If you are a builder, then you need to have adequate insurance for the work that you are doing. A lot of people don’t realize how important things like builders public liability insurance is. They think that they are OK if they just have insurance for their employees – but all it takes is for one job to go wrong and injure a neighbor, passerby or even a resident of the house that you are working on, and you will find that you have some huge bills in front of you.
You are required to have insurance, to protect the people that you are working for and the other people using that area. If you try to trade without insurance then you could be hit with a very heavy fine. Do not take chances. The cost of medical care for someone that is seriously injured could be tens of thousands of pounds. The cost of ongoing compensation if they become unable to work is likely to be in the hundreds of thousands of pounds. This could put an end to your business if you had to pay it out of pocket, so don’t put yourself in that position. https://www.tradesmansaver.co.uk/public-liability-insurance offers public liability insurance policy that will not break the bank for the average business, and it gives you peace of mind and shows that you care about your customers.
A lot of savvy customers will ask to see evidence that you have insurance, so it’s important that you have your documents to hand at all times. Important info from tradesmansaver.co.uk that make sure that your policies are always up to date so that you don’t get caught out by a gap in your coverage. You can set your insurance to auto-renew, but usually, it is better to shop around every year instead.