If you are a self-employed welder or run a small business providing welding services, you’ll know that things don’t always go according to plan and that accidents can happen. Public liability insurance can protect you against legal claims for compensation for damage to property or personal injury that a third party suffers as a consequence of your welding work.
As a welder, you need public liability insurance to protect you and your business from the financial risk of paying compensation if you are found liable for negligence. Even if you believe you are not at fault, you may still need to meet the costs of defending yourself in court with appropriate legal representation.
Even with all care taken, accidents can happen – especially when welding where someone can get burnt by hot sparks – a fire could start, or someone could trip over your equipment or tools. If an accident happens that is found to have been caused by your welding business activity you can be found liable for paying compensation to the injured party.
While this might only amount to several hundreds of dollars for minor damages, there are possible scenarios where the cost could be significantly higher. If a fire starts while you are welding, for example, and burns down a client’s car or property or, in the worst case, leads to someone’s serious injury or even death, you could be found liable for millions of dollars in damages. This has the potential to not only bankrupt your business but, in the most serious cases, also result in your bankruptcy since you would be held liable for any damages.
This is why public liability insurance is essential for your welding business. It can cover your legal fees and any monies you are ordered to pay by a court when you are found liable for property damage or personal injury that a court has decided was caused by your actions when doing welding work. Although you are not legally required to hold public liability insurance as a self-employed welder in Australia, for a relatively low cost you may be protected when accidents occur. It means you may be able to defend yourself against claims with suitable legal representation and may be protected from a crippling financial burden if you are found liable.
Public liability insurance in Australia typically provides self-employed welders cover for:
Public Liability Insurance cost for a welding business will depend on various factors including the size of your business, the type of work you do and the types of clients you service.
*Important : the above is a guide only ; pricing may vary significantly from the above based on your size, clients, experience and gardening business activities.
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