As a plumber you are faced with different challenges every day, one minute you’re fixing a burst pipe, next you‘re unplugging a drain, no two days are ever the same! While you are busy looking after your client‘s plumbing problems, take the time to consider protecting your plumbing business. When there’s an overflow of unplanned issues like a claim from a customer, Public Liability insurance could help save the day!
What is Public Liability Insurance?
Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public are injured (and not covered by the Accident Compensation Commission (ACC) ) or sustain property damage as a result of your negligent business activities.
If you were found liable for a claim, the financial impact to your business could spell disaster, potentially causing you to close the toolbox for good. Many small businesses underestimate the costs of defending a case in court, and worst case if found liable, the cost of compensation awarded to the victim.
You’ve worked hard to build your plumbing business and the last thing you need is a claim to flush your dreams away. With the appropriate level of Public Liability insurance in place, you are providing a financial safeguard to help you stay around for the long haul.
What are the different levels of cover?
Each business is different and will require its own level of Public Liability insurance to suit its specific needs. BizCover offers four different levels of cover ranging from $1 million, $2 million, $5 million, up to $10 million.
When can Public Liability protect your business?
No matter how much care you take in providing a safe working environment, accidents can still happen. You may be working at a client’s house and accidentally crack a pipe, causing extensive damage to the client’s property. Think about the cost of removing and relaying carpets as a result of the incident– is this something you could afford to pay for from your own pocket?
This is where your Public Liability insurance comes into play, providing cover for those messy situations when you need a helping hand.
Other Business Insurance options to consider
To get the job done, you need your tools, they are one of the most valuable assets to your plumbing business and like many things in life, you don’t realise how much you need something until it is gone.
Portable Equipment (or general property) insurance* can cover specified items such as tools, business equipment or electronic items, or unspecified items of lower value. Cover may be comprehensive which will include accidental damage fire, theft and storm cover.
Even if you take the utmost care to secure and look after your tools, unfortunately, thieves can strike anywhere at any time. With Portable Equipment insurance your tools are protected anywhere in New Zealand..
With Portable Equipment insurance in place, you don’t have to worry how you are going to afford to replace or repair your tools if they were accidentally damaged, stolen or destroyed due to an insurable event.
Insuring your plumbing business
Getting your insurance sorted for your plumbing business doesn’t need to be a murky experience. BizCover provides a straight-forward purchase process, providing you with multiple quotes in minutes from some of New Zealand’s leading insurers. In a few clicks of a mouse, you can choose the appropriate cover for your business and receive your certificate of insurance, within minutes, in your inbox.
*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.