Public liability insurance may cover your plasterer business in the event your activities cause property damage or personal injury to a third party. It may protect your business against legal claims for damages and personal injury suffered that is caused either directly or indirectly by your business activities. Public liability insurance may cover the cost of compensation for personal injury, any financial losses or damage to property that a member of the public suffers as the result of your activities as well as your legal costs.
Public liability insurance may cover your legal costs in defending claims made against your plasterer business including for lawyers, investigators, and expert witnesses. If an adverse legal decision is made against you, public liability insurance may also cover the costs of any compensation that needs to be paid to the injured party.
Although public liability is not a legal requirement for plasterers in Australia, when you consider the significant costs of defending against claims for, let alone being found liable for, property and personal damages, public liability insurance is vital for your financial and personal security when conducting your business.