Insurance And Liability: Why Professional Installers are Worth It

A professional is any person who offers any specialised service or advice based on their education/training, recognised standards, and experiences, and they are expected to perform their job with competence, follow a code of ethics and be accountable for their work and decisions. Sometimes, however, mistakes are made – we are all only human after all – and if a client suffers from financial loss, injury or damage due to the professional services they have received, then they are in a position to sue that professional. Professionals need insurance to protect them and their business from costly consequences when mistakes, disputes or accidents do happen, even if they are unintentional, because having a financial and legal safety net will help both the professional and their client to resolve the issues without compromising the business.

The two main types of insurance that are recommended for professionals to protect both individuals and businesses from financial losses due to negligence, errors or omissions in their professional services are professional indemnity insurance and public liability insurance.

Professional Indemnity Insurance

Any professional who has contractual work, provides expert advice or services and could be held liable for the outcome of their work needs this type of insurance as it will pay for any legal defence costs (even if you are not at fault), any settlements or damages awarded to the client and any claims investigation expenses.

Any professional installer that carries professional indemnity insurance is displaying their commitment to risk management, showing they understand and accept that there are risks involved in the project, and they are insuring against those “what if” risks to help provide their client with a successful outcome.

Public Liability Insurance

If a member of the public decides to make a claim against a business for damage to their property or injury to themselves that was caused by the activities of the business, this type of insurance will cover the cost of legal defences, any medical expenses, necessary repairs or replacements or any compensation that is awarded. It is essential for anyone who personally deals with people, either in a workplace, on a client site or in public.

Any single incident that involves a member of the public, however unexpected, could lead to significant financial losses and even jeopardise a business’s ability to operate, so it provides a safety net for anyone whose business interacts with the public in any way.

It’ll Never Happen to Me!

However careful, knowledgeable or professional you are, hazardous situations are around every corner. Whether you’re using power tools, climbing scaffolds, picking vegetables, typing in data or working in A&E, there is a potential risk of accidents, faulty equipment, a slip of concentration or the wrong touch of a button that can lead to disastrous consequences. Even if somebody else trips on your neatly placed wires, your business could suffer huge financial setbacks.

Having insurance and liability does not mean you are incompetent, and protecting yourself against potential mistakes shows your professionalism and understanding of the risks involved in your work, and the responsibility you have to protect yourself, your clients and the public against unfavourable outcomes. When you choose All About Hanging for your installation needs, you’re working with fully insured professionals who carry comprehensive liability coverage, giving you peace of mind that your property and investment are protected. Whether you need TV wall mounting or art installation services, their insured team ensures accountability and protection throughout every project.