Why should abseiling contractors have Public Liability Insurance?
As an abseiling contractor, your profession is exclusive to dealing with members of the public on a day to day basis, be that enquiring lessons, working with full time clients or having assistant abseiling contactors work alongside you.
Being in a publicly open profession leaves you extremely liable should someone have an accident or loss on the premises of your business or under your care.
Having the correct public liability coverage in place for your business is certainly essential and will only help your business in the event of a potential claim.
Public Liability Insurance though not legally essential, for a profession as specific as an abseiling contractor, it is highly advised that the correct level of cover is put in place as without cover for public liability, your business could be in trouble should a claim from third parties be made.
Having the public liability cover in place makes no hindrance to you or your business what so ever. Considering the likely risk to third parties and your own business could make a massive difference from having to pay out extortionate compensation and court fees should a claim arise and escalate.
Public Liability Insurance not only covers you from accidents or losses happening to third party members, but also protects you as an abseiling contractor and any expensive equipment that you may own/use to carry out the job at hand. If such equipment were to be damaged or broken on a third party premises, your public liability cover would allow you to replace or reinstate such property without you chipping into any of the businesses funds.
As a business, there are other types of insurance cover that you will need to consider other than Public Liability. Public Liability Insurance does not cover you for employees, temporary staff, students or those on work placements, if you need cover for those factors then you will need to consider taking out employers liability Insurance.
Employers Liability Insurance is imperative should an employee have an accident on the premises of your business or in your businesses hands/care. As an employer, you are solely responsible for the safety and health of one’s workers whilst they are working/employed under your business. If an employee, trainee/apprentice, work experience persons etc were to have an accident, suffer a significant loss or fall ill as a result from tasks at work, you would be held liable.
Claims from employees can be just as damaging to your business as a liability claim would be from a member of the public and, can potentially damage not only your businesses reputation but leave your business open for bust as compensations and court fee’s should you have to pay out be extortionate.
How is my public Liability insurance calculated?
Public Liability Insurance policies are specific to each and every individual and the business that they run. It is important to ensure that the type of cover you have suits each and every one of your business’s specific needs, as in the event of a claim, you could be left potentially uninsured should you have incorrectly disclosed any fact about your business on your policy.
Policies for public liability Insurance are tailor made to each individual but the basis of the cover remains the same. The premium for the public liability policy is however assessed on the businesses level of indemnity, hence making the policy and its cover specifically suited to you as an Abseiling Contractor.
The basis of each public liability policy is built up from several different factors that make up the foundation and structure of your business such as nature, size and structure. The nature of the business or profession (In your case, an abseiling contractor) the number of claims on your insurance history and the types of people that will be on your business’s premises/ in your business’s care, for example: how many clients you have/see at any one time, whether you have any employees working for or alongside you and your business, or how many times you visit third party property and places to carry out your work, can all effect the type of cover that you have and the premium price that is put in place.
It is highly important that both us as the broker and your insurer are aware of all foundational factors and any changes that could be significant at all times, as should you ever need to make a claim and you have any incorrectly disclosed fact on your policy, you could be held liable, potentially putting your business at a great risk.
Public Liability Cover with Performance Direct
As an Insurance Broker, Performance Direct act as a representative on your behalf, working for you and your business’s best interests at all times, especially during a claim if one occurs. We will prepare and specifically tailor make your public liability insurance policy around you, to suit all of your businesses specific needs.
Performance Direct will build your policy up of specific and direct schemes suited to the forefront of your business, ensuring that you not only have cover in place in the event of a claim but that the cover in place is correct for you and your business.
We provide a duty of care and assurance to all of our clients and are on hand daily should anything go wrong or a claim were to arise. Why not give us a call today to put a specific and personally tailored public liability policy in place for your business.
