Public Liability Insurance - Policy Extras

Many people are aware of Public Liability Insurance, which is insurance to protect you against any third party damage or injury that you may cause during the course of your work, and in many cases the people that you undertake work for will require that you have the insurance even though it is not a legally compulsory insurance, unlike things like car insurance that you have to have by law. Apart from the Public Liability Insurance there are also a number of extras you can get on the policy that can increase the amount of cover that you receive and insure against other aspects of the work that you undertake.

Employers Liability Insurance: -

Employers Liability Insurance is something that most insurers will generally only allow you to get if you have Public Liability Insurance already. However, unlike Public Liability Insurance which is not legally required, if you have employees or are directly employing them as a labour only sub contractor, then by law you have to have Employers Liability Insurance. The main reason for this insurance is to protect the employer from being sued or held liable should any of their employees suffer any injury, illness or in the worst case death whilst they are working under their direction.

Tools Cover: -

The first of these and generally the one that most people seem concerned about is the option of covering their tools. Many people are concerned that if their tools are either lost or damaged then they wouldn’t be able to carry on their work without them so they insure against that happening. For example if they were stolen from the back of a locked van or something like that then you could claim against the loss.

Goods in Transit: -

Secondly we have Goods in Transit cover which basically means that you can cover against any loss or damage of goods that are relevant to the business, whilst they are either on, in, being loaded onto or unloaded from any motor vehicle. The amount of cover that you can get here is generally up to £2,000 per any occurrence and may be useful if you would like to protect your business goods in this instance.

Contract Works: -

Contract Works Insurance is where you can protect yourself against any physical loss or damage to any property that you may be building under contract if the property is still in your possession. For example if you were under contract to build a new build house and someone said that once you had finished they would pay you £200,000 for it but the day before you handed it over it was to burn down you would be left with the bill, and this insurance can be used to help you recoup the losses in Materials and Labour that you have suffered.

Own Plant Cover: -

This cover will insure you against any loss or damage to the larger tools and stock that belong to you for use in connection with the business that you undertake, either on the site of any contract undertaken. This cover will insure things such as constructional plant tools, equipment, site huts or caravans (basically the larger things that you may use, as things like hand tools and portable power tools are covered under Tools Cover).

Hired in Plant Cover: -

This cover is almost the same as the Own Plant Cover except that it is designed to protect any things such as constructional plant tools, equipment, site huts or caravans that you have hired in to use whereas the above is designed if you actually own the items that are being insured.

These are all things that can be added on to a Public Liability Insurance Policy and things that you may at some time need.