Do you run a plumbing business? If yes, then you would probably know that people may take you to court to claim for damage to their property or personal injury.
In this situation, public liability insurance is essential to safeguard against such claims. This insurance will cover many out-of-the-blue events and give you peace of mind as you know your business will stay protected.
Making sure you have the right business insurance can mean a significant difference between having to pay the entire cost of an expensive damage or accident and getting a claim paid.
Read our guide to know the list of the top 5 public liability insurance to safeguard your plumbing business.
What is a Public Liability Insurance?
Public liability insurance refers to a type of business insurance coverage that safeguards any business type (starting from sole traders to small businesses) in the insurance where their business is taken to court by clients, customers, or any members of the public.
This insurance coverage will pay for any cost of injury to someone due to business activities.
If a public member tries to sue your company, then this public liability insurance coverage will pay the entire cost for the public process in addition to the settlement money that you have to pay.
Why Do You Need Plumbers Insurance for Your Business?
Plumbers insurance will protect your business against the cost of mistakes and accidents at work. Even though you cannot stop them from occurring, you may ensure you are covered.
This type of insurance protects from huge claims, like damage or accidental injury. It will also help you to keep going in your business when an unexpected event comes.
This insurance will cover everything from tools to legal costs and even personal accidents. In case your employees or you injure someone or damage their property this public liability insurance will help you.
Top Public Liability Insurance for Plumbers
Having the right public liability insurance is important when it comes to safeguarding your plumbing business. It provides coverage for potential damages, injuries, and accidents that may occur during your plumbing work and prevents financial loss.
In the below section of the guide, we will provide you with an overview of the list of the top five public liability insurance providers for plumbers in the UK.
1. Direct Line for Business
Overview: Direct Line for Business is one of the top-rated public liability insurance providers that offers a wide spectrum of insurance policies that are tailored for small businesses, including plumbers.
The company provides 24 by 7 claims support and online policy management. With this insurance provider, you get comprehensive insurance coverage for both personal injury and property damage.
Public liability insurance by Direct Line for Business offers protection against claims for injury and illness, including damage to property resulting from employees or business activities. They provide coverage starting from €1 million to €10 million.
Features:
- Coverage ranges from £1 million to £10 million.
- Safeguard against claims from members of the public and customers
- Coverage for compensation and legal costs
- Covers for injury or illness caused by your business can be added to their other insurance policies
- Sector-specific insurance coverage that also includes damage to property
- Guarantee to beat any quotation or renewal.
2. Simply Business
Overview: An insurance broker based in the UK that provides public liability insurance for small businesses and plumbers from leading providers is Simply Business.
They work with prominent insurance companies and allow people to find the best coverage for their business by comparing quotes and sealing their deals at competitive rates.
The company enables businesses to compare insurance policies and choose the best coverage tailored to their business needs. The cost may well depend on factors like the location, government type of business, and coverage limitations.
Features:
- Provides a wide array of insurance options for businesses, including public liability insurance.
- Public liability coverage starts from £4.74 only.
- Has partnered with multiple companies to provide tailored coverage
- Obtain tailored insurance quotes for plumbers from reliable and trusted brands
- Get UK-based export support both on the phone and online
- Offers easy and quick online quotations for businesses to compare policies.
3. Hiscox
Overview: Hiscox provides customisable public liability insurance for tradesmen, including plumbers. It offers coverage against property damage or third-party injury.
All their policies are flexible and enable plumbers to opt for additional coverage. for necessary tools and equipment. The company is not only known for its excellent customer support but also fast claim processing.
Hiscox’s insurance plans are tailored to meet all your business requirements and provide coverage up to €10 million. Their policy can be as low as £55 euros annually.
Features:
- Protection against property damage and personal injury
- Covers the cost of criminal defence
- Covers legal compensation and defence
- Can be directly purchased
- Coverage starts at €55 annually and ranges up to €10 million.
- No requirement to pay admin fees for amending your insurance policy.
4. AXA
Overview. AXA provides public liability insurance for businessmen including plumbers and has a loyal customer base.
The company offers coverage at competitive rates with different policy limits based on your business needs and size. Insurance policies designed by AXA include protection for damages caused to customer property.
The company offers business insurance to protect your business from claims. The company will tailor your policy with the choice of cover level and also offer coverage for personal injury and damage to property.
Features:
- Coverage starts from £58 annually.
- Simple insurance with coverage ranging up to £5 million
- Protection against claims from the public for damage to property or personal injury
- Offers compensation for quote attendance and coverage for temporary staff as well
- Coverage for compensation costs and legal defence.
5. Zurich
Overview. Zurich is another prominent public liability insurance for plumbers in the UK that comes with a wide range of coverage options and provides coverage for damages caused by personal injuries, property, and legal fees resulting from the claims.
The insurance policies by Zurich are customisable based on your plumbing business needs. They also provide strong customer support in case of a claim.
Features:
- Customisable and flexible plans tailored as per your business requirements
- Covers legal defence cost
- Covers property damage or third-party injury caused as a result of your business activities.
- Protects business events that occur during business trips or off-site
- Protects your business against any claims arising from incidents that occurred on your premises during business operations.
Conclusion
Here is the list of the top five public liability insurance for those who are running plumbing businesses.
For businesses of all types based in the UK, interacting with clients, customers, and members of the public comes with certain risks and mishaps, like accidents that may happen and you may be held legally responsible.
Therefore, having public liability insurance from the aforementioned companies will provide you protection by covering compensation costs if a third party gets injured or if their property is damaged as a result of their business activities.