Public & Products Liability Insurance

Specialised insurance for Tradies

Master Builder Platinum Protection™ for Tradies Public and Products Liability insurance

Public and Products Liability insurance provides protection for amounts you may become legally liable to pay for compensation in respect of third-party personal injury or property damage, as a result of an occurrence in connection with your business activities.

Master Builders has developed Master Builder Platinum Protection™ for Tradies Public and Products Liability insurance to offer you high quality insurance protection against these claims and any approved legal costs incurred in defence or settlement of them.

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Cover options to suit you

Platinum Protection™ for Tradies is a trade contractor’s insurance policy designed for a wide variety of trades. We can offer up to $20M Public and Products liability protection for third-party personal injury or property damage, as a result of an occurrence in connection with your business activities, plus any approved associated defence or settlement legal costs.

There's also the option to add Australia-wide Plant, Machinery, Equipment and Tools coverage for the replacement value of insured items whilst on site, in locked premises outside working hours, in locked vehicles (including fixed toolboxes) and trailers, and for collision damage.

If you work as a Principal Contractor and are responsible for the contract works, you may also like to add the Platinum Protection™ Construction Works policy for physical damage and loss sustained to the contract work during its completion which covers events like storm, flood, hail, malicious damage.

Why you need it

Subcontractors who operate their own business should also take out their own public liability insurance. Unless there’s a specific provision in a builder's insurance policy, you are not covered.

On any building site, there can be a multitude of businesses in operation at any given time. Each business, including you as a subcontractor, should carry their own public liability insurance to cover claims against them, which may arise from the performance of their works.

We've got you covered

If you injure another person or damage their property in performance of your works and are negligent in any way, you can and probably will be held legally liable for damages. You can also be sued for third party personal injury or property damage that may arise from your completed works.

When you have a current Platinum Protection for Tradies Public & Products Liability policy, you are protected against this. You’ll also be covered anywhere in Australia for:

• Your liability, whether caused by you, your employees or your subbies actions
• Your principal’s liability (in most cases, the builder or homeowner) whilst you are performing your trade works
• Legal costs incurred in defence of a public or products liability claim against you.

The Master Builders difference

We’ve been helping tradies with insurance for almost 30 years, so you can have peace of mind knowing you're getting expert advice and quality cover you can trust. You'll benefit from:

• Expert advice
• Extensive policy cover
• Competitive prices
• Monthly repayments (minimum premium amounts apply)
• Quick and easy process.

We can also help you with construction works and/or tools, plant and equipment insurance under the trusted Platinum Protection cover. Chat to our team today to find out which cover will benefit you, and how we can help.

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Which one do I need?

Public Liability

Public liability insurance in respect of a building site provides cover for occurrences that happen while your works are being performed. For example, for an accident or accidental damage that might occur during construction.

Public liability is not only a common contractual requirement, having it just makes good business practice and sense.

The purpose of public liability insurance is to indemnify insured parties for legal liability to third parties for personal injury or property damage arising from an occurrence in connection with the insured business.

Like most types of insurance, there is no such thing as a standard policy and policies vary significantly in the extent of coverage that is offered by different insurance companies. It is very important that you ensure the policy you buy suits the needs of your business.

Our Master Builders Insurance team can offer expert insurance advice tailored specifically to the building and construction industry. We're here to listen to your needs, and help you find the right insurance policy to suit you.

More questions on Public Liability? See our FAQs page or email our team today.

Product Liability

Products liability insurance provides cover for occurrences that happen after the works have been completed and handed over. For example, if a problem or defect in a building causes third party injury some months or years later.

The period of exposure to these kinds of claims has no time limit, as they can arise from occurrences that could happen at any time in the future. However, there may be restrictions regarding the amount of time an injured person has to submit a claim after an injury occurs.

Products liability should not be confused with statutory warranties applicable under building regulations, as these generally relate to the rectification costs of faulty building works.

More questions on Product Liability? Email our team today to discuss your insurance needs.

Need more advice?

The most effective method of managing the different risks and policy response is to arrange both public and products liability insurance under a combined annual policy that encompasses all your works.

To adequately cover both your public liability and products liability exposures, you need a policy in place at the time of the incident causing the claim against you occurs.

Master Builders has public and products liability insurance products that are suitable for both builder and trade contractor needs.

You can request a quote or email our team today for expert advice.