You know that when you work as a plumber mistakes can happen. You try hard to give your clients the best service possible but even the most skilled experts can make mistakes. So, it’s important to get plumbers public liability insurance to protect yourself and your business.
Public liability insurance pays for court fees and compensation if your work hurts a member of the public or damages their property. Several insurance companies in the UK that offer coverage for plumbers but how will you come to know which one is best for you?
What is plumbers public liability insurance?
Public Liability Insurance defends plumbers against claims made by third parties for injuries, property damage on plumber’s work.
Plumbers work in homes, businesses, and public venues. Even if you take all precautions, an accident may occur and you will be held liable.
If you unintentionally flooded a client’s property while working on a project, they would sue you.
If you damage a client’s property, you have to pay for the repair and any accident-related costs.
This will protect your business and personal assets and show clients that you take your work seriously and have insurance in case of an emergency
3 Best plumbers public liability insurance companies in UK
AXA Public liability insurance for plumbers:
Customers have praised AXA’s extensive coverage options and affordable pricing, which can be found on the company’s website. Even if you are unable to acquire coverage through their website, you can call them to discuss your demands. They may be able to offer you a customized or third-party-sourced policy that meets your specific requirements.
Aviva Public liability insurance for plumbers
If you engage in business operations that Aviva promotes, you cannot go wrong by purchasing one of their policies. Their high rating is further evidence of the quality of their customer service.
Hiscox plumbers Public Liability cover:
Hiscox offers public liability insurance with a minimum cover of £1 million and a maximum cover of £10 million, starting as low as £5.20 per month. They help their customers to discover the correct coverage and customize it.
What type of insurance do plumbers need?
Plumbers need insurance to protect themselves and their customers. Here are some forms of insurance you need as a gas engineer:
Public liability insurance:
This insurance protects you from any damages you cause to a third party while performing your duties.
Professional indemnity insurance:
It protects you from claims made by clients regarding blunders or errors in your work.
Employers’ liability insurance:
If you have employees it protects you from claims made by your employees for injuries or ailments sustained on the job.
Tools and equipment insurance:
Your equipment and instruments are covered by this insurance.
What is the importance of plumbers public liability insurance?
Public liability insurance covers property damage to your customers.
Without adequate insurance coverage, you and your business could face significant financial issues. However, if you have plumbing insurance that includes public liability coverage, you will not be responsible for paying the customer’s compensation or legal fees if they submit a claim against you.
How much is plumbers public liability insurance?
Public liability coverage for plumbers can vary significantly depending on several factors. In general, here are some estimates for plumbers’ public liability insurance costs:
- $1,000,000 of insurance cost $1,200 to $2,500 annually
- $5,000,000 insurance coverage cost $2,500 to $5,000 annually
- $10,000,000 in coverage cost $4,000–$8,000 annually
|Cost per month
|Public liability insurance
|Professional liability insurance
|Commercial property insurance
|Workers compensation insurance
|Business owner’s policy
How to get cheap Plumbers public liability insurance for plumbers
There are several ways to find cheap public liability coverage for plumbers in the UK. The first step is to compare quotes from different insurance providers. You can do this by using price comparison websites or by contacting insurance providers directly.
Consider a higher excess
Choosing a higher excess can lower your insurance premiums. If you make a claim, you must be able to pay the excess.
Join a trade association
Joining a trade association such as the Chartered Institute of Plumbing and Heating Engineering (CIPHE) can help you get access to discounted insurance rates. Trade associations often negotiate group discounts on insurance policies for their members.