Waterproofing is a specialized trade that involves the application of various waterproofing products and techniques to protect buildings, structures, and surfaces from water damage. If a waterproofing job is not done correctly, it can cause significant damage to the property and potentially harm people using the building. For example, a leaking roof or poorly waterproofed basement can cause extensive water damage to the building and potentially create a hazardous environment for occupants.
In such cases, a property owner or occupant may make a claim against the waterproofing contractor for compensation or damages, and if the contractor is found liable, they may be required to pay significant amounts of money. This is where public liability insurance comes in.
1.Protection against third-party claims: Public liability insurance provides protection to waterproofers against third-party claims arising from their work. This includes claims for bodily injury, property damage, or financial loss that may arise due to the waterproofing contractor’s work.
2. Legal expenses coverage: In case of a claim, public liability insurance covers the legal expenses incurred by the waterproofing contractor to defend themselves in court. This can include the cost of hiring a lawyer and other legal fees.
3. Compensation payments: If a waterproofing contractor is found liable for causing damage or loss to a third party, public liability insurance covers the compensation payments that they are required to make. This can include the cost of repairs, medical expenses, and other related costs.
4. Reassurance for clients: Having public liability insurance can provide reassurance to clients that the waterproofing contractor is a responsible and reliable professional. It can also make it easier for waterproofers to win contracts and bids for work.
5. Compliance with legal requirements: In some cases, public liability insurance may be required by law. For example, some government contracts or building regulations may require waterproofers to have public liability insurance in place before they can start work. Having this insurance in place can help waterproofing contractors stay compliant with legal requirements and avoid potential fines or legal issues.
Public Liability Comparison helps Waterproofers find cheaper public liability quotes by comparing Australia’s top insurers. Compare quotes for Waterproofers in SA & Adelaide, NSW & Sydney, ACT & Canberra WA & Perth, Vic & Melbourne and throughout rural Australia.
Publicliabilitycomparison.com.au by Insure 247 Ausure Insurance Brokers Pty Ltd T/as Insure 247 Authorised Representative of Ausure Pty Ltd AFSL 238433.
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