When you are working in a field where you build or design structures such as buildings you need to have insurance. This is like any other small business. You need to make sure you are protected from any unforeseen accidents or mistakes that could be made.
This is covered under Tradesman Insurance. Every time anyone does their job they always run risks. This is a form of liability insurance and covers many things within your specified trade. If something went wrong with your equipment you can be covered for repairs or even new replacements for your damaged equipment. If something were to happen to you during your work your medical expenses would be covered as well as anyone else who may be injured on your job.
This type of insurance policy also includes plant cover, contract work cover, employer’s liability and job interruption.
Tradesman Insurance comes in two forms; there is public liability insurance and also employer’s liability insurance. The first covers your workers and any injury which may result from an accident on the job site and or work place. The second covers anyone who may come to visit your workplace for whatever reason, inspectors, new hires or even the people whom you are working for. Accidents do happen and insurance is there to cover you in that event.
This form of insurance even covers lost or stolen equipment. A worker with Tradesman Insurance can also be covered for loss of income which may result from an accident on the work site.
Tradesman Insurance is a necessity for anyone who works in construction. It doesn’t matter what trade you are in, you can be covered for your work and your equipment. This is not a private insurance so you can easily shop around for the price that suits you and the final overhead for your business.