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What happens if you have no Public Liability Insurance?

Rhino Trade Insurance 27 September 2021

Public Liability Insurance isn't obligatory, but it's worth considering as it can form a shield around you financially should someone take legal action against you for property damage or injury. It protects the interests of both the public and your clients and applies at your premises and others'.

What If I don't have Public Liability Insurance?

Public Liability Insurance is a must-have for any subcontractor. It shields you and your business if your business causes injury, property damage or accidental death, among other things. With coverage available up to £5 million, with higher values possible upon request. We at Rhino trade have tailored our products to suit all tradesmen in the UK.

Why do I need Public Liability Insurance?

Simply put, having Public Liability Insurance in place provides the essential cover you may one day need to save your business from going bankrupt. Accidents can happen at any moment in the workplace. As tradespeople working in high-risk locations, using high-risk tools, or performing high-risk jobs, the need for this type of insurance cannot be understated. Public Liability Insurance provides the vital cover needed if you are required to pay compensation due to a claim. Claims can cost up to millions of pounds, so having liability insurance in place protects your business from any unplanned and unforeseen expenses should any accident or hazard occur.

What happens if you have no Public Liability Insurance?

Having no Public Liability Insurance in place is a risk simply not worth taking. Attempting to work under the assumption that you would handle any payouts resulting from a claim is not recommended. Thankfully, most Public Liability Insurance claims are relatively low. Still, there are cases where claims can be costly. In these cases having the right insurance in place can be the difference between a stable business and bankruptcy. If you have no Public Liability Insurance in place and you must payout in the event of a claim will mean that all compensation comes out of your business' bank account and directly from your bottom line. Having insurance in place gives you financial protection in the event of an accident happening. It offers you peace of mind in the knowledge that if something did go wrong, you would still be covered.

Is Public Liability Insurance a legal requirement?

Public Liability Insurance is not legally required here in the UK, but that doesn't mean it's not vital to ensure that your business operates successfully and compliantly. Public liability cover is not compulsory, unlike other insurance policies (motor insurance/buildings insurance, for example). By not having it in place, you will not be subject to any legal action made against you. Having public liability in place is an essential commodity to any business. It shows prospective customers and clients that you are protecting yourself and them against any potential financial risk. The insurance itself offers both parties peace of mind that you are covered and may decide whether you will win work with a specific client.

Why choose Rhino Trade Insurance for your Public Liability Cover?

Public liability insurance will cover you for multiple situations where you may be found liable.

  • £1M, £2M, and £5M levels of cover available
  • Option to add Employers' Liability cover
  • Starts at just £6.07 per month
  • Optional cover for multiple trades/business activities
  • Instant cover with documents immediately
  • Monthly or annual payment options
  • UK telephone support

Switch your Public Liability Insurance now

Switching insurance providers could not be easier. You could simply cancel your current liability insurance policy and take out a policy with Rhino, or you could wait until your renewal date and do it then. In both cases, we here at Rhino would ensure a seamless transition and ensure that you have no gap in cover. If you have only just recently taken out liability insurance and want to switch to Rhino, note that all insurance policies have a 14-day cooling-off period where you can cancel unpenalized, so switching to Rhino may be even more straightforward than you think.

If you want to switch to Rhino Trade Insurance, then you can do so today. Just give our team a call on 01162437904 or quickly purchase it yourself online.

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