Does Public Liability Cover Faulty Workmanship?
Public liability insurance protects you and your business against the financial risk of being found liable for negligence. This may be for property damage or personal injury to a third party. However if that loss is the result of faulty workmanship it may result in your claim being declined.
One insurers wording excludes claims “for the cost of performing, completing, correcting or improving any work undertaken by You.”
Some insurers do offer Faulty Workmanship Insurance, and others also will allow you to add as an extra to your business insurance or public liability policy.
Still unsure, speak to a specialist, get them to review your potential risks and possible mitigation.
Call our team on 1300 046 787
Steve is a licensed insurance broker and marketer. He is an internet insurance pioneer in Australia.
Any advice that may have been given is general advice only, please be aware that we have not taken into consideration your needs, objectives or financial requirements. Before deciding to purchase a financial product you should consider the appropriate Product Disclosure Statement to ensure the product is suitable for your needs.
insuretradies.com.au operated by Insure 247 Pty Ltd ACN 612944215 is an Authorised Representative of Ausure Pty Ltd ABN 94 096 971 854 AFSL 238433.