Using scaffolding as part of your business or working as a scaffolder is a relatively…
Using scaffolding as part of your business or working as a scaffolder is a relatively common trade but it can also be risky and serious incidents can happen.
No matter how careful you are, things can go wrong and you need to make sure you have the best insurance package in place to cover you and your business.
There are three main types of insurance cover that are important if you use scaffolding as part of your business.
Public Liability Insurance
Public Liability insurance covers damage that occurs to property or another person as a result of the activities of your business. This is particularly important for a scaffolder or scaffolding business because of the high risk nature of the work.
If any damage occurs in the process of putting up or taking down scaffolding, or someone gets hurt, you could find yourself financially liable. This means you will be required to pay for any medical bills, rehabilitation, repairs, replacements, or any other expenses. Because scaffolding is risky, you need to consider that there is always the possibility that someone could be seriously injured, or even killed.
Public Liability Insurance will cover the cost of these damages so you and your business won’t have to shoulder the financial burden. If you have to go to court for an incident, your Public Liability Insurance will also cover the legal costs which can be substantial.
Because the risk involved with scaffolding is higher than with other professions, the cost will also be higher. Also, it might be necessary to find a specialist insurer because most insurers have a height limit when working externally.
General Property Insurance
It can be very expensive to replace scaffolding equipment if it’s lost or damaged and for this reason, General Property Insurance is also a good idea.
It means you are covered for a range of scenarios including fire, lightening, theft from a secure location, or other damage. You can also get additional cover if you want coverage for equipment left on site overnight, although this will usually incur additional cost.
Income Protection
Working as a scaffolder or with a scaffolding business can be risky and you could find yourself in a situation where you’re unable to work for a period of time. To protect yourself and make sure you’re able to get by financially, income protection is an important consideration.
Income protection means that if you find yourself unable to work, you’ll receive a monthly payment until you’re able to return to work or until the policy runs out. This ensures peace of mind as it means you’ll be able to maintain your lifestyle and keep up with financial obligations.
Even if you’re an employee and get sick leave and holidays, these only last for a short amount of time and won’t help if you’re off work for an extended time. Incomes protection will protect you and make sure you don’t suffer financially.
How Do I Get More Informatiom?
To discuss the best insurance options if you’re a scaffolder or run a scaffolding business, or for any other insurance needs, give the friendly staff at Elliott Insurance Brokers a call on 1300 635 315 and we would be more than happy to help.
