Lift & Escalator Installation and Maintenance Insurance
Lifts can be found everywhere nowadays. It doesn’t matter if it is in a private residential building or a public building; they would all have such an installation to help people finding themselves at a loss. Whether they need the lift because they have too much to carry or they’re elderly people, a good lift may actually prove to be a lifesaver. But as with most electronic devices, they are prone to malfunctioning if they’re not taken care of properly. This is why you need to submit it to continuous maintenance and choose a good insurance in case it breaks down.
What Do You Need to Know About Lift Maintenance?
Nowadays, it is a legal requirement to have your lift checked every six months. Lifts are responsible for the safety of the person inside, which is why these should not be taken lightly. Regardless if they are passenger lifts, winches or window-cleaning hoists, these inspections need to be recorded and kept as a certificate problem. While a lift may possess a maintenance check, it may not also cover the stationary requirement. It is necessary to also have a certified, independent lift engineer offer a check-up on your lift.
When the damage occurs naturally, this is where you may want to ask for a maintenance engineer to check the lift of your building and ensure its safety.
What Does Lift and Escalator Insurance Cover?
Sometimes, it may not be enough to have your lift checked every six months. Accidents happen and damage may occur, which is when insurance would come in handy. As opposed to maintenance, lift insurance doesn’t cover the natural breakdown of the lift. Your lift insurance can be used dependant on the insurance coverages you select, covers such as:
- Public liability insurance, to cover your damage to 3rd parties Property or injury to 3rd parties
- Business Premesis insurance with options to include Building, Stock and Contents.
- Management liability
- If there is an incident and someone is injured, chances are Occupational, Health and Safety will be engaged. One of the section of this insurance will cover your costs of their investigations. Employment Practices Liability
- (EPL) insurance provides cover for actions taken by employees against employers such as alleged discrimination, unfair dismissal, sexual harassment and bullying.
- Statutory Liability – cover for govenment fines on breaches
- Directors & Officers Liability – Cover for ASIC Breaches
The risk of being sued by a resident using that lift is always there, which is why lift insurance can help protect the owner against various types of losses. For example, if a freight lift breaks down while it’s carrying goods worth thousands of dollars, the one holding the insurance policy has the right to file a claim for their damaged goods.
Insurance and Maintenance Liability
In the case of accidental damage, the building owner isn’t necessarily responsible for the injuries to the maintenance crew that is working under the contract. However, it is advised that you discuss the contract with the insurer, to ensure that you have adequate coverage. Other than the owner of the building, it may be that just the maintenance contractors are responsible for the lift safety. However, when it comes to the safety of the residents, visitors and building employees, the owner is the only one that can be held liable.
Everyone owning a building lift should possess lift insurance. In the case of accidents, you may even get liability insurances to protect you from lawsuits. Go check Bluewell Insurance Brokers for these types of insurances.