Subcontractors Insurance

What Insurance does a Sub Contractor Need?*

List of business insurance available for a subcontractor include:

• Public Liability: to cover you against damage to a third person or their property
• Tools: cover you for theft of your tools
• Stock/Marine Transit: if applicable to your business, this will cover you for loss or theft of stock
• Personal Accident: cover for you and your family if you hurt yourself
• Commercial Motor: cover for your vehicle which you use for work
• Professional Indemnity: generally cover for bona fide subcontractors that provide advice for a fee

The first three business insurances: public liability, tools, and stock may be able to bundled into a “business pack” for affordability and ease of managing.

Your enquiries will be handled quickly, efficiently and cost effectively.

Public Liability Insurance for Subcontractors*

As a sub-contractor, public liability insurance may cover you for damage you cause to a third partie’s person or property.

For example, if in the course of your trade works, you damage your clients’ furniture, destroy part of their home or building, cause some damage to a neighbouring property, or inflict personal harm on your client, visitors, neighbours or passers-by, public liability insurance may cover you. In the most serious cases, public liability insurance may cover you where your sub-contracting business activities result in the death of a person.

Public liability insurance may also be able to assist with paying damages and/or legal fees for any claims made against you as a result of your sub-contractor business activities. There are many instances of claims made against sub-contractors that are sole traders and small businesses operators who did not think they were at fault.

Below is the list of some of the bona fide subcontractors that can be covered under Public liability insurance:

• Plumber
• Landscape and Gardener
• Carpenter
• Electrician
• Scaffolder
• tradesmen
• Handyman
• Construction Workers
• Labourers
• Painters and Decorators
• Asbestos Removalist
• Insurance
• Bricklayers
• Concreters
• Tree Loppers
• Tilers
• Plasterers
• Glaziers
• Welders
• Lawn Mowers
• Flooring Installers
• Installation and Maintenance Contractor
• General Liability Insurance

Why does a Subcontractor need Insurance*

It is strongly recommended that NO sub-contractor that is a sole trader or small business operator work without public liability.

As a sub-contractor, without public liability insurance you may personally be responsible for any damage you cause to a third parties’ person or property.

In the most serious cases, public liability damages can result in millions of dollars of payments; which would bankrupt most sub-contractor that are sole traders, and many sub-contracting based small business owners.

The most common sub-contractor based public liability cases involving million dollar payouts include serious personal injury to clients, visitors, neighbours or a passer- by and the destruction of property.

Even with basic public liability insurance claims against sub-contractors, legal bills start in the thousands of dollars, and climb into the tens and even hundreds of thousands of dollars.