What does painters public liability cover?
Most painters know they should have public liability insurance, but do you know what it actually covers?
Essentially it covers you if you stuff up and someone else suffers a loss as a result.
Speaking more formally, the policy will respond in the event that a third party suffers property damage or personal injury as a result of your negligence.
The easiest way to understand how public liability insurance can help protect you as a painter is to look at some claim examples.
The most common public liability claims are for property damage.
If you spill a tin of paint onto carpet or similar, and the carpet needs to be replaced, the policy can cover the costs of the clean-up and replacement.
If you break a window or scratch a car whilst carrying your ladders, again your policy can cover the costs involved in repairing the damage.
Claims for personal injury are less common, but they can be far more severe.
Say you’ve spilt paint on a tiled floor, then left to find something to clean it up with, and in the meantime the homeowner walks past and slips on the paint.
If they suffer injuries as a result, you may be found responsible for any medical costs and financial loss they suffer.
Such claims can run into the hundreds of thousands, but this is the type of situation that your public liability policy can respond to.
It’s important to remember that public liability insurance is all about losses suffered by third parties.
It does not cover damage to your own property, or injuries suffered by you or your staff.
There are other forms of insurance to cover these risks, and your insurance broker can advise you on which policies are right for you.
This article was produced by Trade Risk for Aussie Painting Contractor magazine.
Trade Risk is the recommended insurance broker of the Aussie Painters Network.