To get their work done, plasterers are in and out of people’s homes and business premises all of the time.
Plastering could be considered low risk, however, all that coming and going may lead to accidents. It doesn’t take much for one to happen – you’ve spilt water or wet plaster in an area where people need to move backwards and forwards, for instance, and someone slips and takes a tumble.
And if it is something you have done, or failed to do, that results in someone getting hurt or having their property damaged, you may be held responsible and ordered to pay them compensation.
To help guard against this risk, plasterers’ insurance typically includes a safeguard called public liability insurance which can settle the amount of compensation you may be ordered to pay and, so, saves that expense falling on the fragile earnings of your business.
Since public liability is but one of the risks faced by any small business, you might want to talk to a specialist insurance broker– such as us here at constructaquote.com – before arranging your cover.
Why contructaquote.com for your plasterers' insurance?
- Policies are also available with an excess of just £100
- Cover for your tools and trade vehicles may also be arranged
- Our call centres are UK-based
So what is likely to be covered by this insurance for plasterers?
Each business is different – and it is precisely that difference we have learned to respect – so, insurance cover needs to differ according to the individual needs and circumstances of each business. You might be running your enterprise single-handed, for instance, or you may have grown the business to the point where you are employing a whole team of plasterers.
Either way, it makes sense to consult an expert when it comes to arranging cover against some of the following risks and perils to which your business is likely to be exposed.
Why you might want to protect your public liability
English common law holds that you owe a duty of care towards anyone who might be affected by the actions you take and even those actions you fail to take, to prevent someone being injured or having their property damaged.
One of the founding precedents of this duty of care is given in the famous case of Donoghue v Stephenson in 1932 which established what is generally known as the “good neighbour” principle – you owe it to your neighbour to take every reasonable precaution to prevent your actions causing him injury or damage to his property.
This principle extends to every action you take – or fail to take – as a plasterer. Your “neighbour” might be your customer, someone visiting their premises or even a passing member of the public.
If you are held responsible for a breach of that common law duty of care and it results in someone being injured or having their property damaged, they are entitled to compensation from you.
The amount of compensation you have to pay is directly related to the nature and extent of any injury or damage, but it might run into many thousands or even hundreds of thousands of pounds. For that reason – and although there is no legal obligation to have such cover – public liability insurance typically provides a minimum of £1 million of cover.
A similar liability extends to your role as an employer
If you employ anyone else to help run your plasterers business – whether they are paid or not and whether they are working onsite as a plasterer or in a backroom role performing some administrative function – you have a legal obligation to hold a minimum of £5 million employers’ liability insurance.
The legal requirement is there to make sure that you have sufficient funds to meet a claim against you made by any employee who is injured or suffers an illness or long-term medical condition because of the work they have been doing for you.
The law takes such a serious view of your needing this safeguard that you may be fined up to £2,500 a day for any period in which the cover is not in place.
Protecting essential tools of your trade
Many people might think that plasterers need relatively little in the way of tools and materials. Since you are directly involved in the trade, however, you may know different and be only too well aware how much your tools and materials have set you back.
Contractors all risks insurance is available, therefore, to help protect against the risk of theft, loss or damage to those tools and materials, providing you with the funds you need to repair or replace them if the worst comes to the worst.