Business costs are tighter than ever and with budgets constantly under scrutiny, plumbers, like many trades, will want to cut down on unnecessary expenditure wherever possible.
However, when it comes to plumber’s insurance, that is one expense you simple can’t afford to skimp on. In many ways, plumber’s insurance can be seen as an investment as it can protect you from greater and unexpected costs further down the line. So, whether you are a self-employed plumber, own a plumbing company or employ contractors, it is essential to have the right cover in place to protect your business.
All plumbers take great pride in their work and do their best to get the job done efficiently and to a high standard. After all, the work that you do is effectively your calling card. Customers will recommend you to their friends and family if they feel you have done a good job. Word will soon get around if your isn’t up to scratch though, but that could be the least of your worries if things really go wrong.
Public liability insurance
Although it isn’t compulsory to have plumber’s public liability cover as part of your plumber’s insurance, it is considered good practice to have it in place. In fact, many potential customers may want to know if you have public liability insurance before hiring you.
This will protect you against any claim made against you by a customer or member of the public who has suffered damage or loss as a result of work you have carried out.
Most plumbers will be extremely diligent in their work, but it can only take on loose washer or a poorly installed tap or pipe to cause a flood and damage to a customer’s property. Public liability cover will help you with the cost of any compensation that needs paid out.
Even someone who isn’t a customer can suffer as a result of a job gone wrong, and you’ll also be covered for any compensation or legal costs as a result of a claim made by a member of the public against you if they are injured, fall ill or incur damage to their property as a result of work you have carried out.
Employer’s liability insurance
This is an absolute must-have. In fact, if you employ even one person, or regularly use contractors, you are required by law to have employers’ liability insurance. All employers have a duty of care to their staff and the law requires you to look after their health and safety while they are working for you.
Employer’s liability is, therefore, a compulsory part of any plumber’s insurance policy. It will cover you if someone working for you is injured or falls ill while working on a job.
Many plumbers also work as heating engineers and there can be dangers involved in any job they undertake. Many older buildings can contain asbestos, which has been found to contribute to certain forms of cancer. Plumbers can also be exposed to mold and damp on a regular basis which can also lead to illness, including respiratory problems. And that’s not to mention the fact that plumbers can find themselves working with very hot water as well.
If you are an employer, you must ensure that your employees are aware of all the dangers they face and make sure adequate precautions have been taken.
Employer’s liability can provide coverage of between £5million and £10million. The level of cover can be adjusted to meet your needs.
While this type of cover can provide you with protection for claims brought against you, insurers may not pay out if it is found that you haven’t put the right health and safety measures in place.
Additions to your plumbers insurance policy
You also have the option of taking out added extras to your plumbers insurance policy which can include cover for tools, office equipment and vehicles.