Reliable Plasterers Insurance

Plasterers insurance is important for those working as sole plasterers or running a company with a number of employees. Plasterers have a talent and a set of skills that enable them to produce smooth walls and floors. However, hidden risks threaten the growth of the uninsured business in this industry. Non-specific liability insurance may partially cover the potential risks in your business requiring you to spend more in case of claims. Insurance for plasterers is designed to cover the loopholes present in the non-specific liability policy for maximum business protection.

Potential risks in plasterers business

Here are some of the potential risks that require an insurance policy specifically designed for plasterers:

Third party injuries

You can place plastering tools and equipments on a safe place, but it is impossible to make them obvious to people including your client who may come frequently to inspect your job. Tripping on the tools or falls on a slippery floor is possible resulting in deep cuts, fractures and other injuries. You may be required to foot huge medical bills, legal fees and compensation for bodily harm caused.

Personal sickness

A sickness or an accident may keep you out of business for several weeks, months or forever. This cuts your income flow, leaving you without a stable livelihood. For example, if you get involved in an accident that causes fractured limbs or spine, you may have to wait for several months or years before you resume duty.

Employees’ accidental falls

If an employee slips on the floor and fall incurring bruises, you can afford the medical bills and probably a day off. However, the worst can happen if an employee falls from a tall building while plastering the walls getting serious injuries. This could lead to permanent disability or death in some cases. Medical bill, legal fees and compensation is likely to be too high resulting in the closure of your business and loss of personal assets.

Botched plastering project

Your business as a plasterer involves both functional and decorative skills. As you may have noticed by now, you work with people with different tastes and communication skills. A case may arise whereby a client may provide erroneous instructions such that the end product is not what they were expecting. On the other hand, a mistake made by employees may make your client to be dissatisfied. This may result in compensation claims for wasted time, materials and inconveniences caused.
What to include in liability policy for plasterers

The following plasterers’ insurance policies are vital for the safety of your business:

Employees’ compensation

When running a plastering company with several employees, you definitely require this policy. It covers medical bills, legal fees and compensation for employees who get injured or die while on duty.

Public liability

Damages, sicknesses, injuries and accidents attributed to your plastering business by innocent bystanders near the site or other third party are covered under this policy.

Tools and equipment insurance

If your scaffold, ladder and other plastering tools and equipment are stolen or damaged, this policy provides compensation.

Personal accident and sickness

This plasterers insurance policy protects your income if you are involved in an accident or get sick.