Liability Insurance for Trades
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 gasfitters 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.