Liability insurance for trades is important for all tradesmen who are self-employed or who are working as subcontractors. Some trade occupations such as plumbers and gas-fitters require trade liability insurance to gain their license to operate.
Liability insurance protects your trade business against the financial risk of being found liable to a third party for death or injury, loss or damage of property or economic loss resulting from your negligence.
Tradies can choose the following limits of liability:
- Higher limits can be obtained if required.
In the event of a claim, out-of-pocket costs for a legal defence or settlement can far exceed premium costs. In some cases, the costs of a claim could be enough to shut down your business.
Talk to Brokers National today for more information or alternatively request your quote.