery, a loose roof tile comes off your extension and crashes on to your neighbour’s car, or a high wind blows off a brick which hits a passing neighbour? There is an old English proverb, which states, if something can go wrong, it will. So, with the likelihood of disaster a real possibility, especially on a building site, it really pays to make sure that you are protected against such dangers. So, before you even think about those floor tiles or the number of that builder who did your friends conservatory, make sure you have public liability insurance.
When it comes to legal and financial security, public liability is the insurance a business will pay for to help fund the maintenances and indemnities when a company or a worker is found accountable for an accident that hurts a member of the public. Public insurance helps fund the expenses, medical costs, legal levies and maintenances connected to an incident.
What businesses will need this type of insurance?
No matter what industry or field your business is in, accidents affect everyone and so this type of insurance is vital for all kind of business owners or industries they belong to. Nonetheless, if you are building an extension for your home or taking part in any renovation, then this type of legal cover is a must have, because it covers not just your builder, but you, your neighbours and anyone who enters your abode.
So, before your builder steps his muddy boots through your door, make sure that he is covered so that anyone who is injured in your building will be taken care of without financially hurting your bank balance.
If you would like to find out a little bit more about this type of insurance policy, then you can go online to websites like Constructaquote before getting a builder in. This type of insurance cover is crucial for any business as we can never predict when an accident may happen, but what we can do is protect ourselves when it does.