Public Liability Insurance covers damage and injury to third parties. It will cover the defence costs and damages if someone brings a claim against you.
For example, if you were working on a client’s site and someone tripped over a wire that you had left, they could sue you if they were injured. The policy would cover the legal costs and the damages if you are found liable. Likewise, if you damaged some of your client’s equipment it would also be covered.
Whilst the number of claims on Public Liability policies are obviously higher for more manual trades and businesses like electricians and builders, it is still a good idea to hold the insurance regardless of the type of work you are carrying out.
Most agencies and end clients demand that you hold cover up to £1m, although this can sometimes be £2m or even £5m.
Public Liability premiums for white-collar contractors like IT, are generally very low to suit the low-risk nature of the services provided. For further information and a quote, please visit Qdos Contractor.