Contractor Public Liability Insurance

Public liability insurance quotes for contractors. Compare costs and get suitable cover for general contractors and sub-contractors with help from our public liability brokers.*

Public Liability Insurance for Contractors

As a contractor, you’ll know that the possibility of a mistake or accident is a constant risk in your work. No matter how skilled or careful you are, unexpected events may result in injury or damage to property for which you could be found liable. Having suitable insurance cover is vital to protect yourself against legal claims that could destroy your business and livelihood.

Public liability insurance is among the most important types of insurance you should have as a contractor. This type of insurance may help to protect you against a claim made by a third party (such as a member of the public or other person unrelated to your business) when they have suffered personal injury or damage to their property that they state was caused by you while conducting your work activities.

Small accidents (such as breaking a window or similar) may result in several hundreds of dollars in damages but other events, such as a person tripping on work equipment and suffering severe injuries (even death), could result in significant financial losses that not only cripple your business but result in personal bankruptcy. As well as being a wise way to protect your livelihood, having public liability insurance is often a requirement before you can operate on some worksites.

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What Does Public Liability Insurance Cover?*

Public liability insurance may cover you against the costs of claims for compensation made by third parties (such as members of the public, customers and others not connected to your business). It does not cover you from injury or damages you suffer personally or from a workplace accident. Instead, it is designed to protect you against accidents and unexpected events that you are involved in that cause property damage or physical injury to other parties.

In general terms, public liability insurance may cover you for:

Compensation (or a settlement) awarded by a court to a third party when they have sustained physical injury or property damage that was caused by your business activities
Any costs awarded to the third party in bringing a court case against you
Your costs in defending yourself against claims by a third party, including legal expenses and other costs associated with assessing a claim

The overall amount and specific circumstances under which coverage is offered may depend on the specific terms of a given public liability insurance policy but the potential financial risks of not being covered make it a necessity for any contractor.

How much does public liability insurance cost for a contractor?*

The cost of a public liability insurance policy for a contractor may vary depending mainly on the type of work you do, the risks involved, and the overall amount of coverage offered.

Other factors that may also influence the cost of a policy could include:

The industry you operate in

The size of your business and your annual revenue

Whether you have employees or subcontractors working for you

Locations in which you operate

Whether you work in hazardous or dangerous environments

Whether your work brings you into contact with the public

If you are a contractor that works in a low-risk environment, the cost of a public liability policy could be as low as five hundred dollars annually. It is a small price to pay to protect yourself against the potential financial consequences of a serious accident that occurs on your worksite for which you are found liable. For public liability pricing for your contracting activities get in touch. We are happy to answer your questions and provide you with a quote.