If you own a business, you may be liable for damages or injuries to another person or property. Though liability insurance is optional in most cases, it is strongly recommended for businesses, particularly in building and construction, where accidents are more commonplace due to the nature of our work. The likelihood of being sued for negligence is unpredictable and if something goes wrong and you’re found liable, the costs could result in the closure of your business.
Public liability insurance protects you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage of property or economic loss resulting from your negligence.
Compulsory insurance for contractors
Most contractors require trades to have public liability insurance in place before they can step onto the job, so if you’re on the fence about getting insured, it’s one expense you’ll be grateful for in the long run.
Managing insurance costs with ConX
The number of employees you have will be a taken into consideration when insurers are setting your premium. When hiring a new worker through ConX, you will get full visibility on their level of insurance and whether or not they have their own Public Liability. Not only will we help you mange fluctuating labor demands, but we'll keep your extra costs in check too. Take the hassle out of hiring and post your construction jobs on ConX today